Element Raises $4.4M to Offer High Yield Crypto Loans

[Galaxy]

Element, a startup composed of DeFi vets and backed by blue chip investors, promises to make high yield crypto returns more accessible.
In the fast growing world of DeFi—short for decentralized finance—it's common to hear of traders earning double digit interest rates when they lend out their crypto. For ordinary investors, who are lucky to earn even a 1% return in traditional financial markets, the prospect of such yields is tantalizing. But unfortunately, for most people, the DeFi world is a highly technical place and the platforms where traders earn those high yields, such as Compound and MakerDAO, are too technical to use.
Source: https://decrypt.co/63464/element-raises-4-4m-to-offer-high-yield-crypto-loans