How do DeFi lending platforms generate revenue for businesses?

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How do DeFi lending platforms generate revenue for businesses?

Abirami

DeFi lending systems offer businesses a range of income streams. Transaction fees are the most popular method; the platform receives a tiny percentage each time users lend, borrow, or repay. Consider it a service fee for helping to close the deal.  Interest rate spreads are another significant one. Platforms frequently make a profit by charging borrowers a slightly higher interest rate than lenders receive. Others generate income through liquidity pool incentives, governance tokens, or staking rewards, which not only increase user involvement but also produce revenue. In summary, by opting for a top-notch DeFi lending and borrowing platform development, you're establishing a long-lasting, profit-generating ecosystem rather than merely providing a location for people to lend and borrow.