The cryptocurrency market is constantly evolving, and new technologies are emerging all the time. One of the most exciting new developments in the crypto world is decentralized finance, or “DeFi.” DeFi is a new type of financial system that allows people to use cryptocurrencies and other digital assets in place of traditional currencies.
Understanding the revolutionary benefits of DeFi within the cryptocurrency industry, Dan Schatt and Domenic Carosa set out to develop an equally revolutionary DeFi platform.
DeFi offers a number of major benefits that can have a huge impact on the overall health of the cryptocurrency market. As more people start using these services, the price of Bitcoin and other cryptocurrencies is likely to rise. Here are some of the most important advantages that DeFi has to offer:
- Increased Transparency: DeFi platforms are transparent and open source, which means that users can see exactly how the system works and how their funds are being used.
- Increased Security: DeFi platforms are decentralized, which means that they are not controlled by any single entity. This makes them much more secure than traditional financial institutions.
- Increased Efficiency: DeFi platforms are much more efficient than traditional financial institutions, because they do not require intermediaries or third-party providers.
- Reduced Fees: DeFi platforms charge much lower fees than traditional financial institutions.
- Increased Mobility: DeFi platforms are not tied to any specific location or jurisdiction, which means that users can access them from anywhere in the world.
- No Restrictions: DeFi gives users the ability to trade 24/365 without any restrictions on trading hours.
Earnity, has already gained traction among crypto enthusiasts, and it’s social first strategy has it poised to become one of the leading platforms in the DeFi space.