How does Defi Lending Work?

As organizations started experimenting with Blockchain’s potential, the financial sector has also presented the need to build blockchain-based fintech applications. By covering almost all the financial services from online payments to cryptocurrency trading and storage, Blockchain is set to transform the traditional finance system. With the emergence of Defi (Decentralized Finance), Blockchain has grown to be even stronger.

With lots of excitement generated already in the market, Defi has kept powering ahead and attracted an impressive capital amount since 2020. According to Defi-Pulse, the Total Value Locked (TVL) in Defi protocols is at $20.46 billion today, up from less than $1 billion a year ago. The focus point here is that Defi has grown more than twenty folds in a year, clearly indicating the amount of popularity Defi has surged.

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HOW DOES CLOUD COMPUTING IMPACT HEALTHCARE INDUSTRY?

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