Building a Decentralized Lending Platform Using ERC20
The world of decentralized finance (DeFi) has transformed how we think about financial systems, breaking the boundaries of traditional banking by enabling peer-to-peer transactions without intermediaries. One of the key components of DeFi is decentralized lending platforms, where users can lend and borrow digital assets directly through smart contracts. These platforms eliminate the need for middlemen and offer faster, cheaper, and more secure alternatives to traditional loans. In this blog, we’ll explore how to build a decentralized lending platform using ERC20, the standard for creating tokens on Ethereum. You’ll learn how smart contracts work behind the scenes to manage loans,…