How does XRP lending work and what are the potential risks involved?

1 answers

• Dec 18, 2021 · 3 years ago
  XRP lending is a popular way for individuals to earn passive income with their XRP holdings. It works by lending out XRP to borrowers who need it, and in return, the lenders receive interest on their lent XRP. The lending process is usually done through lending platforms or decentralized finance (DeFi) protocols. However, it's important to understand the potential risks involved in XRP lending. These risks include the borrower's defaulting on the loan, the volatility of XRP's price, and the security of the lending platform. It's crucial for lenders to do thorough research and choose reputable platforms to minimize these risks.
  634317