The Lend & Borrow feature in PalWallet connects investors who want to lend their cryptocurrency with borrowers seeking crypto loans on a decentralized platform. Lenders can earn up to 17% annual interest, which is paid out daily.
What are the benefits for investors using the Lend & Borrow feature?
Investors benefit by earning competitive annual interest rates up to 17% on their lent crypto assets. The interest is paid out daily, providing a steady income stream from their digital assets.
Are there risks involved in lending my crypto through PalWallet?
As with all digital asset lending platforms, lending crypto involves certain risks, including market volatility and the risk of borrower default. PalWallet implements several measures to mitigate these risks, but investors should perform their due diligence and consider their risk tolerance.