brought to know Decentralized Finance (DeFi)

brought to know Decentralized Finance (DeFi)

🔹 Let's get to know each other first. What is Decentralized Finance (DeFi)?

Decentralized Finance (DeFi) is a new financial system. to allow users to conduct financial transactions without going through an intermediary Using Blockchain technology, the Decentralized Finance (DeFi) system benefits both faster transactions and lower fees. because there is no intermediary Therefore, various risk fees do not have to be paid like when there is an intermediary. Later, it also allows people who do not have access to the system to access the system. Just having a mobile phone and internet, Decentralized Finance (DeFi) system also makes it easier to start a business because Decentralized Finance (DeFi) can help convert existing assets into digital assets. No need to create a messy system. And now that society is open to online transactions, the Decentralized Finance (DeFi) system allows users to conduct financial transactions that are not different from the traditional way. Don't worry about price fluctuations.

🔹 System Abilities What is Decentralized Finance (DeFi)?

1) Decentralized Finance (DeFi) has a lending system.

Because there is no intermediary, giving the user an unused asset. resulting in receiving full interest on the loan without having to share with the intermediary

2) Decentralized Finance (DeFi) helps adjust digital assets to be less volatile.

DeFi's asset volatility mitigation will use what is known as stablecoin, a digital asset guaranteed asset. As a result, digital assets are usually highly volatile. will reduce volatility

3) Decentralized Finance (DeFi) can raise funds.

Because assets come in many forms. It is not possible to issue digital assets with the same value as other assets. Decentralized Finance (DeFi) has developed a framework to integrate other assets into the system, making fundraising easier.

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