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DeFi lending protocols offer loan services. These solutions normally come in one of two varieties. With poolbased lending protocols interested individuals provide liquidity or funds to a pool that others can borrow from. Users putting their assets into the pool can earn interestlike income in return. With peer-to-peer based lending, individuals borrow directly from a particular lender. In this case, decentralized lending protocols enable borrowers to take out loans with minimum barriers. Major DeFi lending protocols include Aave, Maker and Compound.

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