Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => DeFi tokens => Topic started by: EAA-ALLAH on September 12, 2020, 09:15:55 AM

Title: DeFi and lego money, just same?
Post by: EAA-ALLAH on September 12, 2020, 09:15:55 AM
DeFi is sometimes known as “Lego money” because you can stack dApps together to maximise your returns. For example, you could buy a stablecoin such as DAI and then lend it on Compound to earn interest, all using your smartphone.
Title: Re: DeFi and lego money, just same?
Post by: Msweet on September 18, 2020, 05:11:48 AM
Decentralized Finance (DeFi) is the movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries.
Title: Re: DeFi and lego money, just same?
Post by: hair on October 06, 2020, 02:23:00 AM
Looks like more profit can be obtained in the DeFi project. is this a safe way to make a loan?
Title: Re: DeFi and lego money, just same?
Post by: Coin63@ on October 06, 2020, 06:53:27 AM
DeFi and lego money two very much new word in cryptocurrency market. I don't have enough knowledge about lego money and DeFi. I just understand DeFi means decentralized finance which create complex relationships between finance and cryptocurrencies.
Title: Re: DeFi and lego money, just same?
Post by: Hometown on October 22, 2020, 12:14:26 PM
DeFi means decentralized finance and lego money means which many people are borrowing and lending from DeFi projects by participating in boarderless or permission with a decentralized exchange.
Title: Re: DeFi and lego money, just same?
Post by: Altcoin1998$ on October 24, 2020, 05:51:20 AM
I don't know anything about lego money but I have a simple knowledge about DeFi. DeFi a Ethereum based platforms which combine to different processes in a systematic way.
Title: Re: DeFi and lego money, just same?
Post by: H2O on November 04, 2020, 02:34:10 AM
DeFi a elaborate form of decentralized finance. Decentralized finance system is a decentralized nature which has no define third parties, no permission to participate,...

Legos money means borrow money in DeFi.
Title: Re: DeFi and lego money, just same?
Post by: EAA-ALLAH on November 07, 2020, 04:46:16 PM
Quote from: H2O on November 04, 2020, 02:34:10 AM
DeFi a elaborate form of decentralized finance. Decentralized finance system is a decentralized nature which has no define third parties, no permission to participate,...

Legos money means borrow money in DeFi.
Yes brother decentralized finance shortly termed as Defi which nowadays very important and popular around the crypto industry or market. People are interesting and getting familiar with different types of Defi projects.