Lending Platform Reviews
After exploding in popularity in 2020, crypto lending platforms now jointly have billions of dollars in total value locked. These platforms allow you to deposit your crypto, which is then loaned, enabling you to make passive earnings as you regularly receive interest payments. Likewise, they also allow you to place collateral and then borrow many different tokens.
Sounds like a neat way to either earn or borrow money, but crypto lending comes with significant risks. These include the possibility of margin calls, illiquidity, and high interest rates, that may go up to 20% of the annual percentage yield. To further complicate the matter, there are both centralized and decentralized crypto lending platforms to choose from.
With our trustworthy reviews of crypto lending platforms, however, you can optimize the chances of your lending or borrowing deals ending satisfactorily. Many people have remained safe from the risks mentioned, and with some due diligence, you might be one of them.
How many times did you have to sell some of the cryptocurrencies you really believed in just because you needed some cash ASAP? Quite a few, right? If only there was a way to borrow fiat money and leave your portfolio intact… Well, there’s a way. You can take out loans from various financial service […]
Celsius crypto loans review The land of crypto loans is an area to be explored if you have the stomach for it. As the crypto market grows, so do associated financial fields. One of the intriguing players is Celsius Network. The idea which originated in a coffee shop during a break has taken off with […]
Defi Solutions Review: Auto Lending Software Provider Overview People cannot go a single day without reaping the rewards of automation. Automation is present in everything: from robotic carrying and packaging at warehouses and better quality cars, to the coffee machine that starts your day. No matter where you look, the benefits of automated systems are […]
Aave Review: A Complete Guide Decentralized finance platforms have been taking center stage in the world of cryptocurrency for the past several months. Within this realm, decentralized lending protocols are truly spearheading the way for an increasing number of emerging independent projects through their attractive loan services, ease of access, rich communities and, more often […]
The popular crypto exchange and lending platform, BlockFi, has been making the news recently. In early June, BlockFi was forced to lay off 20% of its staff, due to the negative impact of shifting global economic conditions. The company also had to eliminate all non-critical vendors, and reduce its executives’ compensation and overall marketing budget. […]
Alchemix self-repaying loans allow you to leverage a range of tokens avoiding the risk of liquidation. You avoid liquidation by borrowing a synthetic version of the amount you deposit. With Alchemix, you can spend and save at the same time and borrow up to 50% of your deposited collateral. Alchemix is the first same-asset loan […]
What is Compound Finance? June 16, 2020, was a pivotal day in the world of decentralized finance (DeFi): Compound Finance launched its ($COMP) governance token and sent the crypto world into a state of exhilaration. Only a single day of trading was enough for $COMP to become the leader of the DeFi ecosystem, toppling down […]
Brief History of MakerDAO Lending and borrowing have always been widely used features and use cases of every asset class. However, cryptocurrencies as a new asset class were for long regarded as too volatile, and their price movement too excessive for them to be used for credit operations. Once a comprehensive global market of crypto […]
YouHodler Crypto Loans Review YouHodler is an EU and Swiss-based company focused on crypto-backed lending and savings. YouHodler provides loans to help users capitalize on market volatility, delivering TradFi services to crypto users, thus bridging the gap between the fiat and crypto worlds. Since its launch in 2018, YouHodler has enjoyed great popularity, likely because of […]
As the global cryptocurrency community grows, more and more coin investors are beginning to actively use crypto lending platforms as part of their daily investment activities. This makes sense, as it is not hard to see the benefits of platforms that offer lending services, usually along with interest-earning accounts, especially if the providers offer reasonable […]