How Do You Make Money With DeFi

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How Do You Make Money With DeFi
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There are many ways to earn money, nowadays more
and more people are inclined to do it through
various platforms. Many have ventured into the
world of investments and cryptocurrencies. There
is a platform for short with the name DeFi which
stands for decentralized finance. Here you will
be able to know what DeFi is for, what it is for,
what its function is and how you can earn money
from it. So, if you are interested, do not stop
reading to us.
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What is DeFi?
DeFi, responding to the name of decentralized
platforms, was born from the creations of Bitcoin
and its main function is to create a kind of
bridge between the traditional world of finance
and the current one. In a little simpler words,
DeFi is an ecosystem where various people and
businesses make investments in cryptocurrencies
with the main purpose of generating a higher
profit on their assets.
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Among the main features that DeFi has, the
following should be highlighted
- It works through Smart contracts and
blockchain. - It does not need intermediaries,
that is, it works directly between the investor
and the business without a third party
involved. - It does not have any type of border,
you can invest from anywhere in the world. - It
is transparent because each of the applications
has its software. Now that you have basic notions
of what DeFi is, how it works, and its main
features, we will tell you which are the most
effective methods to earn money in DeFi.
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Methods to make money in DeFi

• DEX or Decentralized Exchange it is one of the
  methods that are frequently used, it mainly
  consists of several users connecting directly to
  be able to exchange cryptocurrencies with each
  other, without a third party in the equation. It
  is one of the simplest methods to make money in
  DeFi, which is why it is frequently used.
• Loan platforms The method that this type of
  application provides is that they eliminate any
  third party to obtain a loan. For example, when
  we request a loan from the bank, the bank becomes
  the third party between you and your money, but
  when this method is implemented within DeFi to
  earn money, the bank does not exist.
• WBTC or wrapped Bitcoins it is a simple way to
  send bitcoins through a network so that it can be
  used directly within DeFi, it also allows those
  who use it the opportunity to earn money by
  adding interest when using decentralized lending
  platforms.

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