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Thread: decentralized finance

  1. #1

    Default decentralized finance

    I heard that so many people are striving for decentralized finance, what are the clear advantages that can be highlighted? And can DeFi be used in any area of ​​life?

  2. #2

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    Due to the monopolization of banks, we do not have control over our savings, decentralized finance solves this issue. Application developers cannot influence the money of the participants, and the latter independently manage their budget. Application developers cannot influence the money of the participants, and the latter independently manage their budget. The advantages of decentralized finance can be distinguished: Simplicity and availability of technology for ordinary people; more secure and resistant to technical errors system; lower commissions (or lack thereof). Another plus is versatility. DeFi https://www.chilediscover.com/best-d...ects-2022.html can be used in almost any area of ​​life.

  3. #3
    Beginner
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    If you're looking for the Benefits of Decentralized Finance, I'd like to point out that decentralized finance uses core Ethereum blockchain ideas to improve financial security and transparency, open liquidity and development potential, and enable an integrated and regulated economic structure.

  4. #4

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    Interesting discussion here. HardCort, DeFi presents as a new avenue to earn wealth and as hungry points out you are in control. Additionally, Defi removes the need for intermediaries as it's peer to peer or direct. So you save on fees but they need to sort out transaction fees still as it's quite high. It's a whole new world of finance and would suggest you do your own research as a start. You also need to find a good wallet. I have been looking at Trustology as they have a good rep as being the go to custodian for Decentralised Finance for investors. But you need to decide what's right for you eg custodial vs non-custodial wallets. I personally prefer custodial as they are often times insured and hold to high security and regulatory standards.

  5. #5
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    While you go through the various quality and not-so-quality sites, Bangladesh is happy with at least some. And so a list with quality ones is essential to them. Try https://******sanalyzer.com/online-c...bangladesh-bgd for yourself.

  6. #6
    Jr. Necki
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    Quote Originally Posted by HardCort View Post
    I heard that so many people are striving for decentralized finance, what are the clear advantages that can be highlighted? And can DeFi be used in any area of ​​life?
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