The Rise of Decentralized Finance – What You Need to Know
Decentralized finance promises to deliver an improved financial experience. By cutting out middlemen and streamlining transactions directly, service fees can be drastically reduced while assets can be moved quickly between accounts. Before beginning DeFi, it is essential to understand its risks. Here are a few considerations: What is DeFi? Decentralized Finance, or DeFi, utilizes blockchain technology to enable peer-to-peer lending and borrowing transactions between individuals without financial institutions acting as middlemen – saving both time and money in the process. DeFi is unlike traditional financial systems in that it operates…
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