Crypto News

FilDA, Top Lending Platform of HECO, Redefines Decentralized Finance

Decentralized finance (DeFi) has developed rapidly and become one of the important trends of crypto digital currency in 2021. Currently, DeFi mainly focuses on lending, DEX transactions, synthetic assets and financial insurance. However, there has always been a huge market demand for lending, and decentralized lending has experienced explosive growth after its feasibility was verified by MakerDAO, AAVE and Compound. The total lock-in amount of loan agreement in the whole network has soared by nearly 50 times from 530 million US dollars at the beginning of April last year to over 25 billion US dollars now.

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