Decentralized finance (DeFi ) solutions is creating a path-breaking revolution

1
Decentralized Finance (Defi) Solutions

• What is DeFi?

2
What are Decentralized finance (DeFi) solutions?

• It represents an alternative financial system
  that does not involve any intermediaries or
  central authorities.
• It functions through DApps and Smart contracts.
• The total value locked in DeFi is more than 17.8
  billion now.
• DeFi solutions are mostly created on existing
  blockchain networks like Ethereum, Bitcoin, TRON,
  and EOS.

3
2) What are the benefits of utilizing
Decentralized finance (DeFi ) solutions?

• It is highly transparent as all the activity is
  known to the participants on a real-time basis by
  looking at the blockchain-based ledger.
• The overhead costs are very less as software is
  relied upon without human intervention. This
  leads to greater operational efficiency.
• Anyone in the world can access DeFi solutions
  irrespective of their economic or social
  background.
• Users have 100 control over their assets as no
  central authority has the power to block a
  transaction or revoke an account in a DeFi-based
  system. It uses non-custodial protocols.

4
3) What are the famous DeFi projects currently in
existence?

• In the borrowing and lending of cryptos, the
  likes of Maker, Aave, and Compound are the
  leaders. All these platforms run on the Ethereum
  blockchain network.
• Decentralized exchanges like Uniswap, SushiSwap,
  Curve Finance, and Balancer are witnessing a huge
  increase in the number of assets managed on their
  respective platforms.
• Processing payments quickly for the users have
  been ensured by players like Flexa, Matic
  Network, and the Lightning Network.
• Derivatives trading has been spearheaded by
  Synthetix, HEGIC, and Opyn.

5
4)What are the main challenges to the growth of
Decentralized finance (DeFi ) solutions

• Regulatory uncertainty is a big obstacle as it
  has led to a cluttered ecosystem and lack of
  uniformity or standardization.
• Many DeFi solutions are still slow when compared
  to centralized networks as they lack both
  liquidity and scalability. This leads to the
  absence of product optimization.
• The user experience is still unintuitive as most
  of the DeFi applications are still undergoing
  technical experimentation.
• Technical risks like bugs in the smart contracts
  can lead to the occurrence of fraudulent
  transactions contributing to the swindling of
  funds of the users that are irreversible on the
  blockchain. This affects investors confidence.

6
5) The future expected for Decentralized finance
(DeFi ) solutions

• DeFi solutions have bright times ahead as they
  aim to challenge the status quo of centralization
  and shift powers from authorities to the hands of
  the users.
• The upcoming launch of Ethereum 2.0 will lead to
  more innovation in the DeFi space contributing to
  more mainstream adoption.
• DeFi solutions ensure low-cost access to basic
  financial services that would benefit, especially
  the unbanked sections of the population.
• More awareness about the positives of DeFi
  solutions will ensure that the users remain
  educated and avoid becoming a victim of scams and
  Ponzi schemes.

7
Finally.

• Decentralized finance (DeFi ) solutions will
  change how the world handles money forever. It
  overcomes the drawbacks faced in traditional
  financial services and improves financial
  inclusion along with more transparency,
  liquidity, and security.
• Contact? ?? ?WhatsApp? ?-? ?91? 6382? 665?
  ?366?
• Mail? ?-? ??info_at_infiniteblocktech.com? ?
• And Visit - www.infiniteblocktech.com