Where is DeFi used?We talk about the strengths and advantages of DeFi so much, but for now let's talk about where is DeFi used?
🟣 Currently, the main fields of application for decentralized finance are:
🔘 Decentralized stablecoins with each coin pegged to a fiat currency and secured with a pledge in cryptocurrency.
🔘 Loans and credit, where one group of users deposit funds into the credit pool at interest, and the other can borrow the assets they need on the security of other assets.
🔘 Exchanges built on liquidity pools, removing the need for an order book.
🔘 Market prediction protocols.
🔘 Lotteries, insurance protocols, etc...
There are good grounds to assume that in the next few years we will see how every financial service that exists in the current fiat system will be adapted to work within the cryptocurrency ecosystem.
AMPLIFY is a DeFi project too, and in its implementation we are looking at other projects, improving upon the existing solutions and creating our own, which makes AMPT better, more accessible, faster and more transparent!
The DeFi market is in active development, and AMPLIFY is right there, pioneering the movement, which is something we are proud of!