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DeFi (Decentralized finance) lending/borrowing platforms aim to offer crypto loans without intermediaries. These platforms enable users to enlist their crypto coins on the platform for lending and borrowing through smart contracts.
There are multiple DeFi protocols from which the customer can choose to borrow. Cion Digital brings to the loan marketplace several options starting from AAVE and helps users select the one that best suits their purpose.
The Cion Digital platform also removes the complexity of borrowing from the DeFi protocols. Cion Digital enables BTC and other non-ETH cryptos to be pledged, which is not directly possible through smart contracts-based borrowings.