DeFi lending refers to decentralized finance platforms that allow individuals to lend and borrow assets without traditional intermediaries like banks. Users can participate by using their crypto holdings as collateral to secure loans or by providing assets to earn interest.Lenders supply funds to a liquidity pool, and borrowers can access these funds by locking up collateral. Interest rates are often determined algorithmically based on supply and demand. This process is facilitated by smart contracts, which automate transactions and ensure transparency.One of the main advantages of DeFi lending is that it enables greater accessibility. Anyone with an internet connection can participate, and there are no credit checks involved. However, this lack of regulation carries risks, such as smart contract vulnerabilities and the potential for loss of funds due to market fluctuations.Overall, DeFi lending combines the principles of traditional lending with blockchain technology, offering a new way for users to manage and leverage their assets.