Crypto currencies may seem like a genuine rollercoaster to the average person – you keep hearing about it from time to time, but reports vary and you are not exactly sure what to think of this trend. There is obviously something big going on here, but what is it really? It is impossible to explain the crypto currency market and decentralized finance (aka DeFi) in a sentence or two, but we can make an entire article about it and discuss the features that make the new trend so popular and important. Hence our company LokumFinance uses the DeFi system.
Traditional Finance protects its interests but DeFi builds.
The dinosaurs of traditional banking claim to play a role in making the world a better place. Yet inequality and financial exclusion still exist.
These traditional banks need expensive physical infrastructure to function and neither companies nor governments are keen to foot the bill. Consequently, customers have to travel miles for substandard and costly service.
While traditional finance respects borders, DeFi does not. In a decentralized network like LokumFinance there are no additional fees for international payments and no need to chop and change between real world exchange rates. For workers sending money home from abroad, DeFi could slash up to 50% or remittance costs.
Save safer, earn smarter
Old fashioned high street banks are desperately clinging to the reputation of being the best place for your money. But why? Interest rates are slashed year on year as economies struggle, yet fees remain the same.
With no reward for placing their trust in institutions, customers are turning to DeFi for their financial needs. Decentralized finance offers the same services as traditional banks but with fewer barriers to entry and lower costs.
DeFi uses digital assets as collateral and smart contracts to make lending more effective. In LokumFinance with interest rates often 20 times higher than traditional banks, users stand to benefit from participating. As traditional finance institutions offer customers less for the same service, the appeal of more lucrative options is growing fast.Therefore LokumFinance is a safe,smart and an efficient platform.
Where DeFi shines
As mentioned above most traditional financial services are potentially catered for within the DeFi space:
1. Decentralized exchanges (DEX)
Online trading services based on smart contracts. DEXes enable users to perform token exchanges and trading without intermediaries.
2. Automated Market Maker (AMM)
AMMs are the same as DEXes with an important difference. DEX platforms use order books (which contain P2P orders) for pricing, while an AMM platform uses a special mathematical formula to price assets, and the liquidity comes from liquidity providers, who usually earn tokens as a reward, rather than needing people to be on both sides of each trade.LokumFinance is a great platform using automated market maker policy.
3. Lending
The crypto loan business is definitely an attractive alternative for many people. Lenders receive interest payments while borrowers gain access to capital. With DeFi, borrowers can use their funds from LokumFinance as collateral and borrow without a credit score.
4. Staking
Some block chains are based on proof-of-work (POW) and some other are based on proof of stake (PoS). Staking is a type of activity in which you are rewarded by locking your assets in a PoS based network, in exchanged for providing security and confirming the transactions of a block chain network.Staking is one of the main source for business of LokumFinance.
5. Non-Fungible Token (NFT)
NFTs are a new phenomenon in the crypto space which has many uses like identification,arts(digital ownership),gaming, collectibles,sports,media & entertainments, real estate, etc.
Where does DeFi have an Advantage?
1. Bye-Bye to human error and mismanagement
We have already mentioned that financial crises occurred due to the mismanagement of central banks (CBs) and third party intermediaries (TPIs). But thanks to smart contracts, human error on a day-to-day basis is removed from the process; unless the contracts themselves were poorly written.
2. Quick and permanent access
Before DeFi, if you needed to get a loan, you would have to go to the bank and a lot of time would be wasted. With DeFi, you can get a loan with just one click, even in the middle of the night. You can access the market from anywhere and anytime as long as you have an internet connection.
3. A Healthier System
Covid-19 has shown that traditional financial systems (CeFi) are very vulnerable to global shocks. This is because centralized financial systems are based on direct contact between individuals.
The level of physical contact needed to support decentralized financial systems (DeFi) could drop to zero in LokumFinance and crypto currency prices and companies have been going from strength to strength in the current health crisis.
4. Permission less Operations:
In the traditional financial system, you have to get permission from an intermediary to carry out almost any financial operation but LokumFinance is a full freedom company for any kind of business.
Are there any services and platforms risk-free? Undoubtedly, the answer is “No”. Just like an apple that may contain a worm, a DeFi product has its own problems and risks. DeFi is new and experimental and has some issues and problems, especially in terms of security. Our company LukumFinance is a step ahead with this DeFi management system. Developers and fans of decentralized finance hope that these problems will eventually be solved.
For More Information Click Links Bellow:
Website: https://lokum.finance
Dex: https://app.lokum.finance
DappRadar: https://dappradar.com/binance-smart-chain/defi/lokum-finance
Gitbook: https://docs.lokum.finance
Telegram: https://t.me/lokumswapfinance
Twitter: https://twitter.com/FinanceLokum
Farming starting block : https://bscscan.com/block/countdown/6358500
Medium : https://lokumswap-finance.medium.com/
Github : https://github.com/lokumswap
Autor
Bitcointalk-Benutzername:bibie16
Bitcointalk-Profil:
https://bitcointalk.org/index.php?action=profile;u=1816840
BSC Wallet:
0xd380cC18762eC84E4D9F9bb258E59B8bEb2E5DA5
Traditional Finance protects its interests but DeFi builds.
The dinosaurs of traditional banking claim to play a role in making the world a better place. Yet inequality and financial exclusion still exist.
These traditional banks need expensive physical infrastructure to function and neither companies nor governments are keen to foot the bill. Consequently, customers have to travel miles for substandard and costly service.
While traditional finance respects borders, DeFi does not. In a decentralized network like LokumFinance there are no additional fees for international payments and no need to chop and change between real world exchange rates. For workers sending money home from abroad, DeFi could slash up to 50% or remittance costs.
Save safer, earn smarter
Old fashioned high street banks are desperately clinging to the reputation of being the best place for your money. But why? Interest rates are slashed year on year as economies struggle, yet fees remain the same.
With no reward for placing their trust in institutions, customers are turning to DeFi for their financial needs. Decentralized finance offers the same services as traditional banks but with fewer barriers to entry and lower costs.
DeFi uses digital assets as collateral and smart contracts to make lending more effective. In LokumFinance with interest rates often 20 times higher than traditional banks, users stand to benefit from participating. As traditional finance institutions offer customers less for the same service, the appeal of more lucrative options is growing fast.Therefore LokumFinance is a safe,smart and an efficient platform.
Where DeFi shines
As mentioned above most traditional financial services are potentially catered for within the DeFi space:
1. Decentralized exchanges (DEX)
Online trading services based on smart contracts. DEXes enable users to perform token exchanges and trading without intermediaries.
2. Automated Market Maker (AMM)
AMMs are the same as DEXes with an important difference. DEX platforms use order books (which contain P2P orders) for pricing, while an AMM platform uses a special mathematical formula to price assets, and the liquidity comes from liquidity providers, who usually earn tokens as a reward, rather than needing people to be on both sides of each trade.LokumFinance is a great platform using automated market maker policy.
3. Lending
The crypto loan business is definitely an attractive alternative for many people. Lenders receive interest payments while borrowers gain access to capital. With DeFi, borrowers can use their funds from LokumFinance as collateral and borrow without a credit score.
4. Staking
Some block chains are based on proof-of-work (POW) and some other are based on proof of stake (PoS). Staking is a type of activity in which you are rewarded by locking your assets in a PoS based network, in exchanged for providing security and confirming the transactions of a block chain network.Staking is one of the main source for business of LokumFinance.
5. Non-Fungible Token (NFT)
NFTs are a new phenomenon in the crypto space which has many uses like identification,arts(digital ownership),gaming, collectibles,sports,media & entertainments, real estate, etc.
Where does DeFi have an Advantage?
1. Bye-Bye to human error and mismanagement
We have already mentioned that financial crises occurred due to the mismanagement of central banks (CBs) and third party intermediaries (TPIs). But thanks to smart contracts, human error on a day-to-day basis is removed from the process; unless the contracts themselves were poorly written.
2. Quick and permanent access
Before DeFi, if you needed to get a loan, you would have to go to the bank and a lot of time would be wasted. With DeFi, you can get a loan with just one click, even in the middle of the night. You can access the market from anywhere and anytime as long as you have an internet connection.
3. A Healthier System
Covid-19 has shown that traditional financial systems (CeFi) are very vulnerable to global shocks. This is because centralized financial systems are based on direct contact between individuals.
The level of physical contact needed to support decentralized financial systems (DeFi) could drop to zero in LokumFinance and crypto currency prices and companies have been going from strength to strength in the current health crisis.
4. Permission less Operations:
In the traditional financial system, you have to get permission from an intermediary to carry out almost any financial operation but LokumFinance is a full freedom company for any kind of business.
Are there any services and platforms risk-free? Undoubtedly, the answer is “No”. Just like an apple that may contain a worm, a DeFi product has its own problems and risks. DeFi is new and experimental and has some issues and problems, especially in terms of security. Our company LukumFinance is a step ahead with this DeFi management system. Developers and fans of decentralized finance hope that these problems will eventually be solved.
For More Information Click Links Bellow:
Website: https://lokum.finance
Dex: https://app.lokum.finance
DappRadar: https://dappradar.com/binance-smart-chain/defi/lokum-finance
Gitbook: https://docs.lokum.finance
Telegram: https://t.me/lokumswapfinance
Twitter: https://twitter.com/FinanceLokum
Farming starting block : https://bscscan.com/block/countdown/6358500
Medium : https://lokumswap-finance.medium.com/
Github : https://github.com/lokumswap
Autor
Bitcointalk-Benutzername:bibie16
Bitcointalk-Profil:
https://bitcointalk.org/index.php?action=profile;u=1816840
BSC Wallet:
0xd380cC18762eC84E4D9F9bb258E59B8bEb2E5DA5
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