According to data from DefiLama, Decentralized Finance (DeFi), protocols are gaining significant traction within the cryptocurrency industry. The total amount of crypto assets that have been locked exceeds $271 billion. Decentralized borrowing or lending is an extremely popular DeFi service. This allows users to use crypto as collateral, and then borrow stablecoins (or vice-versa), to help pay everyday expenses and grow their capital.

These protocols usually charge a spread, or the difference between lending and deposit rates, as a service fee. Minterest is one such protocol. It aims to return a substantial portion of the profits, if they are not already, to its users. Minterest appeared earlier in the month. launchedOn MoonbeamThe network’s first Ethereum-compatible smart contract parachain,. Josh Rogers, Minterest’s CEO (NYSE:), discussed the plans for building an user-oriented DeFi platform in an exclusive interview.