6 Reasons to Use a Decentralized Lending Platform

David Hamilton • July 20, 2021

Decentralized lending is one of the fastest-growing sectors in FinTech and for good reason. These networks eliminate banks from the lending equation to create unique opportunities for users. This strategy streamlines the entire lending process in new and exciting ways.

Instead of banks funding your loan, regular users provide funding to large lending pools in P2P lending networks. Borrowers then take out loans with interest from these yield-generating pools. This interest serves two primary roles. It’s used to expand the pool's liquidity and reward lenders for their participation.

There are many reasons why someone would decide to use a decentralized lending service. These unique protocols enable traders to gain market exposure while retaining ownership of their prized digital assets. Here are the top 6 reasons to incorporate a decentralized lending platform into your investment strategy.

Instant Access to Funding

One of the top reasons to go with a decentralized lending platform is responsiveness. There is no waiting when using these platforms. Networks such as MyConstant enable you to get access to funding with less hassle. P2P lending systems utilize a combination of asset management protocols and collateral-based mechanisms to ensure that the network stays profitable and your collateral remains safe.

The open nature of these networks also brings with it some additional advantages. For one, you can say goodbye to the gatekeepers. Every bank has a loan officer that reviews your request. They may ask to meet with you in person to get a better feeling for your personality and traits. In the end, they get the final decision on whether or not you get funded. Sadly, in many instances, their decision is based on their personal beliefs rather than core financial principles.

Decentralized lending platforms remove this inconvenience from the equation. Instead, your loan eligibility is handled autonomously based on your collateral. There is never a credit or background check required to utilize these services. This approach opens the door for more liquidity in the lending pool which benefits the entire network.

Unlock Funding

For many people, decentralized lending services are a vital part of their trading strategy. These networks enable you to unlock funding that you have tied up in other investments currently. These networks enable those who HODL BTC, ETH, or other top projects to free the funding they have trapped in these assets without giving up ownership of the coins.

Recently, another coin type, NFTs (non-fungible tokens) has also shed light on this strategy. NFTs are unique in nature. They represent a single asset or digital creation. As such, their value isn’t determined by market cap, but rather, a mix of personal preferences and scarcity establish the value of these tokens.

For NFT holders, the thought of selling their prized digital art isn't on the table for many. The long-term ROI potential and overall personal connection to these tokens can make them almost like heirlooms. However, these tokens hold a lot of value at this time. Finally, NFT token holders can expand their portfolio and continue to hold their top NFTs securely.

Global Access

Decentralized lending platforms such as MyConstant operate as borderless protocols. Anyone can get a loan or lend out their digital assets. It doesn’t matter what country, region, or political affiliation your state holds. The open nature of these platforms brings additional perks. Primarily, it deepens the liquidity on the exchange and staking pools.

Transparency

Transparency is another reason to make the switch to decentralized lending. You can easily see all the terms of your loan. For example, MyConstant users can borrow any amount for 1, 3, or 6-month intervals. The longer the repayment time, the slightly higher the interest rate you get assigned. You can also see other vital data not normally available to traditional bank borrowers such as total loans issued and more.

Lower Fees

One of the biggest reasons to switch to a P2P lending platform is the low fee structure. Decentralized lending protocols eliminate the middleman and pass the savings on to borrowers in the form of lower interest rates and lenders in the form of rewards payments.

Networks like MyConstant provide competitive APRs on loans and varying repayment options. Additionally, there are no trading fees for borrowers seeking payment in cryptocurrencies. The network automatically scans the market to find you the best rate possible for your crypto.

More Options

Both borrowers and lenders gain access to more options when using a decentralized lending network. These collateral-based systems enable you to utilize an excellent selection of cryptocurrencies. You can spread the collateralization out over your entire portfolio, or you can select a single asset to improve your leverage. Notably, MyConstant offers an LTV ratio of up to 66%.

These systems can also provide more payout options. When you get a loan from your bank, your payment will arrive in USD. For decentralized lenders like MyConstant, you get to decide how you want to receive your funding. The network offers a variety of loan payment options including fiat, stablecoins, or 70+ cryptocurrencies.

MyConstant Provides Decentralized Lending to All

MyConstant is a premier decentralized lending platform that continues to see growing adoption. The network offers more selection and flexibility in terms of loan payouts and terms than the competition. Additionally, the network was built from the ground up to support both fiat and crypto-backed loans against multi-coin collateral. The network provides up to an LTV of 66% on many offers.

Decentralized Lending - A Powerful Tool in Your Investment Arsenal

Now that you have a better understanding of some reasons why you would consider utilizing a decentralized lending protocol, you are ready to create your investment strategy. There are endless reasons to seek out a loan and P2P lending services provide you with instant access to funding. For these reasons, platforms like MyConstant serve a vital role in the expansion of this sector.

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Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.

SX Bet Bets Big on Berachain: Bringing Web3 Sports Betting to Bera

By Press Release • May 29, 2025

SX Bet has officially launched on Berachain, marking the next milestone in its cross-chain expansion strategy. With over 2 million bets placed, $675 million wagered, and 93% year-over-year growth in volume, SX Bet is reshaping the future of sports betting — and Berachain is the next big stage. SX Bet’s Berachain launch comes with a unique incentive structure designed to reward bettors for their activity. Users can now place bets using the native $HONEY stablecoin and earn $SXBRT, a receipt token that can be staked to the SX Vault on BeraHub to generate weekly yields in $BGT, Berachain’s governance token. The more you win, the more you earn. SX Bet will be hosting a summer Berachain betting tournament with a 69,420 bet credit prize pool from May 31 - July 14th and airdropping bet credits to top Berachain communities. But the Berachain deployment is not just about incentives. It’s about creating a scalable global liquidity hub for bettors and builders alike. Builders can leverage SX liquidity to launch their own custom betting frontends and experiences. “SX Bet isn’t just a single dApp — it’s a betting protocol anyone can build on. With this Berachain launch, we’re not just growing SX, we’re growing the entire Web3 betting ecosystem,” said Andrew Young, SX Bet Project Lead. The cross-chain architecture enables shared liquidity across multiple blockchains, allowing users to place bets on their preferred chain without sacrificing odds or depth. Already the top sports betting dApp by volume on Arbitrum, SX Bet has achieved sustained growth without relying on ongoing incentives — proving that sharp odds, fast UX, and a product-first approach win. Bettors choose SX for its peer-to-peer, non-custodial, on-chain model — a platform with the best odds, deepest liquidity, and a clear message: winners are welcome. SX Bet is setting the standard for scalable sports betting infrastructure in Web3. For bettors: more rewards, deeper liquidity, and better odds. For builders: a plug-and-play liquidity engine to leverage and build upon. For chains: a sticky, high-volume dApp proven to drive user growth and retention. Start betting and earning on Berachain today: bera.bet About SX Bet: SX Bet is the fastest-growing on-chain betting exchange—built for the future of sports and crypto. All bets are peer-to-peer, the platform is non-custodial, and all bets are on-chain —offering a secure, trustless, and transparent betting experience. Built on the SX Network and now live on Arbitrum and Berachain, SX Bet is cementing its position as the global liquidity hub for sports betting. Learn more at sx.bet . SX bet is not available in the United States or other restricted regions. Media contact: business@sx.bet

Europe uses blockchain: launches free cloud mining settlement service for Bitcoin, Dogecoin, and Litecoin

By press release • May 28, 2025

As the global cryptocurrency industry matures, Europe is accelerating its move towards a new economic model dominated by blockchain. Recently, a multi-national European technology alliance jointly announced that it will officially launch a blockchain-based ultra-large-scale cloud mining settlement service, aiming to open up the entire process of cloud mining resources, transparent income distribution and cross-border contract settlement. This revolutionary system will be technically supported by the leading encryption technology platform BlockchainCloudMining , marking the deep integration of decentralized finance (DeFi) and high-performance computing power infrastructure. The entire system is built on blockchain smart contracts. Every income distribution and the operating status of each device can be recorded on the chain in real time. Users only need to log in to the platform to view daily computing power income, contract progress and mining asset settlement status. The platform promises "zero delay and zero black box". All settlements will rely entirely on on-chain verification to eliminate the risk of human manipulation. How to use blockchain cloud computing power to easily earn daily income? Step 1: Register an account Registering as a Blockchain Cloud Mining user will receive a $12 bonus, which can be used to purchase a $12 contract, with a daily income of $0.6. This plan provides new users with a free experience of cloud mining without any financial risk. Step 2: Choose Blockchain Cloud Mining Contract In addition to the $12 contract, there are multiple contracts that can be purchased at the same time. Each contract has a fixed income, and you can get more income after purchasing. As follows: ⦁ [New User Experience Contract]: Investment amount: $100, contract period 2 days, potential total income: $100 + $6. ⦁ [WhatsMiner M66S]: Investment amount: $500, contract period 7 days, potential total income: $500 + $40.25. ⦁ [WhatsMiner M60]: Investment amount: $1000, contract period 14 days, potential total income: $1000 + $168. ⦁ [Bitcoin Miner S21 XP Imm]: Investment amount: $5000, contract period 32 days, potential total income: $5000 + $2048. ⦁【ALPH Miner AL1】: Investment amount: $10,000, contract period 45 days, potential total income: $10,000 + $6,075. (The platform has launched a variety of stable income contracts, for more contract details, please log in to the official website Blockchaincloudmining.com BlockchaincloudMining advantages and features: Registration bonus: Register and get a $12 bonus immediately. No additional fees: transparent pricing, no hidden service fees or management fees. Cryptocurrency support: Provides trading of multiple cryptocurrencies such as USDT-TRC20, USDT-ERC20, BTC, ETH, LTC, USDC, BCH, SOL, DOGE, XRP, etc. Referral program: Earn up to $50,000 through the affiliate program by referring new users. Support and uptime: 100% Uptime commitment, 24/7 customer support and real-time settlement of earnings Conclusion: Blockchain + European regulation, reshaping the future of cloud mining The core value of "decentralization" is taking root in Europe, and BlockchainCloudMining is standing at the starting point of this new era. With Europe's advantages in policy support, data compliance, and energy structure, coupled with its own years of platform experience and technical accumulation, BlockchainCloudMining will lead the global cloud mining from "barbaric development" to "institutional drive", and start a truly future-oriented blockchain computing power revolution. If you are also optimistic about the future of digital assets such as Bitcoin and DOGE, and are looking for a new investment method with low threshold, high transparency, and automatic income, then now is the best time to join BlockchainCloudMining. Click with your fingertips and hold the key to the next digital wealth cycle. For more information about BlockchainCloudMining, please visit the official website: blockchaincloudmining.com or contact the company email: info@blockchaincloudmining

VEEPEEN Launches with Viral Momentum, Crosses 3,000 Holders Amid VEEPEEN Meme Surge

By press release • May 28, 2025

The crypto world has a new viral disruptor: $VPN, a memecoin with a name that turns heads and a strategy that turns momentum into community. Unlike traditional VPNs (“Virtual Private Networks”), this VPN stands for Vagina Penis Network. The result is a meme-powered project that blends internet culture, social irreverence, and ironic utility into one fast-growing token. Now crossing 3,000 holders and expanding rapidly, $VPN captures the chaotic spirit of the internet. The team is openly tapping into the most viral meta of 2025: anatomy meets anonymity. This alignment has sparked a wave of “VEEPEEN” memes that now fuel much of the project’s viral energy. A Meme That Understands the Internet At its core, $VPN is a double entendre. It hijacks the acronym most associated with encrypted browsing and redefines it through the lens of raw, meme-ready branding. It is this intentional contrast (between data protection and digital depravity) that has made $VPN impossible to ignore. $VPN stands out for its cultural awareness and total commitment to internet-native humor. Gaining Traction and Market Attention Despite its absurd premise, $VPN is showing real momentum. Backed by high-engagement KOLs and degen communities, the token has evolved from a joke into a serious contender. Early buyers are aligning not just with a token but with a brand that openly challenges crypto’s tendency toward sameness. With viral growth, mounting attention, and talk of future listings, there’s a lot of hype around VPN. In fact, people in the space now cite $VPN as a potential $100 million market cap breakout. Built for the Post-Ironic Web3 Era The project’s tagline (“The only protection you need”) sums up its self-aware design. While traditional VPNs offer encrypted access and privacy, this $VPN offers something more abstract: a mirror to how crypto, memes, and culture collide in 2025. The VPN team is working to go beyond the mere memecoin definition. In fact, this project is more of a commentary wrapped in community. The idea is powered by people who understand that the internet rewards contradiction and commits to the bit. About VPN VPN (Vagina Penis Network) is a community-driven memecoin launched as a provocative fusion of privacy culture and viral internet branding. By reinterpreting the acronym VPN, the project builds its identity on contrast, chaos, and cultural resonance. With over 3,000 holders and rapid growth, $VPN has positioned itself as a standout token in the Web3 memecoin space. It is not a protocol; it is a performance. A decentralized brand for those who understand the power of memes, meta, and momentum. The project’s meme culture continues to expand across platforms, driven in part by the growing popularity of the “VEEPEEN” meme trend. Anyone curious to learn more about this project can check out the founder's official announcement and VPN's DexScreener page below. Website | X (Twitter) Official Announcement | $VPN on DexScreener

AGFI Token to Launch on Bitbulls Exchange on 2nd June, 2025 at 09:30 AM UTC

By Press Release • May 26, 2025

Agrifi, a trailblazer in blockchain-powered agricultural solutions, is proud to announce the official listing of its native utility token, AGFI, on Bitbulls Exchange. Trading will commence on 2nd June, 2025, at 09:30 AM UTC , with the trading pair AGFI/USDT. Deposits and withdrawals will also be enabled at the same time. This significant milestone brings AGFI to a broader global audience, giving users the opportunity to participate in a revolutionary ecosystem where blockchain, AI, and IoT converge to power smart agriculture. AGFI: Powering the Future of Agriculture AGFI is more than just a token—it’s the fuel behind the Agrifi platform, which empowers farmers, agri-businesses, and consumers with transparency, automation, and real-time data across the agricultural value chain. From farm to fork, every transaction and data point is immutably recorded on-chain. With AGFI, users can: Access premium AgriFi platform features Participate in blockchain-verified supply chains Stake tokens for rewards and ecosystem governance Facilitate secure, transparent agri-financial transactions Why Bitbulls Exchange? Known for its robust security, advanced trading tools, and user-centric design, Bitbulls Exchange is the ideal platform for AGFI’s trading debut. Bitbulls adheres to global compliance standards, ensuring a safe, intuitive, and scalable trading experience for new and seasoned investors alike. “The listing of AGFI on Bitbulls is a defining moment for the Agrifi ecosystem,” said an Agrifi spokesperson. “It opens doors for global participation in a token economy that’s transforming agriculture as we know it.” “We are thrilled to host AGFI’s listing,” added the Bitbulls Exchange team. “It represents the kind of real-world use case that blockchain needs to scale mainstream adoption.” Launch Details: Token Symbol: AGFI Trading Pair: AGFI/USDT Launch Date: 2nd June , 2025 Launch Time: 09:30 AM UTC Exchange: Bitbulls Exchange Stay Connected: Facebook: https://www.facebook.com/agrifiofficial Instagram: https://www.instagram.com/agrifi_official/ Twitter: https://x.com/Agrifi_official Telegram: https://t.me/bitbulls_exchange Website: agrifi.tech | https://bitbulls.exchange/