Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: Dark Knight on July 10, 2021, 07:18:50 AM
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Though they potentially have more access to resources, even billionaire investors aren't immune to risk when it comes to decentralized finance, or DeFi.
That includes Mark Cuban, who revealed on Wednesday evening that he was trading a DeFi token from Iron Finance called titan that ended up crashing to zero in one day.
"I got hit like everyone else," Cuban, owner of the Dallas Mavericks and an investor on ABC's "Shark Tank," tweeted on Wednesday.
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This type of finance refers to an unsecured business.
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I use DeFi because I get Easy access to financial services, especially for those who, for some reason, are isolated from access to the current financial system. The rules of business operations are written in the smart contract. Once launched, the DeFi application can work independently with minimal or zero human intervention.