Buy Биткоин BTC
Bitcoin (BTC)
loading..
Buy Эфир ETH
Ethereum (ETH)
loading..
Buy BNB
BNB (BNB)
loading..
Buy Ripple XRP
Ripple (XRP)
loading..
Buy Tron TRX
Tron (TRX)
loading..
Buy Polygon Matik
Polygon (POL)
loading..
Buy Solana SOL
Solana (SOL)
loading..
Buy Dogecoin DOGE
Dogecoin (DOGE)
loading..
Buy Avalanche AVAX
Avalanche (AVAX)
loading..
Buy Cardano ADA
Cardano (ADA)
loading..
Buy Polkadot DOT
Polkadot (DOT)
loading..
Buy Syscoin SYS
Syscoin (SYS)
loading..

What is Lending Pool?

Crypto Terms Glossary: What is Lending Pool?

Lending pools are a type of liquidity pool designed to facilitate peer-to-peer (P2P) lending. When borrowing from a lending pool, users must provide ample asset collateralization. For example, if the collateralization ratio to borrow against USD coin (USDC) is 200%, and the user supplies $1,000 USDC, the user would be unable to borrow more than $500 USD. In turn, users who lend their assets are rewarded with a certain percentage of the total amount they lent. Smart contracts automate the lending and borrowing process with different predefined lending rates depending on the assets and protocols involved.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Press Releases: Coinomi Wallet Celebrates 10 Years with Renewed Vision and Leadership
Coinomi, a trusted leader in secure, multi-chain cryptocurrency wallets since 2014, proudly marks its 10th anniversary with a renewed commitment to privacy, user empowerment, and..
Press Releases: Gate.io Launches $50M Fund to Boost the Meme Ecosystem
Gate.io has announced the establishment of the MEME Gateway Grant, a $50M initiative in collaboration with major blockchain networks and their ecosystem funds..
Press Releases: Haven1 Secures $4.6m in Private Round, Backed by Industry Giants
Haven1, the first EVM multi-app blockchain, has successfully secured $4.6 million in a private funding round with investments from Animoca Brands, KuCoin Ventures, Taisu Ventures, Kronos..
Press Releases: GT Breaks 13.329 USDT, Hits Historic High! Exclusive Airdrops and Staking Benefits Await Holders
Recently, the cryptocurrency market has been experiencing continued bullish momentum, significantly contributing to the rise in overall market capitalization. Among the standout performers..
Loading..