Nowa era pożyczek: Przejście od banków do zdecentralizowanych finansów
A New Era of lending: Moving from banks to decentralized finance

Summary/Abstract: Distributed Ledger Technology (DLT), which forms the foundation of the Internet of Value (IoV), is transforming modern lending markets. Lending protocols, a key component of decentralized finance (DeFi), offer more flexible capital allocation tools compared to traditional financial structures. DeFi protocols, such as Compound, Maker, and Aave, address challenges faced by conventional lending markets, particularly banks and centralized lending platforms. This paper also provides a detailed description of how these protocols operate, highlighting their innovative approaches to risk management and collateralization. Despite their innovation, DeFi protocols still exhibit dependence on traditional financial systems, illustrating the complex relationships between these two sectors.

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