Crypto lending: the top DeFi platforms in 2021
Holding your crypto idle in a wallet is just like hiding your money under a mattress. When you deposit your money in a bank, it generates interest. You can do the same with your crypto.
What you need is a wallet and some collateral on a decentralized lending platform. Sounds easy, doesn’t it?
However, with the expansion of the DeFi ecosystem, selecting the right service can be a hard nut to crack as there are many options to choose from.
You can get started with the top 3 crypto lending services in 2021, here are our picks:
🏆 Aave — the pioneer of crypto lending
➢ Mostly decentralized
➢ Multichain — Ethereum, Polygon, Avalanche
➢ aTokens + AAVE
➢ Democratized Flash Loans
🏆 Compound — advanced tokenization
➢ Mostly centralized
➢ Single-chain — Ethereum
➢ cTokens + COMP
➢ Lower annual yields than Aave
🏆 Liquity — ground-breaking
➢ Fully decentralized
➢ An immutable smart contract
➢ Interest- and governance-free
➢ Minimum collateral 110%
Looking at all these facts, and putting them together to make the right choice is definitely not easy.
More help to pick the right platform 👇