DeFi, or decentralized financial services, has radically transformed the lending market. Unlike traditional banking systems, which require intermediaries, DeFi offers direct financial transactions between borrowers and lenders through smart contracts. This eliminates bureaucratic procedures, reduces costs, and increases accessibility. Collateral requirements have also become more flexible, and interest rates are more competitive. The entire process becomes transparent, which increases users' trust in these platforms and expands opportunities for investors and borrowers worldwide.
1/28/2025 3:30:24 PM (GMT+1)
How DeFi Changed Traditional Lending?


This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.