Yes, DeFi lending and borrowing platform development can be profitable. In fact, it is one of the most profitable sectors in the cryptocurrency industry.
Here are some of the reasons why:
High demand: There is a high demand for DeFi lending and borrowing platforms, as they offer a number of advantages over traditional financial institutions, such as higher interest rates, lower fees, and faster transaction times.
Low barriers to entry: The barriers to entry for developing a DeFi lending and borrowing platform are relatively low. This is because there are a number of open-source platforms that developers can use as a starting point.
Large profits: DeFi lending and borrowing platforms can generate large profits for their developers. This is because they charge interest on loans and fees on deposits.