We all dedicate ourselves to find the way to make our finances grow but the thing is not so easy, because there are many risk factors associated with this and many obstacles such as documents which takes us too much time when creating an investment fund in addition to the % of earnings are very low in centralized banks when they earn much more with our assets.

For this need we opened the door to DEFI totally decentralized and allows the entry of all without the need for documents and in the time that you decide, it is somewhat risky because you do not have an advisor 24 hours the research you do on your own here is where we enter the students and the academy # SteemitCryptoAcademy the largest in the world in online courses.

Source

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Definition of Defi:

Is a decentralized ecosystem of open protocols built on blockchain, was created in order to give the power to the community and each of us to manage our assets when and where we want we will have full control of our money, operates with smart contracts on the Ethereum network has risks and many people prefer to wait as it is a relatively new system is working so that it is not about trust if not facts and thus remove aside the centralization of the market.

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Aave a Defi 2020 success story :

Aave like many icos was a survivor of icos in 2017, it was launched to the market with the purpose of creating decentralized finance protocols that allows to create loans and borrow assets, since its launch in 2017 there have been changes in its protocol and a token exchange its initial value was $2.00 formerly called ETHlend now known as (Aave) has a value of $346 per token the admirable consistency of Aave is also a DEFI platform for locked value over $4.2b dollars,

Aave was the pioneer of DEFI and was the first to provide synthetic forms of collateral, launched its low collateral loan mechanism, then launched its V2 platform and the Aave token which bombed.

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PROs AND CONS OF Aave:

•Very easy to use its simplicity makes it distinctive.

•Excellent interest rates for loans and collateral for liquidity providers.

•Decentralization of intelligent protocols

•You can withdraw money directly to your Eth wallet.

•Offers guarantees in the Defi ecosystem and stability of operation in the worst case scenario.

Cons:

•flash loans are a concern for the community as they could be a gateway for attacks against Aave security.

•the high interest rates in the pools make them not so active and investors find them unattractive.

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Conclusion:

Aave has shown through effort dedication and perseverance since 2017 came against the downward barriers of the market that year, being a pioneer of the DEFI and an example to follow for many platforms that allow these smart contracts. so we can see many projects are moving forward and evolving as well as institutions and the crypto world.

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Cc: @gbenga @stemitblog @steemcurator01 @steemcurator02

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