Zora

In celebration of the one-year anniversary of the Zora protocol and the initial release of zorb, we invite you to mint a commemorative NFT for your collection. Minting is open for 20+22 hours on New Years Day and cements your status as an early supporter of Zora.


[zorb.dev](https://zorb.dev/) by [zora.co](https://zora.co).

ZORBS by ZORA

Key Features of DeFi:

1. Decentralization: Users can access financial services without intermediaries.

2. Transparency: All transactions are recorded on the blockchain and are publicly visible.

3. Global Access: Anyone with internet access can use these services.


4. Smart Contracts: These automate financial operations without human intervention.

DeFi Services:

Lending and Borrowing: Platforms like Aave and Compound allow users to lend or borrow assets and earn interest.

Decentralized Exchanges (DEXs): Platforms like Uniswap and PancakeSwap enable users to trade tokens directly without registration or KYC.
Yield Farming: Users earn rewards by providing liquidity to DeFi pools.
Decentralized Insurance: Protocols like Nexus Mutual offer insurance services.
Pros and Challenges:
Pros:
Eliminates intermediaries.
Reduces costs.
Easy access for everyone.
Challenges:
Risk of smart contract hacks.
High token price volatility.
Regulatory uncertainties