• You deposit 10,000 USDC • Goes into lending pool • Traders borrow it for leverage • They pay interest • You earn that interest • Withdraw anytime On a 30% apy, you will be making $250/month
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
This is how lending works in DeFi:
• You deposit 10,000 USDC
• Goes into lending pool
• Traders borrow it for leverage
• They pay interest
• You earn that interest
• Withdraw anytime
On a 30% apy, you will be making $250/month