This December learn all about 'Decentralised Finance'. The basics, the history, the innovations we know today, and what the future holds.
This is #DeFiDecember and today we'll start off by covering what some people say #DeFi stands for...#DeFiance
A 🧵...
This is #DeFiDecember and today we'll start off by covering what some people say #DeFi stands for...#DeFiance
A 🧵...
Decentralised Finance (DeFi) is the biggest usecase of cryptocurrencies and blockchain technology. Today we see DeFi's rapid evolution as a leading cause of disruption to the Traditional Finance industry.
But, there is more than simply disruption.
There is...DeFiance
But, there is more than simply disruption.
There is...DeFiance
Over the last three years, DeFi has grown from a few hundred million in TVL into a multi-billion industry, even in the bear market. DeFi has harnessed emerging technologies to redefine and shape an entirely new finance industry. 
🔍 DeFi offers full transparency
In a world where backroom deals and a complete lack of accountability are considered normal, anyone can check the reserves of their favourite DEX in a few clicks without having to trust third parties.
In a world where backroom deals and a complete lack of accountability are considered normal, anyone can check the reserves of their favourite DEX in a few clicks without having to trust third parties.
🔐 DeFi users keep full custody of their assets
In DeFi, consumers are always in control. Assets are accessible from anywhere in the world 24/7 and without restriction as long as a user has their seed phrase and a device with an internet connection.
In DeFi, consumers are always in control. Assets are accessible from anywhere in the world 24/7 and without restriction as long as a user has their seed phrase and a device with an internet connection.
🏎️ DeFi is fast and cheap
Whether it is exchanging currencies or transferring funds to a friend on another end of the world - each operation on #Avalanche and other leading blockchains costs a few cents and is finalised in seconds.
Whether it is exchanging currencies or transferring funds to a friend on another end of the world - each operation on #Avalanche and other leading blockchains costs a few cents and is finalised in seconds.
🤝 DeFi is Collaborative
With a commitment to open-source software, #DeFi is also a place of continuous growth. Protocols on all chains continue to build and introduce new features rapidly.
The #DeFi industry is young and therefore the rate of innovation is rapid.
With a commitment to open-source software, #DeFi is also a place of continuous growth. Protocols on all chains continue to build and introduce new features rapidly.
The #DeFi industry is young and therefore the rate of innovation is rapid.
⏱️ Time for change
With all the implosions we’ve seen this year from centralised entities, DeFi has only further proven its viability.
Even in the middle of all the chaos, DeFi protocols continued to work as designed, carrying out liquidations and processing record volumes.
With all the implosions we’ve seen this year from centralised entities, DeFi has only further proven its viability.
Even in the middle of all the chaos, DeFi protocols continued to work as designed, carrying out liquidations and processing record volumes.
⚠️ Time for a change
Funds can't negotiate preferential terms for their DeFi loan, governments can't stop smart contracts, and agencies can't seize funds of a DEX.
• DeFi defies all that is wrong with TradFi
• DeFi makes a new system that is fair and open
• #DeFiisDeFiance
Funds can't negotiate preferential terms for their DeFi loan, governments can't stop smart contracts, and agencies can't seize funds of a DEX.
• DeFi defies all that is wrong with TradFi
• DeFi makes a new system that is fair and open
• #DeFiisDeFiance
If you enjoyed the read give this thread a ♻️ and get ready for plenty of informative content to help you understand and learn about why DeFi matters.
#DeFiDecember
#DeFiDecember
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