Lending protocols are decentralizedDecentralization, an aspect of blockchain technology, facilitates power or authority distribution among individuals, groups, or institutions. A decentralized structure allows... applications that allow users to lend and borrow digital assetsDigital assets are items of value that can be stored and traded electronically, including cryptocurrencies, tokens, smart contracts, and other... in a peer-to-peer fashion. Lenders earn interest on deposited funds, while borrowers can access capital without going through traditional financial institutions.