Blockchain lending refers to the process of borrowing and lending funds using blockchain technology. This approach often eliminates traditional intermediaries, allowing users to engage directly in lending activities.In this model, borrowers can secure loans by providing collateral in the form of cryptocurrency. Smart contracts, which are self-executing agreements with the terms directly written into code, manage the lending process. These contracts ensure that collateral is automatically locked until the loan is repaid, providing security for lenders.Lenders earn interest on their funds by providing loans to borrowers. This setup can be more efficient and transparent than traditional lending, as transactions are recorded on a blockchain, making it easier to track and verify. Additionally, the decentralized nature of blockchain allows for faster processing times and often lower fees.Overall, blockchain lending creates new opportunities for individuals to access funds and earn returns on their assets, while also reducing reliance on traditional banks and financial institutions.