Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: EAA-ALLAH on September 12, 2020, 09:11:00 AM
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The biggest advantages of DeFi is that its permissionless to participate (no KYC, credit score, etc.), same rules apply to everyone, liquidity is 'borderless' (you can access the market from anywhere & anytime as long as you have internet), and it's non-custodial so you have full control over your money.
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The biggest advantages of DeFi is that its permissionless to participate (no KYC, credit score, etc.), same rules apply to everyone, liquidity is 'borderless' (you can access the market from anywhere & anytime as long as you have internet), and it's non-custodial so you have full control over your money.
Decentralized fiat the bonding bridge between Decentralized fiat with cryptocurrencies . Defi the best discussing matter in the market. Defi refers to lending, borrowing and interesting money prefers to legos money .
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In addition, one of the advantages of Defi includes,
Affordable Cross Border Payments.
A decentralized financial system removes the need for costly intermediaries, making sending money to loved ones overseas more affordable.
In the current remittance system, there are too many intermediaries involved, making cross border payments too expensive. The current global remittance fee is roughly 7%. In a decentralized financial system, remittance fees could well be below 3%.
Also, it Improved Privacy and Security.
In decentralized finance, individuals have full control and custody of their wealth. There are no intrusive KYC procedures, and transactions can take place without validation from a third party. This is unlike the current system where users’ wealth and personal information are stored in institutions where it is at risk.
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I think the advantage of DeFi is more efficiency in reducing the high costs of borrowing and providing loans safely, transparently and quickly.
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The advantages of DeFi never be described in a single word. DeFi creates communicate with the decentralized finance with cryptocurrencies. DeFi is a platform of borrowing, sending and interesting money.
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The biggest advantages of DeFi is that its permissionless to participate (no KYC, credit score, etc.), same rules apply to everyone, liquidity is 'borderless' (you can access the market from anywhere & anytime as long as you have internet), and it's non-custodial so you have full control over your money.
In my opinion, DeFi has three main advantages:
Programmability. The ability to use smart contracts running on the Ethereum blockchain allows you to program the execution of all transaction conditions and generate new financial instruments and valuable assets.
Safety. DeFi application data is capable of being stored on hundreds and thousands of different nodes, which prevents hackers from attacking or compromising the system in order to gain control over the data. In addition, no single node in the DeFi system is able to harm the entire network, which tells us that the distribution of data storage and their confirmation occurs evenly among all nodes in the network.
Compatibility. The ability to share Ethereum protocols allows the various DeFi to interact with each other, which creates the opportunity for DeFi to emerge as a complete financial system.
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The main advantages of DeFi is that the biarderless borrowing, sending and interesting money to no kyc and credit store card. You can get any benifits from any time, any place and any payment methods.
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People are becoming more and more choosy about the level of decentralization and site security. The only thing that can attract people to DeX-exchanges is the lack of verification and the ability to control the deposit. Plus, in the coming years, decentralized applications can replace many intermediary companies - this is one of the main advantages.
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The advantages of DeFi never be described in a single word. DeFi creates communicate with the decentralized finance with cryptocurrencies. DeFi is a platform of borrowing, sending and interesting money.
Yes expert, DeFi is the full abriviation of decentralized finance. Decentralized finance is a communicative system of finance and cryptocurrencies bonding by decentralized exchanges.
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Fast of all everything I mind day by day popularity increas DeFi coins .DeFi creating communicate with the decentralized finance with crypto market.
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I don't see any difference between DeFi and any other cryptos
We already can send money without any entity with cryptos.
Why so much hype over DeFi?
Any bubble will burst.
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borrowing money is not as easy as we imagine for now, the bank will put forward many conditions with a complicated process. Defi makes it easy for you as a borrower without the need to use KYC, check someone's reputation and much more.
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The biggest advantages of DeFi is that its permissionless to participate (no KYC, credit score, etc.), same rules apply to everyone, liquidity is 'borderless' (you can access the market from anywhere & anytime as long as you have internet), and it's non-custodial so you have full control over your money.
Decentralized finance system is the permission less trading, sending, borrowing and lending money from decentralized exchange without kyc .
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DeFi provide easy access to financial services, especially for those who are isolated from the current financial system. Also, Defi users would maintain full control over their assets and interact with the ecosystem through peer-to-peer (P2P), decentralized applications (dapps).
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DeFi is a biarderless decentralized finance system which communicate with cryptocurrencies without permission of kyc, debit or credit card, any other score. By DeFi systems anyone can participate in anywhere in the world cryptocurrency market if they have enough money and internet connections or WiFi. Now DeFi projects is the best investment plans in running market.
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DeFi is the borderless decentralized finance system which is a common issues in the running cryptocurrency market cap. Some defi projects already overcome bitcoin price (not ranked). But I don't know anything better about DeFi but the main advantages of DeFi projects is that spread the business system overall the world without permission of two parties. It a business model of excluding kyc processing.