DEFI(Decentralized Finance)
Defi is Decentralized Finance. Defi is the next step in the evolution of finance, creating a platform for decentralized trading and asset management.
On Defi, you can trade tokens against tokens and manage your portfolio so that your bets always pay off. Create a fund with friends to share risk and reward or simply watch others to learn from their successes and failures.
Over the coming months, Defi will be rolling out features that enable new ways for trading, from automatic price feeds to decentralized arbitrage algorithms.
Defi is a decentralized system of market makers and traders, funded by daily fees on the Defi token (DEF) issued by each user as loyalty tokens for their contribution. All trading takes place on the Ethereum mainnet, ensuring that the platform runs with integrity both technologically and legally.
The Defi platform delivers a seamless user experience, constantly improving based on feedback from users. We will be rolling out features to facilitate new ways of trading, such as automated price feeds and decentralized arbitrage algorithms.
As well as enabling regular trading of tokens on Ethereum, Defi also allows users to take part in markets that do not trade on the platform – either by creating a fund with friends to share risk and reward or simply watching others to learn from their successes and failures.
Important
*Don't be confused about the title...Defi is NOT a trading bot.
*Defi is decentralized and not a scam.
*Defi are NOT trying to copy the Bancor ICO.
*The Defi token is fully collateralized and has real utility.
*Trading is not the main purpose, but Defi does enable new ways to trade.
As with many new technologies, the application of blockchain technology has been slow to reach mainstream adoption. This is largely due to the lack of information about what blockchains are and how they work.
This puts many people on a path that could lead them astray in their quest for financial freedom. In this article we're going to go over the basics of Defi including: what is it, how it works, why should you invest in Defi, and some potential business opportunities that exist out there for businesses applying blockchain technology.
Defi will also include a glossary of terms and concepts in the financial space that you may find confusing as well as links to other resources that will help you better understand them.
Defi can be explained in three simple steps:
1.) Understand the current world of finance.
2.) Understand how blockchain technology works, and what it has to offer.
3.) Consider some use cases for blockchain technology, and see if they apply to your situation.
For step 2, we recommend this article: http://www.cryptocurrencyfacts.com/blockchain-technology/
Step 3 will be a big consideration that we can't do much in the way of guiding you towards because there are so many options and they are all unique to the business or industry. However, it's always nice to have some examples that exist out there right now.