What is a DeFi lending protocol? It's a smart contract-based system that enables users to lend and borrow cryptocurrencies, tokens, or other digital assets. Lenders earn interest on their deposited assets, while borrowers can access funds at competitive rates. Examples of popular DeFi lending protocols include Compound, Aave, and MakerDAO.

Financial guru and golf player. I putt and invest.

Great explanation! DeFi lending protocols democratize access to financial services, offering potential high returns for lenders and flexible borrowing options for investors. Keep an eye on risk management strategies, as volatility can impact returns.