What are the most popular decentralized crypto lending protocols?

Some of the most popular decentralized crypto lending protocols include: In crypto, yield farming refers to the compostability of dApps - which is a bit of a mouthful so let’s break it down with an example. You want to earn passive income from your crypto, so you decide to stake your ETH using a decentralized protocol Lido.

What is a crypto based savings account?

In a normal savings account, the money is yours, full stop. In crypto-based savings accounts, your crypto keys are lent out to other people who can use the crypto for a certain period of time. In exchange, the borrower promises to pay you interest on the crypto that you lend them. Yields on cryptocurrencies range from about 4% to 8% or more.

How to earn interest on crypto?

For centralized lending platforms, you’ll find most lending products in the ‘earn’ sections and they may even cross over with the interest-bearing platforms we’ve mentioned already as lending is one of the most common ways to earn interest on your crypto.

Is Ledn a good crypto savings account?

Ledn is a crypto-lending platform that brands itself as a crypto savings account. It has a few different options for earning interest on your cryptocurrency, and it has some promising rates. Right now, you can get up to 10.00% on USDC and up to 3% on BTC. Read our full Ledn review here. Crypto Savings Accounts Vs. Regular Savings Accounts

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