Top 5 Crypto-Backed Lending Platforms

1. Binance Binance Loans, a titan in crypto finance, lets users earn or borrow against holdings like Bitcoin and Ethereum.

2. Nexo Nexo combines robust security with user-friendly design. Daily payouts & loyalty rewards attract over 5 mil users, offering up to 12% APY on stablecoins.

3. Aave Aave disrupts finance with trustless lending via Ethereum smart contracts. Users deposit into liquidity pools, earning variable rates or experimenting with flash loans.

4. Compound Compound automates lending, letting users “set & forget” assets like USDC. COMP token rewards sweeten deals, though yields hover below centralised rivals.

5. YouHodler YouHodler entices risk-takers with 90% loan-to-value ratios and 12% APY on stablecoins. Over 40 cryptos serve as collateral, approved instantly.