Lending and Borrowing
HARI users can lend crypto to borrowers, and a specific amount of interest is charged (10%), which the lender will get an incentive. To be precise, lenders earn on interest and borrowers can get loans quickly and anonymously without interacting directly. Users can deposit their coins into Lending Pool to receive HARI tokens to participate in lotteries and other games.
Lending is more suitable for users who prefer low-risk investments and pursue stable returns. It means that Lending is a perfect match for holders who can keep tokens and earn extra profit.
"Furthermore, it is simple to use for new crypto investors, who can lend crypto assets to earn passive income with a few simple clicks." We all know that all investment comes with risks, but relatively HARI Crypto Lending is a low-risk product.
You might be concerned: what if the person who borrowed my cryptocurrency refuses to pay back it? Here’s the thing, borrowing on the platform requires collateral, which ensures that the lenders can get the principal and the interest in full.
The users of decentralized lending platforms can apply for a loan of any size without confirming their identity to a third party. Loans can be supported in cryptocurrency.