Crypto Education - Lending & Borrowing | Animation | Cryptomatics

In this video, we will explain what crypto lending and borrowing mean and how they work. We will also cover their benefits and risks.

Through crypto lending, depositors or lenders provide funds to loan takers or borrowers in return for interest on their deposits. You could think of it as a savings account that puts your money to work and allows you to earn interest.

Borrowers, on the other hand, can thus have access to a specific sum of money immediately in return for an interest they pay. These two processes involve three parties: the lenders, the borrowers, and the lending platform. Interest rates and lending/borrowing conditions vary from one crypto lending platform to another. How much a lender gets in return for their investment depends automatically on the type of platform used.

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🔥CryptoRobin 👉    / @cryptorobineng  

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CHAPTERS –

0:00 Intro
0:28 What are Crypto Lending and Borrowing?
1:20 Centralized and Decentralized Crypto Lending
2:53 How Do Crypto Lending and Borrowing Work?
3:30 Benefits and Risks of Crypto Lending and Borrowing
4:08 Conclusion
4:37 Outro

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⛓️ 🔗 Useful Links 🔗⛓️

►https://www.gemini.com/cryptopedia/pe...
►https://www.stilt.com/blog/2021/08/wh...
►https://www.bankrate.com/loans/person... ►https://academy.binance.com/en/articl...
►https://loans.usnews.com/articles/wha...

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#Lending #Borrowing #Animation #Cryptomatics #Blockchain #Crypto #CryptoEducation