Lending crypto-assets has been one of the most explosive sub-sectors of the cryptocurrency industry. Since the market downturn in December of 2017, we have seen huge growth among lending platforms which lend fiat to borrowers who use crypto-assets as collateral.
DeFi has taken the Ethereum world by storm
Crypto-asset lending has been a sub-sector of the overall crypto markets which has been quietly growing in the shadows for the last few years. Initially, the crypto-asset lending industry began with centralized lending services such as Celsius Network and Block-Fi, which did garner attention from their initial success. To date, Celsius Network has reported over $4 billion USD in loans.
However, the hype and attention surrounding Decentralized Finance (DeFi), and the growth of several major lending platforms under the DeFi umbrella on…
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