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DECENTRALIZED FINANCE; WHAT IS IT? – Part 1


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 More than ten years gone down the lane, the block chain industry is yet to disappoint with it ever changing nature. Since the early adoption, the industry has since recorded a slow but progressive changes with the latest being the Decentralized Finance also referred to as Defi.

What Decentralized Finance?

‘’DeFi is essentially just conventional financial tools built on a blockchain’’-blocknomi. These were previously built on the Ethereum network, but there is a growing number of players in this space such as Waves and Cosmos.

‘’ They are mostly predicated on open-source protocols or modular frameworks for creating and issuing digital assets and are designed to confer notable advantages of operating on a public blockchain like censorship-resistance and improved access to financial services’’

Example of a growing number of Defi Dapps on the waves platform is the Neutrino token - https://beta.neutrino.at/neutrino/usd-n.
  
  Decentralised Finance instrument offers better investment opportunities than the traditional financial instruments available out there. Defi offers personalised secure access to interest on investment. It decentralised nature also ensures traditional centralised hackers do not unleash similar threats the decentralised platforms. Where as traditional finance platforms get to lose billions of dollars annually to hackers, decentralised platform are best suited to limit such attackers if they ever happen to only such individual or attacking point.

Examples of Defi applications;

Open Lending Protocols;
-       MarkerDAO
-       Nexo
-       Lombardini

Issuance Platforms and Investing;
-       tZERO
-       Neutrino (algorithmic stable coins)
-       Polymer

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