Dear colleagues of the academy a big greeting and blessings to all, thanks to professor @gbenga I was studying his week 7 lecture, excellent I congratulate and admire him, today we are going to talk about Defi what is it and what is it for. thanks to #SteemitCryptoAcademy for these courses teach me and I know many of you about how to protect our investment and every week we learn something new which is very vital for our professional career.

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What is the defi

Since before the existence of the btc, people were talking about the Defi as a decentralization system that later was fulfilled the objective that is to run protocols in blockchain that allows to create smart contracts without intermediaries or centralized banks to convert those hard and difficult tasks of exchanges in easy and fast in addition to allowing total control of our capital giving us the freedom to do what we want in the time we want.

This changed the history from that moment completely giving way to a new digital era the community controlled DEFI the main blockchain on which it is developed is Ethereum..

Let's talk about a Dex project called Uniswap is the largest DEX project in the crypto world one of the best examples to demonstrate the power of DEFI, it operates on blockchain Uniswap also launched a token called (UNI) with this token they are looking to boost the DEX project even more.

Let's see how it works UNISWAS works like any exchange only that the assets are always in our hand which makes it very fast at the time of the exchange many people interact constantly in Unis

One of the things that makes Uniswap different is its design called constant product Market Maker (CPMM) it creates liquidity pools traders can trade quickly in these liquidity pools any user can participate in it,

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Source

What incentives does Uniswap generate?

Uniswap gives 0.3% commissions to those who participate in its pool in this way the investor generates profits in pool tokens. When the investor decides to withdraw, he transfers the pool tokens to the smart contract and receives the equivalent of 0.3% of the commissions he collected during his stay in the system.

With the new release of Uniwas V3 we solved the problem of wrapped ether (WETH) from the equation by directly changing ETH to ERC-20 to lighten the chain a bit.

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Advantages

✔It is a DEX system that allows us to interact freely

✔It allows us to create exchanges for ERC-20 tokens.

✔The exchange within the ecosystem is very economical.

✔It has very good liquidity pools to incentivize investors.

The cons

✘It has a very high gas cost because etehereum and its scalability system generates an expensive gas.

✘Uniswap is experimental, remember that Defi is relatively new and we can't control it.

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Conclusion

As for the Defi we can say that it is a very innovative project that allows the freedom of our funds through platforms that help feed the ecosystem and thus make it grow seeks to encourage investors to participate for a very important commission of 0.3% that you redeem through the pool tokens .. is quite powerful this platform uniwasp that is why it is number 1 in the world. thank you all for the great learning acquired.

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THANK YOU

Cc:
@gbenga
@steemitblog
@steemcurator01
@steemcurator02

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