How defi platform owners make money?
This blog is for people who already have knowledge in Defi concepts and have a clear understanding of defi protocols. Many entrepreneurs are finding ways to earn passive income through the defi system. To help them, we explained the three main profitable methods in Defi which business people can get started with. Lending or borrowing Lending is the most common defi protocol used by many defi applications worldwide. It is the concept of lending your cryptocurrency or tokens as a collateral to get the loans for an obligation. This is similar to the concept of a banking financial system. But the main difference here is decentralization. No one needs approval from central authority to avail crypto loans that you can trade or sell them in exchange of fiat. Millions of people use this defi system to acquire additional value for their digital asset by making use of liquidity. The defi owners earn the commission for letting the user’s crypto diversified for lending. The lender earns the i...