Why Defi is Important.

[Pheonyx]

Hi guys. Until now I don't have enough understanding what is defi is all about and why it is important nowadays to all of us in digital world?

[Gurujebs]

The centralized system AKA government system hasn't been working since its creation, their gathered wealth are all about favouritism and nepotism which led to the creation of Bitcoin as Decentralized assets without middle man, you dnt need anyone permission to sent value or equity to any one across the world.
With the emergence of decentralization, Borrowing and lending has been made easier. Imagine borrowing without any other third-party or middle, just communicating with a computer and you get what you want. Isn't that unique and economical with low charge and fees.
For more about DeFi, you may want to go through this https://www.forbes.com/sites/investor/2020/08/14/defi-welcome-to-the-crypto-revolution/amp/

[EAA-ALLAH]

Hi guys. Until now I don't have enough understanding what is defi is all about and why it is important nowadays to all of us in digital world?

60% people are preferring to get benefits from banking system in their mobile smartphone. DeFI is the projects of such smartphone systems which have no presence of banking system limitations. They can easily transfer money from permissionless.

[Jaya60]

If we look at it, we will see that there are many businessmen who have come from there and started investing in DeFi project. The price of the coins in this project is good.  More is expected in the future. That’s why so many have started investing here.

[Casual]

Nowadays, it is seen that more people are willing to earn income with smartphones. Many people are seeing that they are actually going to make more profit in a few days by investing here. Although, There are some risks and then it is seen that people are investing more profits here due to higher profits.

[raisajahan]

DeFi gives everyone in the world access to an essentially unlimited number of financial products and services. These opportunities, which range from simple savings products to complex trading platforms, are nearly frictionless, in the sense that they require very little infrastructure.

[sirhieu1]

DeFi applications do not need any intermediaries or arbitrators. The code bots will specify how any possible disputes are resolved, and users maintain control of their funds at all times. This helps to reduce the costs associated with providing and using these products and creating a smoother financial system.

[Muneeb22]

Defi is a new project and that is important becasue it make a new way of the crypto market where peoples use the ERC20 and than TRC20 peoples now start use the Defi projects which almost add in the uniswap exchange.

[Triedboy]

If you look, you will see that a lot of investors have invested here a few days ago and they have got a lot of benefits from it. Currently there is a DeFi token called YFI which is much higher than the price of Bitcoin. There are some more coins that are in a much better position.

[Muneeb22]

Defi is important becasue its a new project and its almost coins supply is low than the other coins and also peoples trust on the Defi coins and they love to join that coins.

[maicodon]

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[Pitter]

Decentralized finance, or DeFi, has been widely seen as a new opportunity to bridge the gap of global banking inequality.
The World Bank states that around 1.7 billion people around the world do not have access to banks, or mobile money. DeFi helps to eliminate the financial barriers in developing countries by creating “permission-less” banking, meaning that unbanked citizens do not need credit checks to begin banking with DeFi.
Anyone with access to the Internet is able to access DeFi.
Without belonging to a bank, individuals can face financial restrictions because of their inability to access credit scores or have specific identification documents required to take out a loan. With cryptocurrency and financial platforms built on a DeFi network, anyone is able to take out a loan as long as they are able to make a deposit.
DeFi can also assist those in developing countries by allowing access to various forms of capital. Sometimes, governments can impose capital controls to help protect the value of their own dollar from dropping. Citizens can invest their finances in cryptocurrencies that mirror the value of other global currencies, like DAI, which pairs the value of the USD.
DeFi has also led to the creation of decentralized marketplaces, increasing the global accessibility and transparency in buying goods and services. Major online retail platforms like Amazon and Etsy act as an intermediary and dictate the rules between buyer and seller. However, with decentralized marketplaces built on blockchain technology, smart contracts have replaced the need for third-party intermediaries. The creation of decentralized marketplaces allows for the ease and accessibility of goods with the added security and anonymity that blockchain technology guarantees.
DeFi helps to alleviate the barriers that unbanked individuals face and can also help protect and increase individual’s assets around the globe.
The DeFi market is expanding every day. As of today, August 21, 2020, there is 6.64 Billion (USD) locked in.

[Maynul96]

Decentralized Finance makes a difference to dispense with the monetary boundaries in creating nations by making “permission-less” keeping money, meaning that unbanked citizens don't need credit checks to start keeping money with DeFi.

[Magepai]

One thing that seems to be happening now is that more investors are leaning towards a new project, more inclined towards that new project. By investing in them, many have gotten much better. The price of a new project goes up a lot due to the high demand in the market.

[Akhi600]

Hi guys. Until now I don't have enough understanding what is defi is all about and why it is important nowadays to all of us in digital world?

I think the current price of this coin is good.  Defy token prices will rise further in the future.  This token is slowly gaining popularity among the people.  People are investing here