Why we need DeFi?

[vaysar]

The new DeFi trend has revitalized the crypto industry. Now people can create products that are protected from foreign influence, this was not the case before. Decentralized financial solutions can probably make financial systems more transparent, more resilient, and less fragile than traditional ones. But while the DeFi movement has many supporters, some traders doubt that it will contribute to the spread of cryptocurrencies, there is such an opinion.

[heyod hewow]

Why we need DeFi? - DeFi is a peer-to-peer electronic financial instruments system. The ecosystem of decentralized finance can provide anyone with access to traditional financial services.

DeFi applications and services are potentially useful for residents of countries with underdeveloped or unstable economies. DeFi services are also in demand in developed countries, especially in the field of lending, investment and the development of new models of income generation.

[EAA-ALLAH]

DeFi is needed as a financial solution that is not controlled by anyone. It can even be said that DeFi is a decentralized finance that can provide loans with to be anonymous, safe and comfortable.

Yes DeFi is the best opportunity to take part in an financial solution without third parties presences. We need defi due to the permissionless participations and sending, borrowing and lending money without kyc and credit card submission m

[vaysar]

The main advantage of DeFi is decentralization and therefore there is no regulation, transactions are transparent, fast in execution, there are no intermediaries. This is convenient, for example, when lending. There is no intermediary bank, which means that the one who gives the loan does not have to share the profits with the bank.

[Triedboy]

Yes you are right centralized companies handle most cryptocurrencies. Hey almost entirely depends on the traders.  The more trades there are, the more the price will increase.

[Triedboy]

Basically, the new born project is the messing part of cryptocurrency ecosystem services between user and blockchain. DeFi will boast Ethereum because mostly of DeFi tokens now are Ethereum base. Also crypto people or even a simple person is able to use DeFi platform as long as he/she knows about DeFi. In addition the community of crypto world will increase when DeFi tokens become successful and rooted in cryptocurrency industry.

I totally agree with you.  If one wants to invest here one must have a good idea of ​​everything about DeFi.  If not, investors can read into the loss. The way scamming has started, it is not right to invest in the right idea.