DeFi: the future of Finance inside HUDI
What is DeFi? The word “DeFi” (short form of “ decentralized finance ”) refers to financial services on public blockchains, primarily Ethereum. 🏦 With DeFi, you can do most of the things that banks support — earn interest, borrow, lend, buy insurance, trade derivatives, trade assets, and more — but it’s faster and doesn’t require paperwork or a third party. ✅ DeFi takes the basic premise of Bitcoin and expands it, creating an entire digital alternative to Wall Street . Thanks to its characteristics, DeFi has the potential to create more open, free, and fair financial markets, that are accessible to anyone with an internet connection. 💥 It is an absolutely disruptive technology applied to the finance world. The benefits of DeFi 🔸 It’s open : you don’t need to apply for anything in order to “open” an account. You just get access by creating a wallet; 🔸 It’s pseudonymous : you don’t need to provide your name, email address, or any personal inf...