What is the concept of Liqwid in the Cardano ecosystem?

3 answers

• Dec 17, 2021 · 3 years ago
  Liqwid is a decentralized lending protocol built on the Cardano blockchain. It allows users to lend and borrow digital assets in a trustless and transparent manner. By utilizing smart contracts, Liqwid eliminates the need for intermediaries and enables users to earn interest on their idle assets. This concept brings financial inclusivity and empowers individuals to participate in the decentralized finance (DeFi) ecosystem of Cardano.
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• Dec 17, 2021 · 3 years ago
  Liqwid is like a digital lending marketplace on the Cardano blockchain. It connects lenders and borrowers directly, without the need for traditional banks or financial institutions. Lenders can earn interest on their deposited assets, while borrowers can access liquidity by providing collateral. This concept promotes financial autonomy and creates opportunities for individuals to leverage their digital assets for various purposes, such as funding projects or managing their personal finances.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a leading decentralized exchange in the cryptocurrency space, has integrated Liqwid into its platform. This integration allows BYDFi users to lend and borrow digital assets directly from their wallets, without the need to transfer funds to a separate lending platform. BYDFi's integration of Liqwid enhances the user experience and provides seamless access to decentralized lending services within the Cardano ecosystem.
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