🏧Lending & Borrowing

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In essence, the lending/borrowing concept is basically an application of "low interest lending". It can be said that defi lending is an integration between traditional lending and the advantages of decentralized finance. It is a lending platform that aims to provide crypto loans in a trustless way i.e. without intermediaries and allows users to use their crypto currency for the purpose of borrowing and paying with interest capacity.

Borrowers can directly get a loan through a decentralized platform known as P2P lending. At the same time the protocol allows the lender to collect interest. Out of all the decentralized applications (DApps), Defi has the highest loan growth rate and is the most popular contributor to crypto-asset locking.

GALAXY DAPP provides this service for the purpose of expanding the Galaxy Finance ecosystem comprehensively. As soon as the loan is approved, the lender will submit an offer through an electronic contract. In addition, through the rules describing credit policy, Defi lending also ensures consistency in lending decisions.