DEFI

So here am I as promised with a post about defi (decentrilized finance)

The first usage of defi is of course Bitcoin and Ethereum. BTC is considered to be gold, protected from inflation while ETH is a tool to attract financing for startups.

Then we have followers that were built on similar principals. You can google search this or otherwise the post will be too big.

Pros of Defi:
👉🏻 Potential to create a transparent and free banking system.

👉🏻 You can create products protected from the outside influence.

👉🏻 Potential to create a more stable financial system free from human error, since in Defi you are interacting with a smart contract where people can't intervene

👉🏻 Minimisation of risk for a counteragent

Cons of Defi:
‼️ Smart contracts could be hacked

‼️ During spikes in market activity, the system gets overloaded and everything breaks😢

‼️ And of course conscientiousness, or rather the threshold of greed of developers
Unfortunately this happens.

In the future, we'll be taking a closer look at different Defi assets.

https://t.me/joinchat/AAAAAEXHh0H5k56V2-fbvA