Crypto-based lending expanded in 2019, making up one of the most significant pieces of decentralized finance, noted Messari Crypto. Platforms proliferated, lending out assets for various uses. In the case of Maker, the lending created the DAI stablecoin. Other types of lending rely on directly giving access to assets to be used in derivative trading.
Bitcoin (BTC) remained among the leading coins participating in lending activities, despite the fact that Ethereum (ETH) is one of the best-used platforms for DeFi. In the second half of the year, some of the crypto schemes also started using fiat directly.