Decentralized Finance (DeFi)

Decentralized Finance (DeFi) aims to provide similar financial services like banks while remaining decentralized, open and fair.

Traditional banking allows for unclear and unfair practices that lacks transparency. Those with superior information can take advantage of those less informed and thereby create an uneven playing field.

Users also lack control over their financial assets when using traditional banking and trading platforms.

DeFi aims to solve these problems using smart contracts and blockchain technology

Currently, there is roughly $US250 billion locked in smart contracts across different blockchain platforms.

However, given the market size of the traditional financial market, the DeFi market is expected to grow exponentially.

The decentralized and transparent system that DeFi provides allows for a fair, safe, and profitable alternative to traditional banking.

It is for the above reasons that DeFi will be adopted to grow and sustain a thriving, decentralized DigiVerse economy that is free from centralized control.