Lending and Borrowing

Traditional financial systems require users to have bank accounts to
utilize their services, a luxury that 1.7 billion people currently do not
have. Borrowing from banks comes with other restrictions, such as
having a good credit score and having sufficient collateral to convince
the banks that one is credit-worthy and able to repay a loan.
Decentralized lending and borrowing remove this barrier, allowing
anyone to collateralize their digital assets and use this to obtain loans.
One can also earn a yield on their assets and participate in the lending
market by contributing to lending pools and earning interest on these
assets. With decentralized lending and borrowing, there is no need for
a bank account nor checking for credit-worthiness.