• eur/usd 1.1862

    0.18

    BTC/usd 15.674.99

    8.60

    ETH/usd 674.99

    13.60

  • eur/usd 1.1862

    0.18

    BTC/usd 15.674.99

    8.60

    ETH/usd 674.99

    13.60

  • eur/usd 1.1862

    3.95

    BTC/usd 15.674.99

    4.78

    ETH/usd 674.99

    11.37

What is Decentralised Finance (DeFi)?

Definition:

Its an umbrella term for peer-to-peer services on public blockchains, primarily Ethereum, faster and doesn’t require paperwork or a thirdy party. With DeFi, one can earn interest, lend, borrow, buy insuarnce, trade derivatives, trade assets etc.

Importance and Benefits

  1. Fast: Rewards and interest rates update rapidly. Interest can be higher than traditional Wall Street
  2. Pseudonymous: There is no need of any personal information
  3. Open: One gets access just by creating a wallet
  4. Flexible: Assets can be moved without asking for permission anywhere anytime.
  5. Transparent: Full set of transactions seen by everyone involved(With private corporations its rare)

How people get engaged:

People get engaged via decentralized apps and the ways which people engage with are listed below:

  1. Trading: Crypto assets peer to peer trades
  2. Buying derivatives: Trade long or short bets on certain assets.
  3. Lending: earn interest and rewards by lending crypto
  4. Saving for the future: Earn better interest rates by putting some of crypto into savings account alternatives.
  5. Getting a loan: Obtain instant loans without filling paperwork

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