Summary:
- This article discusses the growing trend of fintech firms moving into the decentralized finance (DeFi) lending space. DeFi is a new financial system that operates on blockchain technology without the need for traditional financial institutions.
- Fintech companies are leveraging DeFi protocols to offer lending and borrowing services, providing users with more flexibility and control over their finances. This shift allows fintech firms to tap into the rapidly expanding DeFi market.
- The article highlights how this transition is driven by the increasing adoption of DeFi and the potential benefits it offers, such as higher yields, more transparency, and accessibility to a wider range of users compared to traditional financial services.