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img IOT Chain - DeFi Loans
Quick Guide to Taking Loans with IOT Chain (Cryptocurrency) on the Ethereum Blockchain

Taking loans against your IOT Chain (Cryptocurrency) can provide liquidity without selling your assets. Follow these steps to get a loan:

  1. 1. Choose a decentralized finance (DeFi) loan platform from the list below.
  2. 2. Connect your wallet to the DeFi platform.
  3. 3. Deposit IOT Chain (Cryptocurrency) as collateral.
  4. 4. Specify loan terms and confirm the transaction.
  5. 5. Receive the loan in your wallet.
Platform Type Description Network Action
Compound Decentralized A leading protocol for lending and borrowing assets, including IOT Chain (Cryptocurrency), on the Ethereum blockchain. Ethereum View Loans
Aave Decentralized A DeFi platform offering liquidity pools and flash loans against IOT Chain (Cryptocurrency) tokens on the Ethereum network. Ethereum View Loans
MakerDAO Decentralized A decentralized credit platform that supports creating loans (DAI) backed by collateral, including IOT Chain (Cryptocurrency). Ethereum View Loans
Cream Finance Decentralized A lending platform where users can borrow and lend IOT Chain (Cryptocurrency) tokens with competitive interest rates on Ethereum blockchain. Ethereum View Loans
Cream Iron Bank Decentralized A protocol that extends the capabilities of Cream Finance, offering loans and lending pools for IOT Chain (Cryptocurrency) tokens on Ethereum blockchain. Ethereum View Loans
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