Lending Pool
Lending pools are smart contracts that allow anyone to lend or borrow cryptocurrency without needing permission.
More terms under L
- Layer-1 BlockchainA layer-1 blockchain is the main network that handles transactions and data directly, without needing other layers to support it.
- Leased Proof of Stake (LPoS)Leased Proof of Stake (LPoS) is a way for people who own cryptocurrency to temporarily share their coins with network nodes, helping to secure the network and…
- LedgerA ledger is a record that keeps track of transactions and can only have new transactions added to it, not changed or erased.
- LeverageLeverage is money that a trader borrows from a broker to invest more than they can afford with their own funds, allowing them to take bigger positions in the…
- Leveraged TokensLeveraged tokens are special types of cryptocurrencies that allow you to invest with borrowed money. This means your profits and losses can be much larger than…
- Light NodeLight nodes are lightweight versions of cryptocurrency wallets that rely on full nodes to check and confirm the information stored on the blockchain.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.