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Title: De-fi?? What does it mean Post by: hassancisse on September 03, 2020, 09:29:59 PM Have been seeing De-fi around lately and i dont know in depth what it is all about can someone explain? Looks like it is the next big thing in crypto
Title: Re: De-fi?? What does it mean Post by: tabas on September 03, 2020, 10:01:05 PM Every single new project in cryptocurrencies are known to be the next big thing. And knowing what Defi is, you can use google searches for it.
A Beginner’s Guide to Decentralized Finance (DeFi) (https://blog.coinbase.com/a-beginners-guide-to-decentralized-finance-defi-574c68ff43c4?gi=e1a5e1cf9ee4) What is DeFi and why is it the hottest ticket in cryptocurrencies? (https://theconversation.com/what-is-defi-and-why-is-it-the-hottest-ticket-in-cryptocurrencies-144883) DeFi: The Hot New Crypto Trend Of 2020 (https://www.forbes.com/sites/tatianakoffman/2020/08/31/defi-the-hot-new-crypto-trend-of-2020/#740c34055bce) Title: Re: De-fi?? What does it mean Post by: Kang TB on September 03, 2020, 10:12:06 PM Have been seeing De-fi around lately and i dont know in depth what it is all about can someone explain? Looks like it is the next big thing in crypto if you don't know about de-fi, i think this article below will help you understanding about de-fi or decentralized finance https://blockgeeks.com/guides/demystifying-defi-ultimate-guide/ Title: Re: De-fi?? What does it mean Post by: Ayiranorea on September 03, 2020, 11:03:26 PM Decentralized Finance in short has got a big meaning within it. For users who have been a part of cryptocurrency investment it can be understood. This is just a platform developed over a blockchain with which one can develop his own financial tools and products to decentralize the investment. For example when we deposit into a bank, we'll get mere interest while the bank receives high interest spending our money on different other shares and loans.
Through Defi this is being eliminated, because everything is open and we used to create our own tools and make the investment. The perfect functioning will happen when the exchange services too go decentralized. Title: Re: De-fi?? What does it mean Post by: hassancisse on September 04, 2020, 10:59:10 PM Decentralized Finance in short has got a big meaning within it. For users who have been a part of cryptocurrency investment it can be understood. This is just a platform developed over a blockchain with which one can develop his own financial tools and products to decentralize the investment. For example when we deposit into a bank, we'll get mere interest while the bank receives high interest spending our money on different other shares and loans. Through Defi this is being eliminated, because everything is open and we used to create our own tools and make the investment. The perfect functioning will happen when the exchange services too go decentralized. This is just the explanation i am looking for i have read a lot online but this just hit the nail on the head.I really appreciate Title: Re: De-fi?? What does it mean Post by: Raflesia on September 05, 2020, 02:49:56 AM Now there are many threads about DeFi you can search for them in this forum and discuss @tabas has provided a thread for you to read and how to explain it I think it's clear, if you want to know you can discuss in some other threads or at least can understand his.
DeFi is now being talked about a lot because of its very rapid development and many are successful with their projects, but here there are many opportunities, for example, some tokens are already expensive on the exchange. |