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Here are some of the challenges in DeFi Lending platform Development and how to overcome them:

Security: DeFi platforms are built on blockchain technology, which is inherently secure. However, there have been some security breaches in the past. To overcome this challenge, it is important to use secure coding practices and to implement security measures such as two-factor authentication.

Regulation: DeFi platforms are not regulated by any central authority. This can make it difficult to comply with regulations, and it can also make it difficult to resolve disputes. To overcome this challenge, it is important to stay up-to-date on regulations and to work with a legal team to ensure compliance.

Liquidity: DeFi platforms are still in their early stages of development, and liquidity can be a challenge. This means that there may not be enough borrowers or lenders to meet the demand. To overcome this challenge, it is important to build a large user base and to partner with other DeFi platforms.

Complexity: DeFi platforms are complex, and it can be difficult for users to understand how they work. To overcome this challenge, it is important to provide clear and concise documentation and to offer support to users.

By overcoming these challenges, DeFi platforms can become a more viable option for borrowers and lenders.

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