The State Of DeFi — Rapidly Advancing 💡

in #maxxfinance2 years ago

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Cryptocurrency is advancing at an extremely fast rate, especially when it comes to decentralized finance (DeFi). It was only a few years ago that Uniswap launched its decentralized exchange (DEX), quickly becoming the most popular protocol with over $1.1+ trillion in trading volume to date.

Not only did this give a trusted method of liquidity pools and token exchange, allowing users to rely less on centralized exchanges, but it also welcomed a rapidly expanding ecosystem of new projects, dApps, and integrations all built on the Uniswap Protocol. Blockchain technology has been created to remove the middleman & protect users from counterparty risks.

Every day we are less reliant on these third parties and continue innovation to further disconnect ourselves from centralization. In our eyes, a perfect DeFi space is a place where users can manage their accounts safely, and without having unnecessary counterparties posing a risk to funds or trades. DeFi dApps are built on Web3, allowing for full traceability and proof of ownership thanks to the blockchain.

MAXX Finance has created an ecosystem that allows users to safely store their own tokens on cold storage wallets and interact with the protocol only when needed, never having any counterparty risk. A transparent ecosystem that is backed by an actual tangible utility, with well-thought-out tokenomics designed to create sustainability and longevity.

MAXX Finance is paving the way for innovation in DeFi & adding to the space to make it better as a whole for many years to come. Visit https://maxx.finance to learn more and get involved!

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