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Traditional banking instruments are expensive and limited. However, a resolution has emerged in the form of DeFi, or Decentralized Finance.
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DeFi apps are rooted in three foundational pillars: cryptocurrency, blockchain, and smart contracts; Powered by stablecoins like USDC and the capabilities to develop on them, like Ethereum.
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It is a permissionless alternative that hands you complete control over your assets – not just more control like fintechs, but total control. the potential? limitless.
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Simply put, DeFi recreates traditional services in a decentralized way. Think lending, remittance, savings, and insurance – all with transparent accessibility.
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Here’s the game-changer: no middlemen. it’s like a bank that runs itself. smart contracts call the shots. you deposit crypto, others borrow, and you earn interest.
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The best part? No credit checks. No surrendering your data. DeFi ensures privacy, opening doors for everyone.