Interest in decentralized finance (DeFi) is increasing day by day
DeFi is the name given to financial structures consisting of decentralized and finance words and not connected to any center or authority. DeFi is decentralized financial that was created to build a more democratic financial system and to enable people who do not have access to traditional financial systems to be able to do financial affairs. Investors who want to move away from centralized platforms are increasingly interested in decentralized platforms.
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After the crisis in 2008, many people lost their trust in banks and state central banks. Since governments can print unlimited money and change valuations, it has increased people's interest in systems that no one can interfere with. Cryptocurrencies, especially Bitcoin and Ethereum, have been one of the most important assets that emerged in this field. They were the DeFi structuring that was decentralized, allowing thousands of people to get involved. In this way, with blockchain, where central authority is not needed, the finance area has become more free. Users can preserve their own assets and send it to someone else without an intermediary. DeFi offers better and more advantageous features than traditional financial systems.
Yearn Finance (YFI), one of the most popular DeFi projects, rose 40% to $ 76,667 in the last 24 hours. Yearn Finance (YFI) had a rough start to 2021. It was criticized by many investors for shortcomings in the platform. They also had great difficulty in finding funding. But in the following days, they overcame these problems with the updates made on the platform and the support from investors. YFI has increased by about 360% within 5 months. And the amount that is currently locked on Yearn Finance has reached up to $ 4.347 billion. This was not the success that came in a day or a month. It was a success that came with the innovations on the platform and the support of investors. Yearn Finance (YFI) was trading at $ 6,000 in August 2020. It started to be listed on Binance on August 10, 2020. It is currently trading at $ 76,000.
Cub Finance, one of the other DeFi projects, has made a great start despite its newly established. Currently, the amount locked on Cub Finance (TVL) is over $ 16 million. And new features will be added in the coming days. The Cub Finance team is working hard on innovations and updates. With innovations and updates to be added in the future, I think the amount to be locked could exceed $ 100 million. You can use financial tools on cubdefi.com. Also, Cub Finance (CUB) offers an incredible opportunity to invest right now. CUB is currently trading at $ 1.83. Normally I think it should be over $ 10.
You can earn with high APR rates by staking on CubDefi.
Farms Stake LP tokens to earn CUB
Dens Stake tokens to earn CUB
If you want to follow detailed information and new developments about Cub Finance, I recommend you to follow @leofinance articles.
In short, people are moving away from central platforms day by day due to the problems they are experiencing. And the interest in more democratic and more independent decentralized platforms is on the rise. As a financial solution, DeFi serves investors more innovative, cheaper and better. Approximately 1.7 billion people around the world have access to the traditional financial system. But DeFi can be accessed by anyone and there are no restrictions. In short, with the blockchain, where there is no need for central authority, the finance area has become more free.
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Defi is banking the unbanked and giving everyone access to industry leading financial tools that they can leverage to profit from, traditional Banks that want to survive this era need to restructure to fit their biz models into what’s going on now in crypto....or just fade into oblivion as a cash remittance service to provider.
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They have to adapt to the changing world or they will disappear. Those who are already smart have started to adapt to change.
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I agree that DeFi provides access to financial tools previously unknown to the unbanked, the only hurdle to access is knowledge
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