Cosmos-based DeFi lending protocol Nolus joins Cointelegraph Accelerator

Crypto lending has change into an important a part of decentralized finance (DeFi), permitting individuals to lend and borrow digital belongings through particularly designed protocols. With crypto lending, customers can lock their crypto belongings as collateral after which borrow a fiat or stablecoin mortgage. As an alternative of conventional intermediaries, like banks and credit score unions, DeFi lending protocols function straight on a blockchain. Sensible contracts facilitate every mortgage or borrowing, and on-chain provide and demand resolve the rates of interest.

Studies anticipate a $231 billion DeFi market by 2030, with lending protocols being a key factor driving the expansion. In response to a CoinGecko analysis report, lending has greater than an 11% market share within the DeFi ecosystem, and it stands as one of many 5 greatest DeFi sectors. Customers flock to DeFi lending protocols to keep away from straight promoting their crypto holdings, which they anticipate to extend in worth.

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