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Roya 🐹 pfp
Roya 🐹
@art-technology
What activities can be done in DeFi? As we have already explained, various financial activities can be done in DeFi. These financial activities in traditional systems require intermediaries such as banks, but in the decentralized financial ecosystem, they are carried out using smart contracts on the blockchain platform without the need for intermediaries. In fact, DeFi is peer-to-peer (P2P) and the transaction is done directly between two people (without the intermediary of a central institution). Among the activities that can be done in DiFi are the following: Lending & Borrowing Exchange of digital currencies (Trading) staking Liquidity Providing Yield Farming Asset Management Buying and selling financial derivatives Using Decentralized Insurance Create or buy stablecoins Participation in governance of protocols Decentralized Payments Using NFT in DeFi
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0xwiiish28🎩⚡️🎭 pfp
0xwiiish28🎩⚡️🎭
@arezo-fjb
The ability to conduct transactions without intermediaries, reduce costs, increase access to financial services for low-income classes, and improve security and transparency are just some of the benefits that DeFi offers to millions of people around the world.
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