Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => DeFi tokens => Topic started by: EAA-ALLAH on November 21, 2020, 12:29:10 PM

Title: What is DeFi and CeFi?
Post by: EAA-ALLAH on November 21, 2020, 12:29:10 PM
CeFi means or refers to  the legacy financial industry by allowing people to earn interest or get loans, whereby they use their cryptocurrencies as a form of collateral.

DeFi refers to the application of smart contracts to financial instruments thereby removing the need for users to trust a middleman or corporation
Title: Re: What is DeFi and CeFi?
Post by: Fadhilz123 on November 21, 2020, 02:07:59 PM
CeFi means or refers to  the legacy financial industry by allowing people to earn interest or get loans, whereby they use their cryptocurrencies as a form of collateral.

DeFi refers to the application of smart contracts to financial instruments thereby removing the need for users to trust a middleman or corporation
This is the first time I hear it, but from your explanation, it is another way to make a headache. I don't like it
Title: Re: What is DeFi and CeFi?
Post by: EAA-ALLAH on November 22, 2020, 11:01:52 AM
CeFi means or refers to  the legacy financial industry by allowing people to earn interest or get loans, whereby they use their cryptocurrencies as a form of collateral.

DeFi refers to the application of smart contracts to financial instruments thereby removing the need for users to trust a middleman or corporation
This is the first time I hear it, but from your explanation, it is another way to make a headache. I don't like it
Hey mate ,, before launching Defi (Decentralized finance) all projects were in cefi ( centralized finance) .. defi a temporary hyped and cefi all time parallel projects.
Title: Re: What is DeFi and CeFi?
Post by: Paglamon on November 27, 2020, 09:17:20 AM
Centralized finance keeps financial services within a certain range. On the other hand, decentralized finance is able to launch financial services worldwide. DeFi can deliver financial services worldwide. There is a relationship between cryptocurrency and centralized. But cryptocurrency and decentralized finance make financial services easier. Many more investors are advised to invest here from a distant place.
Title: Re: What is DeFi and CeFi?
Post by: Riya143 on November 27, 2020, 11:47:31 AM
DeFI is able to deliver decentralized finance financial services worldwide. CeFI is centralized finance. Which is able to deliver financial services to any country or region of its own. So now DeFi has gained a lot more popularity. It is expected to be more popular in the future.
Title: Re: What is DeFi and CeFi?
Post by: Casual on November 28, 2020, 03:22:23 AM
CeFi means or refers to  the legacy financial industry by allowing people to earn interest or get loans, whereby they use their cryptocurrencies as a form of collateral.

DeFi refers to the application of smart contracts to financial instruments thereby removing the need for users to trust a middleman or corporation

In fact I know fairly well about DeFi.  But I had no idea about CeFi.  I got a complete idea about it after reading your post.  Thank you very much in your own name bro.
Title: Re: What is DeFi and CeFi?
Post by: saprakib on November 28, 2020, 10:08:46 AM
CeFi means or refers to  the legacy financial industry by allowing people to earn interest or get loans, whereby they use their cryptocurrencies as a form of collateral.

DeFi refers to the application of smart contracts to financial instruments thereby removing the need for users to trust a middleman or corporation
A good and simple explanation about Defi and Cefi by moderator. I think it is always the best tp use Defi as i wanna be anonymous always. I have invested many project on Defi and get huge amount of profit.   
Title: Re: What is DeFi and CeFi?
Post by: Apower$ on November 30, 2020, 11:48:13 AM
DFI refers to the application of smart contracts in the tools of the economy through which users eliminate the need to trust any intermediaries or corporations.
 CFI refers to the inherited financial industry by allowing people to earn interest or get it, through which they use their cryptocurrencies as collateral.
Title: Re: What is DeFi and CeFi?
Post by: Triedboy on November 30, 2020, 11:57:45 AM
Your post is actually very beautiful. These two have given you beautiful examples about which one.  Hopefully those who were unfamiliar with this topic will find out after reading your post. Thank you very much.
Title: Re: What is DeFi and CeFi?
Post by: H2O on December 01, 2020, 08:21:38 AM
Defi is the short form of decentralized finance and cefi is the short term of centralized finance. Defi is a boarderless business and cefi is a central permitted business system.
Title: Re: What is DeFi and CeFi?
Post by: yemight62 on December 01, 2020, 06:52:40 PM
Even Defi projects now supports loan.  As a Hunter, I have advertised for few projects that supports this.  You get to lend out your assets by depositing a specific amount to liquidity. Defi is growing bigger. One needs to be updated.
Title: Re: What is DeFi and CeFi?
Post by: Churphans on March 21, 2021, 01:11:09 AM
Centralized finance and decentralized finance shortly mate called cefi and DeFI. But recently decentralized finance (DeFI) becoming most important and discussble phenomena in cryptocurrencies market.
Title: Re: What is DeFi and CeFi?
Post by: Monster5 on March 22, 2021, 10:53:08 AM
DeFi and CeFi read your post Got ideas about.This post is really a very informative one Post.Everyone read this post DeFi and CeFi What to know about this.Thank you so much for making this post.
Title: Re: What is DeFi and CeFi?
Post by: Dora Walletinvestor on March 22, 2021, 12:45:47 PM
CeFi means or refers to  the legacy financial industry by allowing people to earn interest or get loans, whereby they use their cryptocurrencies as a form of collateral.

DeFi refers to the application of smart contracts to financial instruments thereby removing the need for users to trust a middleman or corporation
This is the first time I hear it, but from your explanation, it is another way to make a headache. I don't like it

Haha, yes, there are certainly simpler ways to explain it.

DeFi simply means decentralised finance, where it's not a certain authority that manages the circulation of money, it has an algorhytmic background instead.

And CeFi is just a new term for traditional finance.
Title: Re: What is DeFi and CeFi?
Post by: Sumaiya2 on March 22, 2021, 01:18:04 PM
Defi has now become a widely known platform.  Because the Cefi platform has been here for some time but not as well known as the Defi platform.  Defi Platform is a very popular platform in cryptocurrency.
Title: Re: What is DeFi and CeFi?
Post by: Dora Walletinvestor on April 13, 2021, 06:33:27 PM
Defi has now become a widely known platform.  Because the Cefi platform has been here for some time but not as well known as the Defi platform.  Defi Platform is a very popular platform in cryptocurrency.

How could it not be well-known? Almost everybody in the world uses CeFi in their lives in some form :D