Crypto lending and borrowing

Lending and borrowing..

You can use your crypto assets to get passive income through lending and borrowing as opposed to merely keeping them in your wallet and waiting for a large spike. Borrowers and lenders must cooperate in order for cryptocurrency lending to take place. Users can lend cryptocurrency to others using this method and receive annual yields in exchange. Additionally, users can use their digital assets as collateral to borrow money at a specified interest rate, unlocking the value of their assets. Either a centralised cryptocurrency exchange or a decentralised lending application can be used for cryptocurrency lending.These decentralised lending protocols enable users to borrow cryptocurrency regardless of their location and do away with the requirement for credit checks in decentralised finance. To protect themselves from market instability, several decentralised lending systems enable borrowers to switch between fixed and variable interest rates. Compound Finance, Curve Finance, Balancer, MakerDAO, UniSwap, and 0vix Protocol, which makes use of the variable interest rate mechanism, are a few examples of decentralised lending systems.

Bulbapp

Here's another method to make money. Many social media networks powered by blockchain offer users their own native coin as payment for curating and creating content. The Bulb App is a prime example of such blockchain-based social media. You can get money by contributing to community-created content by writing, commenting, and other actions.