How DeFi Lending Works
A plain explanation of DeFi lending mechanics: how liquidity pools, collateral, and interest rates work without a bank in the middle.
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Plain-language explanations of crypto lending mechanics and risks, without protocol promotion or price speculation.
A plain explanation of DeFi lending mechanics: how liquidity pools, collateral, and interest rates work without a bank in the middle.
Read guideHow NFT-backed loans let you borrow against an NFT without selling it, and what can go wrong.
Read guideThe real difference between overcollateralized and undercollateralized crypto loans, and why almost all DeFi lending uses the first model.
Read guideA clear-eyed look at what can actually go wrong on a crypto lending platform, beyond the basic mechanics.
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