Top Lending & Borrowing tokens by market capitalization
Lending & Borrowing contains 60 coins with a total market capitalization of $8.78B and an average price change of -0.51%. They are listed in size by market capitalization.
Users can offer crypto loans by staking their assets into lending and borrowing protocols without requiring a bank account. In exchange for lending their assets, users receive rewards in the protocol's native token. These services can be classified as centralized or decentralized. Centralized protocols require customers to undergo KYC, while decentralized ones only need a compatible Web3 wallet.
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FAQ
What is lending and borrowing in crypto?
Cryptocurrency lending platforms have grown in popularity recently, and they allow investors to borrow against their deposited crypto assets. Additionally, these platforms offer the opportunity to lend out crypto and earn interest in the form of crypto rewards. It's impressive to see how much these platforms have grown since 2020, with billions in total value locked on various platforms.
Can I make money lending crypto?
Many investors are turning to crypto lending platforms to earn passive income on their crypto assets. These platforms offer much higher interest rates than traditional savings accounts and provide a more flexible alternative to staking crypto.
What is the difference between lending and staking crypto?
When it comes to earning passive income on your crypto assets, there are two popular options: staking and lending. Staking involves leasing your crypto to the blockchain, while lending involves leasing your crypto to a borrower. Both options offer a small amount of interest, usually paid out in the form of the crypto you lent or staked.