Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Nostoman on September 11, 2020, 08:37:43 PM
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The main goal of DeFi or decentralized finance is to take crypto resources one step further. DeFI stands for Decentralized Finance, a digital asset and financial smart contract typically built in Ethereum. Which further enhances crypto resources. Anyone can know about Defi. More popular DeFi can track the current value locked in smart contracts. So everyone supports Defi decentralized application. What do you think?
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The main goal of DeFi or decentralized finance is to take crypto resources one step further. DeFI stands for Decentralized Finance, a digital asset and financial smart contract typically built in Ethereum. Which further enhances crypto resources. Anyone can know about Defi. More popular DeFi can track the current value locked in smart contracts. So everyone supports Defi decentralized application. What do you think?
DeFi means decentralized finance. DeFi binding or bonding relationship with financial issues and cryptocurrency.
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For me, it is important that thanks to smart contracts, DeFi projects provide an opportunity for participants in the cryptocurrency market to use services that were previously considered functions of banks, namely, obtaining loans, credits, depositing funds, and others. Now the cryptocurrency has started to really compete with the banking system. These trades are executed automatically by smart contracts without third party intervention, so any abuse is excluded. This is a big advantage of DeFi projects.
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Help to create a bonding between cryptocurrency and finance. Defi Gula is a development that combines cryptocurrency and finance. So I think that's important. The first claims of businesses will be possible here. Most of the smart deals will be possible in defi. Cryptocurrency market participants will have the opportunity to use such services.
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DeFi means decentralized finance. DeFi binding or bonding relationship with financial issues and cryptocurrency
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The uncollateralized loan model could help bring DeFi into the mainstream as it makes loans more flexible. In a conversation with Cointelegraph, Kulechov said that the initial purpose of the system is to “simplify the matching for Credit Delegators with borrowers that are both either institutions or businesses.” The limitation appears to be coming from OpenLaw, which is currently only usable by businesses.
He promised that if the idea were to be proven, it would be expanded to a larger audience. Aave would in this case become the “lending liquidity backbone for any finance to source liquidity.”
However, he noted that currently DeFi as a whole remains too small and “the industry would need to scale quite a lot” to bring it into the mainstream. He also argued that “it’s important that borrowers are able to convert stablecoins into FIAT with less fees.”
Aave’s efforts can be considered as one of the first initiatives to bring DeFi to non-crypto use cases, following initial proposals from Maker to onboard music royalty rights as a form of collateral.
Aave has traditionally placed emphasis on DeFi composability, featuring flash loans and using other protocol tokens as collateral.
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Being Ethereum base platform is interesting enough to support because smart contracts is the big factor in cryptocurrency ecosystem today's. DeFi will not instantly gone with the help of erc20 movement. It is the common use of crypto enthusiasts.
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DeFi a completely difficult word but meaning decentralised finance which create complex relationships between finance and cryptocurrencies within decentralized exchange. Decentralized finance normally Ethereum based platforms and support Erc20 Wallet. MetaMask and myetherwallet are available in DeFi wallet.
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For me, DeFi has to fit into the mainstream of financial services. That means it has to partner with traditional institutions, as Grayscale did with its Bitcoin stock: GBTC. Before partnering with them, to achieve this, DeFi projects must build easy entry methods, including easier user interfaces, accessible services and products and stablecoins that make it easier for ordinary users to buy digital assets and participate in decentralized financial services.
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DeFi a Ethereum based platforms.
DeFi is a permissions less business model.
One can participate anywhere in the world without kyc and credit card
DeFi support Erc20 and erc721 wallet
MetaMask, myetherwallet, trust Wallet and imtoken wallet are used for DeFi project.
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Of course DeFi is a Ethereum based decentralized finance system which supports Erc20 and erc721 wallet. I kni so far MetaMask is the best choice for trading connections in uniswap exchange. Myetherwallet and trustwallet also favourite Defi projects support wallet.
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Of course DeFi is a Ethereum based decentralized finance system which supports Erc20 and erc721 wallet. I kni so far MetaMask is the best choice for trading connections in uniswap exchange. Myetherwallet and trustwallet also favourite Defi projects support wallet.
Yes sir DeFi support Erc20, erc21 erc721 wallet. Now a days DeFi also support Tron wallet.