CRYPTO61120 - Decentralised Finance: Lending and staking: Meaning of 바카라 사이트榣oan바카라 사이트� and 바카라 사이트榮taking바카라 사이트�
The activities of lending and staking have been particularly popular uses of Decentralised Finance (DeFi). It should be noted that there바카라 사이트檚 no statutory or legal meaning of the terms 바카라 사이트榣ending바카라 사이트� and 바카라 사이트榮taking바카라 사이트� in this context. The lending and staking section of guidance (CRYPTO61000) applies to two types of transaction:
A person (바카라 사이트渓ender바카라 사이트�) transfers the control of tokens to another person (바카라 사이트渂orrower바카라 사이트�). At the time that transfer occurs, the lender acquires a right to demand that the borrower transfers to the lender the control of an equivalent quantity of tokens at a time in the future to satisfy the loan.
A person (바카라 사이트渓iquidity provider바카라 사이트�) transfers the control of tokens to a DeFi lending platform. This type of transaction may be termed 바카라 사이트渟taking바카라 사이트� or 바카라 사이트減roviding liquidity바카라 사이트�. At the time when the transfer occurs, the DeFi lending platform transfers control of one or more different tokens to the liquidity provider.
The DeFi lending platform has the ability to transfer the control of tokens provided to it by the liquidity provider to other persons (바카라 사이트渂orrowers바카라 사이트�). It will normally do so on terms that mean the borrower has to provide a return to the DeFi lending platform in excess of the quantity of tokens that the borrower initially received. This return, or a part of it, will be passed onto the liquidity provider as their compensation for providing the liquidity to the DeFi lending platform.