The Role of Airdrops in Decentralized Lending and Borrowing
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Ongoing, First published Nov 20, 2024
Decentralized finance (DeFi) has disrupted traditional financial services by enabling lending, borrowing, and other financial transactions on the blockchain without intermediaries. At the heart of this revolution are decentralized lending and borrowing platforms, which allow users to lend their crypto assets to earn interest or borrow assets by providing collateral. However, to achieve widespread adoption, these platforms must attract liquidity and active users. This is where airdrops come in. By distributing tokens to users as rewards, decentralized finance platforms are leveraging airdrops to incentivize participation, increase liquidity, and foster user engagement.

In this article, we'll explore the role of airdrops in decentralized lending and borrowing platforms and how they're shaping the future of DeFi.
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