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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