Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The system removes the control banks and institutions have on money, financial products, and financial services. Meaning, instead of a centralized bank that controls the currency it's a piece of code.
Here is an example, if you want to sell your Crypto normally you would need to do that through a centralized exchange and pay immense fees, and have to deal with possible long wait periods. You can instead sell your Crypto through our DeFi platform, this way the transaction remains Decentralized the fees are minimal to none, there is no waiting period, and is also safer.
Some of the Key attractions of DeFi for many Customers are:
- It eliminates the fees that banks and other financial companies charge for using their services.
- You hold your money in a secure digital wallet instead of keeping it in a bank.
- Anyone with an internet connection can use it without needing approval.
- You can transfer funds in seconds and minutes.