The world of DeFi is abuzz with the rise of decentralized lending platforms. These platforms offer users a way to borrow and lend cryptocurrencies without intermediaries, providing greater control and flexibility. But with the benefits come risks, including liquidity issues and counterparty risk. As an investor, it's essential to carefully evaluate the platform's terms and conditions before lending or borrowing.

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Carefully assessing the platform's risk management strategies and liquidity reserves is crucial when considering decentralized lending platforms.