5 peer-to-peer (P2P) lending platforms for borrowers and lenders
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Peer-to-peer (P2P) lending, which links borrowers and investors directly, has become a well-liked substitute for traditional banking.
dYdX
The decentralized derivatives trading platform dYdX also provides borrowing and lending features. Borrowers can trade on the site and borrow additional assets using their digital assets as collateral. Investors can lend borrowers their assets while earning interest on their deposits.
Users have freedom and leverage when trading thanks to dYdX’s lending and borrowing options. The platform, which supports various assets and marketplaces, runs on the Ethereum blockchain.
Fulcrum
On the Ethereum blockchain, Fulcrum is a decentralized lending and margin trading platform powered by bZx. Investors can lend their assets and receive interest on their deposits, while borrowers can pledge their assets as security and obtain extra credit.
Related: Margin trading vs. futures: What are the differences?
Users can effectively manage their holdings thanks to the seamless integration of Fulcrum’s lending and trading services. Through the use of its native token, which enables users to vote on protocol updates and parameters, the platform also uses decentralized governance.
