[Anchor]
DeFi(Decentralized Finance) is emerging as an alternative financial model for post covid era. In the liquidity flood to overcome the crisis, we are in a vicious cycle of bringing in more money to make a profit. Instead of currency, crypto assets are placed on the blockchain so that individuals, not financial companies, can trade freely. The market is gradually becoming active in Korea.
[Content of News]
This blockchain technology company is gaining popularity by introducing a service platform related to cryptocurrencies. Lending, deposits, and payment services are provided on the web and mobile. There are fluctuations, but the return is significant as the cryptocurrency market is growing. The deposit rate reaches 12%. Except that it deals with cryptocurrencies and is more profitable, it doesn’t seem much different from existing financial institutions. The big difference is that there are no managers or intermediaries to guarantee the transactions. The transaction proceeds in a blockchain where the contract and identity cannot be changed arbitrarily from the original.
[Mason Lee, the COO of Delio: I think there are advantages of being able to carry out a more stable business because users create transactions and conduct verification by themselves.]
It is Decentralized Finance, DeFi that trusts and contracts blockchain that cannot be falsified even without a guarantee of agencies or financial companies. Any individual or startup company can become a bank if you combine a product with blockchain technology. You can find a more primitive form of DeFi in the world’s most popular cryptocurrency electronic wallet, Metamask. Converting your virtual currency into another Ethereum-based currency in just a few clicks is easy. Of course, it’s a transaction between individuals, without involving financial institutions during the transaction. Profits are made between these swaps.
“You can’t trust people you don’t even know, and you can’t trust each other when you meet them non-face-to-face. But with the technology of blockchain in place, we can deal with others anonymously.”
Existing financial institutions, including banks, are also taking steps for DeFi. Shinhan and Kookmin Bank have established a joint venture with startups and decided to start a crypto asset trust service first to build experience in crypto assets and blockchain.
[Gong-Pil Choi, Senior Economist of a Blockchain company Onther: Because the financial sector is likely to shrink significantly after post-Covid and become more regulated, expectations for DeFi are high to expand the horizon of finance and allow financial opportunities to many people.]
DeFi, which combines the idea of “decentralization” with the advantages of unforgeability and fast processing blockchain, is emerging as an alternative financial model for the MZ generation, which is on the rise of the main demand base.
[DUCATO Official Websites]
Homepage: http://ducato.io
Telegram: https://t.me/DUCATO_Channel
Medium: https://medium.com/ducato
Twitter: https://twitter.com/DUCATO_DeFi
Facebook: https://www.facebook.com/DeFi.DUCATO
Linkedin: https://www.linkedin.com/company/ducato-defi
YouTube: https://www.youtube.com/channel/UCB1p7-VVW51vEm02gQbb9vA
[Delio Official Websites]
Delio: https://www.delio.io
Delio Cloud: https://delio.cloud/
Telegram [Global]: https://t.me/happy_delio
News Channel: https://t.me/happy_delio_news
Blog [KR]: https://blog.delio.io
Facebook [KR]: https://www.facebook.com/delio.io/
Medium [Global]: https://delio-io.medium.com/
Twitter [Global]: https://twitter.com/happydelio
Instagram: https://www.instagram.com/happydelio
YouTube: https://www.youtuhttps://www.youtube.com/channel/UCDvdHl0t9GEcUfWclJEnDXA
