Cryptocurrency Q&A How do you borrow money on DeFi?

How do you borrow money on DeFi?

Stefano Thu Sep 26 2024 | 5 answers 1063

Can you walk me through the process of borrowing money on DeFi? I'm curious about how it differs from traditional lending practices and what specific steps I need to take to access funds. Additionally, what kind of risks should I be aware of when borrowing on DeFi platforms? Are there any fees or interest rates I should consider? Finally, how do DeFi platforms ensure the safety and security of my funds? How do you borrow money on DeFi?

How do you borrow money on DeFi?

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