Terenval Crypto Glossary · Русская версия
Lending protocol
Definition: A lending protocol is a DeFi smart-contract system that allows users to supply assets for lending and, under defined rules, lets borrowers take loans against collateral or other mechanisms.
Interest rates, collateral factors and liquidation conditions are determined by the protocol and market state.
How this concept appears in Terenval Wallet
Terenval can be used as a signing wallet with compatible lending dApps, while loan accounting and risk remain inside the external protocol.
Important: Supplying or borrowing assets can expose users to liquidation, oracle, smart-contract and liquidity risk.
Try Terenval Wallet
A non-custodial mobile wallet with WalletConnect for compatible dApps.
Install Terenval WalletA non-custodial mobile wallet with WalletConnect for compatible dApps.
Related terms
Related Terenval Answers
- How to Secure a Non-Custodial Crypto Wallet
- How to Send Crypto Safely Between Wallets
- Can One Crypto Wallet Manage Multiple Blockchains?
Sources and review
Terenval product statements are first-party information.