Decentralized finance (DeFi) is one of the hottest digital asset trends of 2020, with an explosion of interest from both crypto investors, and developers paving the way for major growth. DeFi is a way to use blockchain technologies, such as Ethereum and Tron, to power financial instruments such as lending, borrowing, and additional complex setups.
DeFi is changing the landscape of financial services and has opened up the door to a new world of possibilities, most notably when it comes to offering more financial freedom to users.
It is no wonder then, that DeFi has been one of the hottest topics of the year. From Uniswap’s successful launch of an Automated Market Maker (AMM), to the many decentralized savings and yield farming opportunities, investors have had no shortage of options to choose from.
For those new to DeFi, it can seem daunting at first to understand exactly what it is and how it works behind the scenes. However, DeFi makes it easier than ever to access digital asset markets and take full control of your finances.
But DeFi is not only attracting experienced investors and traders, it is also offering new ways to get involved. As DeFi becomes increasingly popular, more services are popping up to cater to the needs of people new to the space.
In the past year, new protocols and services have been developed to make DeFi more accessible to the common investor. For example, some Defi projects now offer users blockchain-secured pooled farming options and automated bots to increase the yield on their investments.
Overall, it has become easier for everyone from beginner to expert to make use of DeFi services and reap the rewards. More and more people are seeing the potential of DeFi and it looks set to continue growing well into 2021 and beyond.
The hype around DeFi is well deserved, and it is no surprise why it has become the talk of the town. It is allowing anyone to gain access to the global financial system, whether they are tech-savvy individuals, or companies looking to expand their services.
Whether you’re an experienced crypto trader, or taking your first steps into DeFi, now is the perfect time to jump in and be part of this industry-changing trend. With DeFi, the possibilities for the financial system of the future are endless. Follow us for more of the latest DeFi news and updates.