One of the most well-liked categories of DeFi Development applications is the distribution of decentralised loans using open lending protocols. The idea is the same as in conventional institutions, with the significant exception that smart contracts have taken the position of intermediaries. Currently, there are two types of loans in DeFi: secured (with collateral) and flash loans (without collateral). In this first post I will focus on secured loans, which are those in which collateral in the form of cryptocurrency is needed to carry out the operation.
The first thing that stands out is the large number of platforms that allow these loans to be granted, even though it is a very recent ecosystem. After surfing the net, I discovered that the top three are Maker , Compound Finance and Aave . According to Dune Analytics , a platform that analyzes data from applications made on Ethereum, on May 30, Maker had a total of $6.8.823 million in deposits locked as collateral. Compound Finance, $10,268 million and Aave $13,934 million.
The first thing that stands out is the large number of platforms that allow these loans to be granted, even though it is a very recent ecosystem. After surfing the net, I discovered that the top three are Maker , Compound Finance and Aave . According to Dune Analytics , a platform that analyzes data from applications made on Ethereum, on May 30, Maker had a total of $6.8.823 million in deposits locked as collateral. Compound Finance, $10,268 million and Aave $13,934 million.
