Jane Fraser Posted July 8, 2021 Report Share Posted July 8, 2021 The Benefits of Decentralized Finance or DeFi are Democratic control by participants (financial consumers) over how a system works No central authority with outsize power to affect the fate of participants’ deposits Greater reach to customers regardless of geographic location, as all one would theoretically need to participate is an internet-connected mobile device Less vulnerability to outside breaches due to decentralized security protocols Greater autonomy to customize specific blockchain protocols democratically, which may allow dynamic shifting of interest rates for lending cryptocurrency as one possible benefit Nowadays most of the Decentralized applications are launching in DeFi space and many entrepreneurs are gearing up to build Decentralized Exchange applications but the one factor that makes them difficult is development cost, With Maticz's PancakeSwap Clone Software one can easily build a Decentralized Exchange Link to comment Share on other sites More sharing options...
Melissahill Posted July 20, 2021 Report Share Posted July 20, 2021 DeFi platforms allow people to lend or borrow funds from others, speculate on price movements on a range of assets using derivatives, trade cryptocurrency, insure against risks, and earn interest in savings-like accounts. Link to comment Share on other sites More sharing options...
antracit Posted September 6, 2021 Report Share Posted September 6, 2021 This was useful and interesting. Thanks! Link to comment Share on other sites More sharing options...
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