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DeFi Inflows Doubled in 2019

Published 11/13/2019, 09:59 AM
Updated 11/13/2019, 11:01 AM
 DeFi Inflows Doubled in 2019

DeFi is a growth sector in 2019, and funds held in various schemes have doubled in 2019. Despite the lack of regulations, using Ethereum (ETH) as collateral has changed the crypto landscape.

DeFi Pulse tracks the clear trend in expanding crypto lending. Beyond the absolute growth of funds, the last few months saw even faster inflows.

https://twitter.com/defipulse/status/1193622415496163329

Crypto lending started off a few years ago, with rock-bottom lending rates of 0.5% for Maker DAO. Later, skepticism brough interest rates to above 20%, with the fear of a mass exodus and liquidations.

Now, trust is back and more than 1.793 million ETH is locked w...

This article appeared first on Cryptovest

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