Decentralized Finance (DeFi) refers to a system of financial applications built on blockchain technology, enabling users to have full control over their digital assets. DeFi applications, like Compound and Uniswap, are permissionless and designed for global, transparent, and flexible user experiences. While DeFi offers unique opportunities, it also comes with risks, including past incidents of hacks, and future developments will likely focus on decentralized governance and user-controlled identity.

1. What Is
DeFi ?

2. Decentralized
Finance
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A Beginner’s Guide

3. DeFi - What Is It ?
The DeFi is a short form of Decentralized Finance (DeFi). This
Decentralized Finance or Open Finance is one that includes digital
assets, protocols, decentralized applications that are built on
blockchain, smart contracts and so on.
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4. What is DeFi Offering?
DeFi is the process of offering the control of your own assets on your
hands.
Although we have more control over our assets in the new-age banks
and Fintech organizations, still we trust them for managing our funds.
The main objective of DeFi system is to provide full control over your
assets through the effective use of decentralization and blockchain
technology.
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5. Specialties of DeFi Dapps
❏ DeFi is Permissionless - To Create and To Participate
❏ DeFi - Not Managed by any Individual or Institution .
❏ DeFi Dapp - Globally designed .
❏ DeFi is designed with Transparent Codings
❏ DeFi is known for its Interoperable
❏ DeFi - Flexible user experience
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6. Popular DeFi dapps
Here let us look at some of the popular DeFi dapps that do various
processes.
❏ Compound - Lending and Borrowing app
❏ Uniswap - Automated Token Exchange Platform
❏ Augur - Market Prediction
❏ Synthetix - Synthetic Assets
❏ MakerDAO - Stablecoin and Decentralized Reserve Bank
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7. How Decentralized Is DeFi Really?
The degree of decentralization in DeFi service varies since neither each
component can be decentralized nor it should be.
All the components of DeFi should be decentralized in a defi product and
but as of now, there is no such DeFi protocol that is fully decentralized.
Thus until the complete adaptation of DeFi services into law, there will
always be some amount of centralization present in the DeFi services.
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8. Is There Any Risk Involved With
DeFi?
DeFi has its own risks too.
Handling the cryptos, finance tools requires some enhanced knowledge as
there involve risk factors.The DAO hack has occurred in June 2016, through
which hackers managed to transfer 1/3 of DAO funds to another account by
making use of the vulnerability in its coding. This forced the restoration of
funds by the hard-fork of the ethereum blockchain.
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9. DeFi - In Future
The origination of DeFi dapps mainly focuses on the collateral as a
safeguard, which means one must already own crypto to provide it as
collateral for the process of borrowing of more cryptos.
Unlike the traditional borrowing and lending system which is unsecured and
rely on the identity system, this decentralized identity is being universal and
privacy-preserving.
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10. DeFi - In Future
In the Future, crypto wallets will be the portal for all the digital asset
activities as like the internet being a portal for the world’s news and
information. We are also experiencing the move towards decentralized
governance and also decision making in the DeFi ecosystem.
Thus, DeFi space will build an open financial system and make the entire
financial industry to blossom from scratch.
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11. What Is Decentralized
Finance ( DeFi ) ?
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Know More Information About DeFi @

12. Bitdeal - Decentralized Finance Solutions
We, Bitdeal - Noteworthy Blockchain
Development Company offers the complete end-
to-end blockchain solutions for all startups and
enterprises. As an anterior adopter of new trends
and technologies, we started providing
decentralized finance solutions for our clients all
over the globe.

13. “Get an unbeatable Decentralized Finance
Solutions from Bitdeal to create a
"Decentralized Finance Ecosystem".
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Whatsapp : +91 9677555651
E-mail : Sales@bitdeal.net
Telegram
:https://t.me/salesbitdeal
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Contact Us

15. Stay Tuned
!!
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