The Steemit Crypto Academy Week 7: Introduction to Defi and Yield Farming @gbenga @gaby7491
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Defi means decentralized finance defi is inspired by blockchain in the blockchain to transform current financial intermediaries, defi uses smart contracts on ethereum, this allows investors who wish to create a decentralized protocol, greater freedom in its use and greater transparency For users, this allows all these transactions to be free of a third entity like what happens with centralized protocols, and investors do not have the fear that someone will retain their assets.
What is Maker.
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It is a decentralized platform that works on smart contracts on ethereum in blockchain chains, it is a Decentralized Autonomous Organization (DAO), this allows the processes carried out to be in smart contracts under a programmed algorithmic structure, this platform supports and stabilizes the value DAI for contracts and loans with users.
Market is used for experienced users since it is a bit complex to understand, this platform was created for maintenance, issuance, operations and stabilization of the DAI market, and can be exchanged by any exchange platform that accepts ERC-20 tokens with base to ethereum.
Advantages and Disadvantages of Maker.
Advantage
* It is solid and transparent in its operations.
* Commissions for operation low and often zero.
* has benefits for investors
What is Maker.
* If the operations are not handled correctly, the investor may lose everything.
* its use is a bit complex.
How to buy Maker.
To buy Marker tokens is quick and easy.
Maker cannot be purchased with traditional money, with a debit or deposit card, for this we have to go to an exchange that accepts ERC-20 tokens on enthereum, for example HitBTC, Binance, Coinbase, buy bitcoin or ethereum tokens and exchange them for marker by opening an order on the platform.
Actual Price.
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Conclusión.
The financial system is currently undergoing resounding changes, especially decentralized finance that seeks economic freedom for many of its investors, therefore platforms like these are making an effort to provide the opportunity to grow and create new ways of investing in decentralized way so as not to depend on a financial institution that retains our assets, decentralized finance seeks in its protocols the greatest possible transparency so that its clients trust them.
Task completed, one more achievement. Thanks a lot.
cc
@gbenga
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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.
Rating 6
good morning teacher and administrator, the cure for my post was wrong, my grade was 6, and they placed a cure of 1, can you verify please!
@gbenga
@steemitblog
@steemcurator01
@steemcurator02
If there is an issue with your post reward, it will be due to the time of curation... Thanks for being a part of the Steemit Crypto Academy.
good morning teacher and administrator, the cure for my post was wrong, my grade was 6, and they placed a cure of 1, can you verify please!
@gbenga
@steemitblog
@steemcurator01
@steemcurator02