The latest development in DeFi is the rise of lending protocols. These platforms allow users to lend and borrow cryptocurrencies, providing a new way to generate passive income. For example, Compound has seen massive growth, with over $100 million in total value locked. With more protocols emerging, it's an exciting time for DeFi enthusiasts.

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Compound's success is a testament to the potential of DeFi lending protocols. With more platforms emerging, it's crucial to research and understand the risks and rewards before investing.