These kinds of lending platforms are essential for large volume holders to be able to use their crypto without crashing markets.

One of the problems that I've been saying for 6 or 7 years now is that cryptos have a huge seignorage problem. Especially in diminishing return type blockchains like BTC, the early adopters of a successful blockchain end up with a huge percentage of the value of the entire chain. If they sell, they can take down the entire market.

But with asset lending, those whales can use their crypto value without having to sell on the open market. So these lending platforms are performing a huge service for the rest of us.