VALR, the leading cryptocurrency exchange in Africa, has announced the launch of DeFi lending, providing users access to decentralized finance opportunities.
What is DeFi Lending?
DeFi lending allows users to earn on their crypto assets by lending them to participants in decentralized finance protocols. VALR implements this option on its platform using Aave, one of the largest liquidity protocols known for its transparency and security.
Advantages of VALR's New Service
VALR's DeFi lending service enables users to easily manage their lending positions. Users can unlock funds, add to positions, and view detailed interest histories. The lending process is swift, enhancing user convenience.
Planned Functional Expansion
Currently, the service is available through the VALR website, but it will soon be integrated into the company's mobile app. This expansion aims to increase accessibility and simplify the use of DeFi opportunities for all customers.
With the launch of DeFi lending, VALR strengthens its position in the African cryptocurrency market by providing users with new earning opportunities on crypto assets. This is a step towards simplifying financial access and enhancing user experience.
