RATE Group | Bitcoin Lending With DeFi And CeFi
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Bitcoin Lending With DeFi And CeFi

03 May Bitcoin Lending With DeFi And CeFi

Posted at 19:04h in Bitcoin News by

UNITED STATES—The cryptocurrency lending world can get a little frustrating at times for Bitcoin holders, who are often left out of the Ethereum-dominated DeFi world.

Whereas Ethereum-based assets are easily lent and borrowed on decentralized platforms like Compound Finance, Bitcoiners have much less utility with their idle holdings.

This is not a dead-end, however, as plenty of options do still exist for Bitcoin holders in both the decentralized and centralized finance space.

So what options exist for bitcoin lending and loans, and how do they work?

Bitcoin in DeFi

Decentralized finance (DeFi) refers to financial services executed entirely on a blockchain.

Rather than depending on a third party such as a bank to facilitate lending and loans, DeFi harnesses the power of smart contracts to automatically hold, transfer and manage these transactions.

Due to Ethereum’s popularity and its ability to execute smart contracts, it has become the primary network on which DeFi…

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