Fringe Finance Making the DeFi Space Inclusive by Simplifying Crypto Lending & Borrowing

The digital assets industry has been successful at attracting a record number of users within a short time. If we look at the numbers, we will see just how phenomenal the growth has been in the digital assets industry. Currently, the number of crypto holders hovers around 300 million. The DeFi space has grown from a mere 26000 users in April 2020 to a record 4.3 million-plus users today. DeFi users are on a bull run. (Image Source) Now, the question is: How was the crypto industry able to achieve such massive growth? The answer is that, when it comes to the most lucrative investment options available in the market today, DeFi and the crypto space, in general, will come out on top. The Lack of Borrowing Options for Holders of Smaller Market Cap Coins Do all these 300 million users own only the most popular coins, the numero uno coins of the crypto world, like Bitcoin, Ethereum, Binance Coin, etc? Of course not! Many of these users also hold cryptocurrencies with far smaller market caps. The reason why a large number of users own new coins with small market caps is that they are even more volatile than their larger counterparts, which means a huge upside potential. However, there is one caveat when holding onto coins that have a smaller cap. Holders of such coins have few to no options to obtain funds by lending their coins, as there are no takers for them. The likes of Nexo, BlockFi, Celsius, among others, do not lend funds on ...