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RiFi DeFi Lending & Borrowing
Decentralized Finance lending and borrowing offers the ability to deposit crypto assets into lending pools and earn a yield - this is the lend aspect, and further allows the depositor to leverage that asset as collateral to borrow another cryptocurrency - this is the borrowing aspect.
No. The protocol has no minimum deposits or withdrawals.
Both APR and APY are used to calculate interest. APR reflects the simple interest rate over a year’s time, while APY describes the rate with the effect of compounding or the interest on interest. Both APR and APY may also incorporate any relevant fees, such as loan origination or other processing fees.