What is decentralized finance all about?

[airtman]

The recent appearance of Defi project massively on services sections, Have kept me off balance. But I need to understand the future of Defi projects, and why stablecoin "Dai" is doing better than bitcoin and Ethereum on the long run? The disadvantages of DEFI project is an added thank you. 

[RussianEnglishTranslation]

I'm not sure why this thread was flagged, the OP is asking about DeFi and DAI.

DAI is pegged to USD. Unless you think the USD is going to give you more profit than Bitcoin or Ethereum, it's not worth holding. People currently use DAI for trading and DeFi. You deposit the DAI in a platform to earn the platform's native token, which normally gives you voting rights and dividends like a stock.

[X-ray]

I'm not sure why this thread was flagged, the OP is asking about DeFi and DAI.

This thread doesn't get flagged but OP was getting flagged caused by he was breaking the forum rules. Can you spend a few minutes or seconds to see his trust summary? he was doing ico bumping.

He was also involving in some bad cases like fake reviews, icobumping which is inappropriate behaviour.

[Daniyal Butt]

I'm not sure why this thread was flagged, the OP is asking about DeFi and DAI.

This thread doesn't get flagged but OP was getting flagged caused by he was breaking the forum rules. Can you spend a few minutes or seconds to see his trust summary? he was doing ico bumping.

He was also involving in some bad cases like fake reviews, icobumping which is inappropriate behaviour.

you are right

[rahmatullah9305]

The recent appearance of Defi project massively on services sections, Have kept me off balance. But I need to understand the future of Defi projects, and why stablecoin "Dai" is doing better than bitcoin and Ethereum on the long run? The disadvantages of DEFI project is an added thank you. 

It seems that what you are saying is a little confusing because what I have seen from a few years ago Bitcoin and Ethereum have always worked better than DAI tokens, and DAI tokens are also not included as stable tokens even though in terms of price they have not changed much.

[Jawhead999]

Since you're not really know and understand about DeFi it's better to read those topic below :
1. [Tutorial] Decentralized Finance (DeFi) for Noobs
2. DeFi Safety - Audit List
3. Overview on DeFi.
 
How you can conclude DAI is better than Bitcoin and Ethereum? DAI only give you 1,05% ROI [1] While both of Bitcoin and Ethereum ROI is >9000%, it's a simple fact that your statement are wrong.

[1] https://coinmarketcap.com/currencies/multi-collateral-dai/

[cryptoaddictchie]

The recent appearance of Defi project massively on services sections, Have kept me off balance. But I need to understand the future of Defi projects, and why stablecoin "Dai" is doing better than bitcoin and Ethereum on the long run? The disadvantages of DEFI project is an added thank you. 

Defi projects work differently. Actually its just a termed for a dapp that works like in real finance system like lending, savings or even farming which can be noted as simulatenosuly with staking. Seriously it is just a staking for me that let you actually earned dividend.

I am also confuse why do you say that dai is better than ethereum in the long run, like its a stablecoin and lack progress in terms of price. While eth has a lot of use cases on different field.

[thenextking]

The recent appearance of Defi project massively on services sections, Have kept me off balance. But I need to understand the future of Defi projects, and why stablecoin "Dai" is doing better than bitcoin and Ethereum on the long run? The disadvantages of DEFI project is an added thank you. 

Decentralized finance is all about fast cash and quick scam gambling

[max6575]

with reference of customs with work on blockchain server, parties with the business to gains of chance as implementing personal strategics as might to helps with chance as collecting new information to returns with supports as might to release decision of appeals on business with the transparent connectivity on blockchain platform.

[RealMalatesta]

The main concept you need to understand is the fact that many things in the financial world are based on central power, your loans are taken from banks, your insurance is guaranteed by companies, your trading is based in an investment bank, basically whatever you do in the financial world including even spending anything from your credit card all goes through something centralized.

Bitcoin was the first step for "defi" as in it was a currency that is not centralized anywhere, but what this new defi projects brought was, not only you can be decentralized in currency but you could do many things decentralized without needing anyone, without exchanges, without casinos, without gaming operators, everything could be decentralized and that is why it was loved so much by the public.

[proTECH77]

Decentralized currency is not control by the government official or any country in the world. You have no fees to pay to the government officials before you can start investing in the country. Bitcoin is a digital currency which you can make use like the way we use fiat money to purchase some goods and services for profit making in the country. Bitcoin is still maintaining the position of stable pumping that is causing other cryptocurrencies to reduce in the market.
Centralized currency control by the central bank of any government,they have the authority to increase the value of the currency or to devalue their currency. Many people are use to centralized currency which is more older than bitcoin and Ethereum in the area of investment.