The Future of Personal Finance | HackerNoon

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In the future, personal finance management will combine DeFi and CeFi to give users more control and power over their financial assets. - by tarun_rama blockchain fintech

In this blog, we will take a look at the world of finance and introduce you to a revolutionary new approach to financial management.

The development of AMM-based automated financial products has enabled decentralized liquidity pooling, a vital lever for creating synthetic assets and stablecoins. In addition, the emergence of automated lending protocols has facilitated decentralized asset borrowing and lending, enabling rapid collateralization.AMM is an automated market maker that allows users to trade contracts with no human intervention or centralized custody provider.

Therefore, a solution where investors can issue loans using decentralized finance smart contracts and employ an interface similar to those used by traditional asset managers when managing portfolios. A converged ecosystem combining DeFi and CeFi financial elements will be vital in boosting blockchain mass adoption. It will drive down volatility through excellent price discovery and arbitrage opportunities while reducing risks by distributing security responsibilities between both types of systems.

An ecosystem that combines both DeFi and CeFi can ensure that volatility is reduced while also minimizing risks.DeFi is an integral part of the digital economy, but it also has problems that must be solved. For example, centralized projects have caused some users to lose their funds because they do not have sufficient security measures. On the other hand, the main advantage of CeFi is its security; however, this comes at the cost of high volatility and low liquidity.

 

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