Lending pool
Introduction
Do you want to earn by providing help to someone? Like third party and get profits when you sit on your couch.
Have been telling people about lending pools but most thought it’s all wastes of time and they show no interests.
Meaning
What’s is lending pool? To my own understanding lending pool is the act of lending your funds out to help third parties needy and earns daily income.
Lending pool is so sweet that, you can lend out and also get help. They’re supply asset and borrow assets.
Supply assets. These are the asset you owns in your wallets. Like investing on Bitcoin (Btc), Ethereum (Eth) and so many other crypto coin. Most of us, its not convenient trading our coins to just minus issues. Most time we are on losing path for trading our coins, when the market violation is not on our favors. Instead! We can apply for lending pool by giving our asset to supply and gives to others in which we sit back and waited for our incomes.
Borrow asset: we can borrow either on flats currency or Crypto coin.
Its depends on what we are borrowing it for. With a little interest rates, on any amount we were loaned. without you supplying, you can’t apply to borrow assets. Your borrowing chance depends on the amount you supply.
Its seems not satisfactory to you right? Okay I will explain more. It helps you hold onto your assets without disturbing it daily incomes and let me be kinder to you! let says the market violations is at your own favorable side-lines. That will put more interest on your income on liquidity rates and your coins value we be on high rates. Can you see why it so good to apply for lending pools to keep yourself going higher in the crypto world’s.
Recommendation
Though I really don’t know about other wallets that may allows lending pools but I recommends Remitano wallet for easy accessibility.
OLAMIDOTUN (XOXO)
