#OnChainLendingSurg
Cryptocurrency on-chain lending:
refers to the process of borrowing and lending crypto currencies directly on a blockchain network without the need for intermediaries like banks. It operates through smart contracts, which are self-executing programs stored on the blockchain.
Key aspects of on-chain lending:
* Decentralization: Transactions are directly between lenders and borrowers, eliminating the need for intermediaries.
* Transparency: All transactions are recorded on the blockchain, making them publicly auditable.
* Efficiency: Smart contracts automate the lending process, reducing transaction times and costs.
* Accessibility: Anyone with an internet connection and a cryptocurrency wallet can participate in on-chain lending
