What are the must-have features for a successful DeFi lending and borrowing platform?

So, if you’re planning for DeFi lending and borrowing development under your own brand? Good thing. But remember, that's just enabling token deposits and withdrawals. Since lending is gonna be huge, like over $80 billion (shows DeFiLlama reports), you need to offer features that people actually want to gain trust among users.
First, plan to create reliable and secure smart contracts from the beginning of the lending and borrowing platform development. People lost approximately $720 million in DeFi hacks in 2025 alone! One slip-up and you're done, so get those contracts checked and double-checked.

Additionally, you should focus on offering competitive interest rates on your lending and borrowing platform. These rates need to change automatically based on market conditions and how much people want to borrow. This approach keeps liquidity stable and borrowing costs predictable.

Multi-collateral support is another feature users expect today. If they can only use one crypto, they won't stick around. So, plan to incorporate this feature into DeFi lending and borrowing platform development.

For borrowing, over-collateralization mechanisms remain important to safeguard lenders’ funds, but you can add functionalities like flash loans or let people borrow with less collateral (safely!), which'll make your platform way cooler.

And get this: cross-chain support is a total game-changer. People want to move their cryptos around multiple blockchain networks easily, so if your platform lets them do that, you'll be a golden solution for them.

A successful platform is one that blends security, liquidity, flexibility, and accessibility while staying ahead of market trends. The hard part is making all that work without compromising user experience.

Therefore, it's worth incorporating this feature on the process of DeFi lending and borrowing platform development. So, consider hiring DeFi development firms like Innblockchain for solution development. They implement advanced features and add-ons on your DeFi lending and borrowing solution creation that align with your business vision.