. The transactions get executed automatically through smart contracts on the blockchain, which includes the agreement of the deal.
"Anyone can actually build businesses on top of these protocols and using them the same way as we can today build an internet business on top of the HTTP IP protocol," said Stani Kulechov, founder of a DeFi protocol called Aave. Decentralized finance has captured only 5% of the crypto space, according to CoinGecko, but it has seen massive growth recently. There was, up from $4 billion just three years ago. To be sure, DeFi's growth has slowed since the summer of 2020, and regulatory scrutiny from Capitol Hill has spiked over fears of crypto's checkered past.
Watch the video to learn how decentralized finance works, why the space is booming, and why regulators are keeping a close eye on it.
Never gonna happen. If not banks, then money lenders. Otherwise, 'decentralised finance'. Just call 'em banks. They're all just nomenclatures.
Time to ponder why centralised systems lost the trust of the folks. It’s the culmination of this, that gave birth to an beautiful alternative :DeFi ! Power back to the people. fiduciary at its ebb..
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Mask mandate in Las Vegas has been lifted.
I’m Glad you guys are Honest about DeFi making banks obsolete
FED would welcome any $ invested in BTC, NFT or any Shitcoin, so it's not invested in Gold & Silver, helping Banks to manipulate Gold & Silver price, suppressing it on behalf of FED to raise confidence in fiat.
Not just taking on, crushing…
LatticeExchange are cutting edge DeFi innovation leaders $LTX
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