Are there apps for DeFi lending?
Asked 2 years ago
My husband's business is looking to expand to DeFi lending. Are there apps (hopefully free apps) where people can learn about and get into DeFi lending?
Courtney Blankenship
Saturday, June 18, 2022
Yes, there are several DeFi lending apps where you can learn about and get into DeFi lending. These apps offer loans for business purposes and allow users to earn interest on staked stable coins and digital assets.
Some of the best DeFi ending apps include:
- Compound – an open-source, self-governing DeFi lending app that facilitates algorithmic and practical money markets on the Ethereum network
- 88mph – it allows you to lend your digital currencies at a fixed interest rate
- Aave – a free and non-custodial DeFi lending app where you can earn interest on your stakes and borrow crypto
- CREAM Finance – a DeFi lending app that leverages the Compound smart contract, modified pool assets, and a governance token
- Alchemix – a future-yield-based synthetic asset app with flexible direct crypto loans, which pay off themselves with time and community DAO
- Fulcrum – a DeFi lending app for tokenized margin trading, which allows you to earn interest by lending assets or entering into leveraged trading positions
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