Decentralized Finance solutions (DeFi) aim to create an alternative financial system without the presence of any intermediaries. It provides basic financial services, especially to the unbanked sections of the population who have been completely isolated by the current system.
It covers lending, borrowing, payments, insurance, data analytics, yield farming, staking, decentralized fund management, decentralized asset management, stablecoin development, market-making consulting.
Features of Decentralized Finance Solutions (DeFi)
It is built on top of existing or completely new blockchain networks.
The entire system is permissionless and trustless.
A high level of transparency is maintained by the immutable distributed ledger.
Anyone can access DeFi irrespective of their economic or social background.
Automation of operations is ensured by smart contracts without any human intervention.
Users have full control over their assets in the non-custodial system.
Transactions are processed very quickly.
Going ahead, Decentralized Finance Solutions (DeFi) will rise in popularity and become the order of the future and needs progressive regulations to make a big mark in the world.