RE: Decentralized finance, an in-depth review
Hi Dear Friend @shortsegments.
The possibilities of DeFi are endless.
A recognized Spanish consortium implemented the liquidation of a tokenized bond in Ethereum Blockchain in the amount of $ 20 million in 2019, generating 99 K $ in interest during the first quarter. In the process, the number of intermediaries required was reduced, making the transaction faster, more efficient and simple, unequivocally demonstrating that the entire life cycle of a business, debt guarantee, can be managed in a blockchain.
With the ease of access that Dapps allow, DeFi becomes a liberating tool, since people can take advantage of their full potential, flexibility and the ability to accelerate procedures and reduce costs once third parties and intermediate figures cease to be part of the ecosystem.
Thank you for those valuable quotes.
All best, Piotr.
Dear @crypto.piotr
Thank you for the information about the Spanish Bond. It illustrates the scalability of these solutions and potential for rapid completion of transactions which multiplied the number of transactions you can complete. Imagine such transactions may take 4-6 weeks in traditional banking systems, which limits you to 13 or less transactions per year. Merely halving the time doubles the number of transactions and doubles your profits without the need to double your capitol or increase your risk.
In fact it could be argued that the “if then “ structure of smart contracts resulting in automatic machine traded liquidation of of margin calls it could be argued that these are safer then traditional loans.
DeFi is indeed a liberating tool for the masses if they learn about it, or it is marketed to them.
The future is bright for the bold and informed.
✍️
It's me again @shortsegments
I just realized that I never actually thanked you for your comment. Big thx.
ps.
I would need to ask you for little favour. Recently I've decided to join small contest called "Community of the week" and I desribed our project.hope hive/community. Would you mind helping me out and RESTEEM this post - just to get some extra exposure? Your valuable comment would be also appreciated.
Link to my post: on steemit or on steempeak
Thanks :)
Yours, Piotr