DeFi-ing the odds: Why DeFi could rebuild trust in financial services
While legacy finance is losing the people’s trust, decentralized finance is becoming the fair and deserved future of money. To function effectively, society has long depended on people having faith in their institutions. Thanks to the COVID-19 pandemic and wide-ranging failures of leadership, that faith has been tested like never before.Nowhere is the decline in trust more evident than in the financial services sector. In its 2021 Trust Barometer, Edelman found that only 53% of American respondents said they trusted those in the U.S. to "do what is right" — down 5% from its 2020 survey.....
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Pulse DeFi LTD Is a new London-based platform for digital token farming, staking, lending and borrowing. It provides a full range of services that can replace the old established financial system, but with decentralization at the forefront. Pulse DeFi LTD Wants You to Be Able to Trust the Economy Again At the top of the homepage of Pulse DeFi LTD stands a single quote, attributed to the inventor of bitcoin, which explains the main drive behind the platform: “The root problem with conventional currency is all trust that’s required to make it work. The central bank must be....
Decentralized Finance (DeFi) represents the financial, blockchain-based world of tomorrow. Future generations will leave the traditional financial system behind and use dApps, tokens, and other digital innovations for economic purposes. However, DeFi is still in its infant stage, leaving room for scams, money laundering, and other criminal activities. Without secure solutions and educational services, DeFi could become more of a risky venture than an enriching opportunity for individuals and businesses. Here is where STACKD Finance steps in, to help develop DeFi into a safer, more....
Decentralized Finance (DeFi), a product of cryptocurrency’s evolution since the introduction of Bitcoin more than a decade ago is now in a position to mirror the traditional financial products and services. Many entrepreneurs have identified the huge untapped potential of DeFi to create products and services that are breaking new grounds in recent times. One […]
DeFi is the word on everybody’s lips. The hype around DeFi is not fading away and is only just beginning, said Neo founder Da Hongfei, during a live stream on China’s Hub on Sept. 25.Da said DeFi created a process in just a few years that traditional finance took hundreds of years to perfect. DeFi projects are now experimenting with all sorts of financial products and services. He added that:“Lending and borrowing, decentralized exchanges, insurance and all kinds of derivatives are on the rise in DeFi. The initial stage DeFi infrastructure has a solid good start, and now it is time to see....
Decentralized Finance (DeFi) applications are now the primary focus within the crypto space. Many believe this might be the killer use case of blockchain technology—an opportunity to deliver all financial services on a peer-to-peer arrangement, and not just payments. The volumes in the DeFi markets are already telling a story of possible massive success in a short time. For example, Uniswap, the most used of the DeFi exchanges, facilitates over US$ 400 million worth of […]