What is Crypto Lending? Listen to the Explanation!

Hola Vicigers, this time we will review what crypto lending is. So, all crypto enthusiasts can find out.

As is known, crypto assets have many uses. Apart from buying and selling the same crypto assets, you can also swap them into other crypto assets.

Apart from that, you can also take advantage of the staking feature on your crypto assets.

The presence of all these features is of course in order to be able to provide options for crypto investors to utilize the assets they have.

Well, another feature that exists in the world of cryptocurrency and which we will discuss this time is crypto lending.

Let's see the explanation!

Also read: VCG Token Can Become Collateral for Other Crypto Asset Loans

What is Crypto Lending?

The development of the cryptocurrency world has continued to occur over the past few years. This is also in line with the growth in the number of crypto investors.

From the crypto developer side, they continue to provide services to crypto investors around the world. This can be seen from the presence of various features that can be used by crypto investors. One of them is Crypto Lending.

Quoted from the page cointmarketcap.com, this feature has started to rise in popularity since 2020. To be precise, when the world was in the middle of a pandemic.

At that time, not a few people were trying to find ways to make their crypto assets work.

Crypto lending allows investors to get just that. Because by doing these activities they can get interest from the assets they lend.

Or, they can also get a number of crypto assets just by pledging the assets they have.

There are several benefits that can be obtained when you do these activities besides interest.

Also read: Understanding Bullish Divergence in the Crypto World

Crypto Lending Advantages

There are several advantages and disadvantages that you can get when borrowing crypto assets. Here are the details:

• Easily Accessible: Crypto loans will be highly accessible and not dependent on credit check results.
• Anyone Can Apply for a Loan: By using this feature anyone who has crypto assets can apply for a loan.
• Instant Process: Crypto loans just don't take long. You can process the loan in a fast time.
• Any Currency: You can borrow crypto assets and withdraw according to the currency in your location or foreign currency.
• Low Interest Rates: The interest rates offered when you borrow crypto assets are lower than some other loans.
• Recorded on the Blockchain: We all know that all transactions in cryptocurrency are recorded on the blockchain. Later, these loans will also be recorded on the Blockchain.

Also read: VCGamers Invites Other Crypto Token Projects to Join Staking Partnership

VCG Token Crypto Loans

All crypto investors can borrow VCG Tokens easily. This can be done following the collaboration between VCGamers x Nusa.

This collaboration gave birth to a new utility for VCG Token, a crypto asset from VCGamers. 

Where, all holders of Crypto Tokens that have been listed on Indodax, Pancakeswap, Uniswap and Bitmart can guarantee their assets to borrow the same or different crypto assets.

As it is known that Nusa is a platform that provides Web3 services. There are a number of services available on Nusa. Among them are trade, swap, liquidity providers, farms, and loan markets.

Also read: VCGamers Launchpad Officially Launches, Game Release Made Easier!

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