What Does “Coin Lending” Mean (Cryptocurrency Lending Projects)
What does \”coin lending\” mean? What does \”coin lending\” mean?In the field of Bit
What does “coin lending” mean? What does “coin lending” mean?
In the field of Bitcoin, Vitalik Buterin, the founder of Ethereum, believes that cryptocurrencies are a “digital gold” that can be used to hedge against inflation. From an economic perspective, both of these currencies belong to the same store of value. If Bitcoin has a fixed price like gold, then Bitcoin would be worthless. So we understand it as “coin lending.” However, the actual term “coin lending” is quite simple, as its meaning is much larger and it is also convenient to use. (Note: In English, “coin lending” refers to a way of transferring funds through a bank to another account to earn interest income)
Cryptocurrency Lending Projects
Cryptocurrency lending projects mainly fall into two categories: centralized platforms that implement borrowing through smart contracts, and systems based on public chains that utilize smart contracts for collateral loans, leveraged mining, and other operations. The third type is lending protocols, where users can lend their own funds on the platform without bearing the risk themselves. The last one is stablecoins.
According to statistics, the top ten cryptocurrencies in terms of market value currently include BTC, ETH, and DOT. It is worth noting that these currencies have not issued tokens.
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