The Steemit Crypto Academy Week 7: Introduction to Defi and Yield Farming for @jose6
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decentralized finance nowadays is being very useful to free some crypto projects from centralism, decentralized finance is open source networks capable of creating contracts in the blockchain, it is basically creating opportunities for centralized entities with the network ethereum, so that these entities can opt for a new network model and for users to be more calm with their actions and not depend on a centralized network, today the decentralized network is preferred by many for the freedom they have with their money, from exchanges, exchange platforms, stablecoins. Volatile currencies etc.
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It is a decentralized platform, it is a stable currency that is regulated at 1 dollar and its token is ERC-20 based on the blockchain blockchains, and being ERC-20 it belongs to ethereum, it is regulated by different entities that each 2 days they perform a check between the system to see if they have full asset support, it is one of the best platforms to make loans and make remittance payments due to its speed in its operations and its low cost.
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Advantage
* without emission limit
* Transparency in its operations.
* All its tokens are backed by centralized banking
* transmits confidence and security in the public.
Disadvantages
* is based on the same as other stablecoins of the same caliber.
How to get Paxos token.
The user can simply go to the official website of paxos standard and after creating his account very easily, he makes the purchase order with his debit card or he can also do it through an exchange platform by exchanging ERC tokens. -twenty.
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Conclusion
Small, medium and large entrepreneurs, as well as investors around the world, want to have a fully decentralized platform without the fear that they may lose their assets, that they have full control of their actions and that the ecosystem is safe and transparent and exactly that is what is currently being implemented in the evolution of decentralized finance, as it plans to help many entities break out of their centralist dependency.
Thanks for your attention.
cc
@gbenga
@steemitblog
@steemcurator01
@steemcurator02
Thanks for being a part of my class and for participating in this week's assignment. I hope you learned from the class as the aim of the school is to teach and allow people to learn alongside.
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