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DeFi Everything you need to know about the future of finance

Decentralized finance is a financial system that runs on a decentralized network of computers rather than a single server. Decentralized finance (Defi) is an emerging digital financial infrastructure that theoretically eliminates the need for a central bank to approve financial transactions.

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DeFi Everything you need to know about the future of finance

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  1. DEFI: EVERYTHING YOU NEED TO KNOW ABOUT THE FUTURE OF FINANCE Defi Development Company IN India Get started www.lbmblockchainsolutions.com

  2. Why Does Decentralized Finance Matter? The advent of decentralized finance protocols has opened up a world of opportunities for those who were previously excluded from the traditional financial system. For example, MakerDAO’s DAI stablecoin is available to anyone with an Internet connection all you need is some Ether (ETH). This is in stark contrast to fiat currencies, which are subject to strict KYC/AML requirements. What’s more, because DAI is backed by ETH, it experiences much less volatility than other fiat-pegged stablecoins. As such, it has become a popular choice for payments and transactions where stability is key.

  3. How Defi is different from Traditional finance • Accessibility: Anyone with an internet connection can access a DeFi (Decentralized Finance) platform and transactions occur without any geographic restriction, unlike our traditional finance system. • Low fees DeFi enables any two parties to directly negotiate interest rates and lend money via Decentralized networks. • Autonomy: DeFi platforms don't rely on any centralized financial institutions and are not subject to adversity or bankruptcy. The decentralized nature of DeFi protocols makes them secure.

  4. Contact Us GR Tower, 3rd Floor, Phase 8-A, Industrial Area , Sahibzada Ajit Singh Nagar, (Mohali) Punjab 140308 +91-8448443318 info@lbmsolutions.in www.lbmblockchainsolutions.com

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