Imagine you want to lend money and you have an history with banks or you are a freelance, so you dont have a long term working contract, and you wanna borrow some money.
Given your current situation described above, it is very unlikely that any bank will lend you the money you need. And that's where DeFi lending enters the discussion.
If you hold #bitcoin (BTC) or #Ethereum (ETH), you can use them as collaterals on exchanges like Binance to borrow stablecoins like USDC or USDT. But what technology is behind this online decentralized lending which solely focus on the value of your collateral and not if you are a punk artist freelancing ?
