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DeFi loans let you make passive income simply by holding—let’s review how it works!"
"Welcome to Yield Prestige! Today, we’re diving into DeFi lending and how you can earn interest with your crypto assets. DeFi loans let you make passive income simply by holding—let’s review how it works!"
1. What is DeFi Lending?
"Think of DeFi lending as a savings account for crypto. Platforms like Aave, Compound, and MakerDAO allow you to lend out your assets, earning interest managed by smart contracts instead of banks. This approach brings higher returns and more transparency!"
2. Platform Types: Centralized vs. Decentralized
"Centralized options, like BlockFi or Nexo, handle security for you. Decentralized platforms like Aave or Compound put control in your hands through smart contracts. Pick what best suits you: ease with centralized or more control with decentralized."
3. Profit Potential & Rates
"Rates can vary: stablecoins on platforms like Compound often yield around 6-10%, while volatile assets can bring in more. Remember, returns depend on the platform and market demand."
"That’s a quick look at earning through DeFi lending! If you’re exploring DeFi, like and subscribe for more tips to make your crypto work smarter. Drop a comment if you’re already lending!"
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