The Role of Smart Contracts in the Interest Protocol
Smart contracts are a foundational element of the Interest Protocol, driving its functionality and efficiency within the decentralized finance (DeFi) space. These self-executing contracts automate the lending and borrowing process, ensuring that transactions occur seamlessly and securely. When users deposit assets into the protocol, smart contracts manage the terms of the loan, including interest rates and repayment schedules. This automation eliminates the need for intermediaries, reducing c...
The Role of Smart Contracts in the Interest Protocol
Smart contracts are a foundational element of the Interest Protocol, driving its functionality and efficiency within the decentralized finance (DeFi) space. These self-executing contracts automate the lending and borrowing process, ensuring that transactions occur seamlessly and securely. When users deposit assets into the protocol, smart contracts manage the terms of the loan, including interest rates and repayment schedules. This automation eliminates the need for intermediaries, reducing c...
