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The borrowing and lending space in DeFi has been dominated by over-collateralized lending, but under-collateralized lending has been gaining traction over the past year.
Maple Finance and TrueFi are currently the largest protocols in the space in terms of lender deposits and loans originated.
Various protocols are being built to set the foundations of how under-collateralized loans are executed so that the sector can continue to expand from a position of strength.
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