What is lending and borrowing in DeFi? 🤔

It's like a crypto-powered loan shark, but without the shady characters and questionable tactics.

Here's how it works:

🔹 Lending:
• Supply your crypto (e.g., USDC) and earn interest 📈
• Your funds are locked in a smart contract, making the process safe and transparent
• You keep control of your assets at all times 💪

🔹Borrowing:
• Provide collateral (if you supplied USDC, USDC is your collateral and then you can buy other assets or even mint DUSD 🤝
• Borrowing in Davos is over-collateralized, meaning you provide more than you borrow to protect lenders.
• You can access liquidity without selling your assets.

Ready to explore the world of DeFi lending and borrowing in Davos Protocol? Check out our guides and tutorials to learn more 👇👇👇

https://t.co/zNOcgm4NZs