‘Magic Internet Money? The Banks Are Currently Doing That!’ Says LEND Finance

Here it from Mr. Ten of LEND Finance: Do banks feel threatened by crypto?

LEND Finance Speaks with BSC News

Do you ever hear of people calling cryptocurrencies fake money or even more specifically: magic internet money? Well, you might be surprised to know how the US Federal Reserve and fractional banking work.

BSC News sat down with Mr. Ten from LEND Finance as well as TENFinance and host Tom asked Mr. Ten if he believes banks and the traditional finance system feel threatened by the cryptocurrency industry.

Watch the video below to hear Mr. Ten’s answer!

What is LEND:

LEND is a multi-chain lending platform from TEN Finance. Users can deposit their crypto assets and earn interest or use them as collateral to borrow tokens. LEND will establish pools of algorithmically derived and competitive interest rate models based on the current supply and demand of each respective asset. Suppliers and Borrowers of assets interact directly with the protocol in earning and paying a floating interest rate. This is all done without the need to negotiate terms of maturity, interest rate, or collateral with any peer or counterparty.

Where to find LEND:

Website | Twitter | Telegram |

What is Ten Finance:

Ten Finance is a yield aggregator/optimizer that makes staking and yield farming easy with the most liquid BNB Chain liquidity pools available. The protocol ensures that users are exposed to the most robust yield farming environment on the DeFi market while providing security, sustainability, longevity, and simplicity. In short, Ten Finance is simplified decentralized finance.

Where to find Ten Finance:

Website | Twitter | Telegram |

Source : bsc.news

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