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Author Topic: Crypto-based decentralized Finance explained  (Read 2401 times)

Offline Dark Knight

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Crypto-based decentralized Finance explained
« on: July 10, 2021, 07:18:50 AM »
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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Crypto-based decentralized Finance explained
« on: July 10, 2021, 07:18:50 AM »

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Offline Joseph Brodkey

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Re: Crypto-based decentralized Finance explained
« Reply #1 on: August 01, 2021, 12:40:17 PM »
This type of finance refers to an unsecured business.
« Last Edit: August 01, 2021, 12:42:48 PM by Joseph Brodkey »

Offline Viffleros

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Re: Crypto-based decentralized Finance explained
« Reply #2 on: February 08, 2022, 01:05:07 PM »
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.

 

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