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š¦ Learn everything about DeFi lending protocols in this comprehensive beginner's guide! Discover how Aave and Compound are revolutionizing cryptocurrency lending and borrowing. This tutorial breaks down the key features, differences, and mechanics of the two leading decentralized lending platforms. š° What You'll Learn: ā¢ What DeFi lending is and how it works ā¢ Introduction to Aave protocol and its unique features ā¢ Flash loans, rate switching, and collateral swaps explained ā¢ Understanding Compound protocol and algorithmic interest rates ā¢ Key differences between Aave and Compound ā¢ How to choose the right platform for your needs š» Aave offers multi-chain support, flash loans, stable and variable rates, and more asset options. Perfect for advanced users seeking flexibility. šļø Compound features a simpler interface, algorithmic interest rates, and strong governance through COMP tokens. Ideal for beginners starting their DeFi journey. Whether you're new to cryptocurrency or looking to understand lending protocols better, this video explains everything in simple terms. No complex jargon, just clear explanations of how these protocols work and what makes each unique. #DeFi #Aave #Compound #CryptoLending #Blockchain #DeFiForBeginners #SmartContracts #CryptoEducation #DecentralizedFinance #Web3 Chapters: 00:00 - DeFi Lending Protocols: Aave & Compound 00:25 - What is DeFi Lending? 00:58 - How Lending Protocols Work 01:33 - Introducing Aave 02:03 - Aave Key Features 02:42 - How Aave Works 03:18 - Introducing Compound 03:52 - Compound Key Features 04:36 - How Compound Works 05:20 - Aave vs Compound 06:05 - Outro š Stay Connected: ā¶ļø YouTube: https://youtube.com/@thecodelucky š± Instagram: https://instagram.com/thecodelucky š Facebook: https://facebook.com/codeluckyfb š Website: https://codelucky.com ā Support us by Liking, Subscribing, and Sharing! š¬ Drop your questions in the comments below š Hit the notification bell to never miss an update #CodeLucky