A Short Guide to DeFi and The Metaverse: What is it and Why Should You Care? | HackerNoon

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'A Short Guide to DeFi and The Metaverse: What is it and Why Should You Care?' by c3po_no defi metaverse

Decentralized finance and the metaverse are mainstream today. In 2022, investments in these areas will increase exponentially, even despite the bear market. In this article, let's take a look at what DeFi and Metaverse are, what their prospects are, and why you should pay maximum attention to these areas.Decentralized finance is an environment in which participants have 95% control over their assets.

Advantages of DeFi include full access for anyone with internet access, low transaction fees , and free access to various financial services such as lending and borrowing. Decentralized Crypto Exchanges . Such crypto exchanges do not gain control over the assets of participants, and all exchanges take place P2P. Examples of decentralized crypto exchanges: Uniswap, SushiSwap, PancakeSwap.

Liquidity farming. This is a liquidity pool operating on the AMM principle, and its participants receive rewards in tokens. Examples of platforms for liquidity farming: Nominex, Binance, Huobi. The main thing to always remember about the Metaverse is that it is not one place. This is a collection of new digital spaces that people call the next iteration of the Internet.

 

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