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When it comes to Decentralized Finance (DeFi) lending applications, all of them are permissionless where every individual has access to utilizing protocols and making the complete process simpler, unlike the traditional lending model which accompanies a tedious and complicated process. Besides that, DeFi platforms rely on blockchain that supports smart contracts which simply removes the involvement of any central authority and therefore eliminates the scope of any flaws. In DeFi crypto lending platform development, users gain complete control over their digital assets while further enjoying other benefits that include complete security, control, and ownership of the assets at all times.

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