Decentralised Finance (DeFi) — Financial System For the People 分散式金融-属于人民的金融系统
This is nothing like tulip, dotcom or subprime mortgage. DeFi is the true definition of “new money”. 这与郁金香，互联网公司或次级抵押贷款完全不同。 分散式金融是”新钱”的真正定义。
Decentralized finance, also known as DeFi, uses blockchain technology to manage financial transactions and services. DeFi aims to democratize finance by replacing intermediaries, centralized institutions with peer-to-peer relationships that can provide a full spectrum of financial services, from personal banking, loans, borrowing, to complicated contractual relationships and asset trading.
Centralized Finance Today
Today, almost every aspect of banking, financial services and money is managed by centralized systems, operated by governing bodies and central banks. Regular consumers need to deal with a raft of financial middlemen to get access to everything from loans and mortgages to trading stocks.
In the U.S., regulatory bodies like the Federal Reserve and Securities and Exchange Commission (SEC) set the rules for the world of centralized financial institutions and brokerages, and Congress amends the rules over time.
As a result, there are few paths for consumers to access capital and financial services directly. They cannot bypass middlemen like banks, exchanges and lenders, who earn a percentage of every financial and banking transaction as profit. Participants within the centralised finance ecosystem have to pay big institutions.
The New Way: Decentralized Finance
DeFi challenges CeFi system by disempowering middlemen, and empowering everyday people via peer-to-peer transactions.
Decentralized finance is an unbundling of traditional finance. DeFi takes the key elements of the services provided by banks, exchanges and insurers today — like lending, borrowing and trading — and puts it in the hands of retail investors or the unbanked.
For example — Today, you might put your savings in an online savings account and earn around 0.50% interest rate on your money. The bank then turns around and lends that money to another customer at a higher interest and pockets the profit. With DeFi, people lend their savings directly to others, cutting out that profit loss to banks and earn the full return on their money.
DeFi Runs on Blockchain
Blockchain is the core technology that enable decentralized finance.
When you make a transaction in your conventional checking account, it’s recorded in a private ledger — your banking transaction history — which is owned and managed by a large financial institution. Blockchain is a decentralized, distributed public ledger where financial transactions are recorded in cryptography.
When we say that blockchain is distributed, that means all parties using a DeFi application have an identical copy of the public ledger, which records each and every transaction in encrypted code. That secures the system by providing users with anonymity, verification and a record of asset ownership that’s almost impossible to alter by fraudulent activity.
Transactions are verified and recorded by parties who use the same blockchain, through a process of solving complex math problems and adding new blocks of transactions to the chain.
Advocates of DeFi assert that the decentralized blockchain makes financial transactions secure and more transparent than the private, opaque systems employed in centralized finance.
How DeFi Is Being Used Now
DeFI is making its way into a wide variety of simple and complex financial transactions. It’s powered by decentralized apps, or other protocols. Dapps and protocols handle transactions in various smart contract protocols such as Ethereum, Binance Smart Chain and Polkadot.
In the current market, Ethereum is much more adaptable to a wider variety of uses, meaning much of the dapp and protocol landscape uses Ethereum-based code. Binance Smart Chain is coming close behind Ethereum.
Here are some of the ways dapps and protocols are already being used:
- Traditional financial transactions. Anything from payments, trading securities and insurance, to lending and borrowing are already happening with DeFi.
- Decentralized exchanges (DEXs). Most cryptocurrency investors use centralized exchanges like Coinbase or Binance. DEXs facilitate peer-to-peer financial transactions and let users retain control over their money.
- Open-Source wallets. DeFi developers are creating digital wallets that can operate independently of the largest cryptocurrency exchanges and give investors access to everything from cryptocurrency to blockchain-based games.
- Stable coins. While cryptocurrencies are notoriously volatile, stable coins attempt to stabilize their values by pegging them to fiat curreny, like the U.S. dollar.
- Yield harvesting. Dubbed the foundation of crypto, DeFi makes it possible for speculative investors to lend crypto and potentially reap big rewards when the proprietary coins DeFi borrowing platforms pay them for agreeing to the loan appreciate rapidly.
- Non-fungible tokens (NFTs). NFTs create digital assets out of typically non-tradable assets, like videos of slam dunks or the first tweet on Twitter. NFTs commodify the previously un-commodifiable.
- Flash loans. These are cryptocurrency loans that borrow and repay funds in the same transaction. Sound counterintuitive? Here’s how it works: Borrowers have the potential to make money by entering into a contract encoded on the Ethereum blockchain — no lawyers needed — that borrows funds, executes a transaction and repays the loan instantly. If the transaction can’t be executed, or it’ll be at a loss, the funds automatically go back to the loaner. If you do make a profit, you can pocket it, minus any interest charges or fees. Think of flash loans as decentralized arbitrage.
The DeFi market gauges adoption by measuring what’s called Total Value Locked, which calculates how much money is currently working in different DeFi protocols.
Adoption of DeFi is powered by the omnipresent nature of blockchain: The same moment a dapp is encoded on the blockchain, it’s globally available. While most centralized financial instruments and technologies roll out slowly over time, governed by the respective rules and regulations of regional economies, dapps exist outside of these rules, increasing their potential reward — and also increasing their risks.
Risks and Downsides of DeFi
DeFi is an emerging phenomenon that comes with many risks. As a recent innovation, decentralized finance has not been stress tested by long or widespread use. In addition, national authorities are taking a harder look at the systems it’s putting in place, with an eye toward regulation. Some of the other risks of DeFi include:
- No consumer protections. DeFi has thrived in the absence of rules and regulations. But this also means users may have little recourse should a transaction go foul. In centralized finance, for instance, the Federal Deposit Insurance Corp. (FDIC) reimburses deposit account holders up to $250,000 per account, per institution if a bank fails. Moreover, banks are required by law to hold a certain amount of their capital as reserves, to maintain stability and cash you out of your account any time you need. No similar protections exist in DeFi.
- Hackers are a threat. While a blockchain may be nearly impossible to alter, other aspects of DeFi are at large risk of being hacked, which can lead to loss of funds through smart contract exploits. All of decentralized finance’s potential use cases rely on software systems that are vulnerable to hackers.
- Collateralization. Collateral is a thing of value used to secure a loan. When you get a mortgage, for instance, the loan is collateralized by the home you’re buying. Nearly all DeFi lending transactions require collateral equal to at least 100% of the value of the loan, if not more. These requirements vastly restrict who is eligible for many types of DeFi loans.
- Private key requirements. With DeFi and cryptocurrency, you must secure the wallets used to store your cryptocurrency assets. Wallets are secured with private keys, which are long, unique codes known only to the owner of the wallet. If you lose a private key, you lose access to your funds — there is no way to recover a lost private key. Till date, there is no found methods that can recoup loss of private keys and seed phrases.
How to Get Involved with DeFi
If you’d like to learn more about DeFi in a hands-on way, here are a few ways to get started:
Get a Crypto Wallet
Start by setting up an Ethereum wallet like Metamask or other open-source wallets, then funding it with Ethereum. Crypto wallets are your ticket to the world of DeFi, but make sure to save your private key, seed phrases etc. Once you lose these, and you won’t be able to get back into your wallet.
The Future of DeFi
From taking out the middleman to turning basketball clips into digital assets with monetary value, DeFi’s future looks bright. We see both the promise and potential of DeFi as far-reaching, even though it’s still in the infancy of its capabilities.
Investors will soon have more independence, which will allow them to deploy assets in creative ways that seem impossible today. DeFi also carries big implications for the big data sector as it matures to enable new ways to commodify data.
But for all its promise, DeFi has a long road ahead, especially when it comes to uptake by the general public.
The promise is there and we want to continue educating people about the potential, but we also need to keep working hard to build the tools that will allow people to see it for themselves.
About Us
ExoniumDEX is developing a blockchain-based platform that aims to provide a bridge between synthetic assets and fiat money, cryptocurrencies, stocks and other financial instruments.
The recent expansion of DeFi projects brought multiple innovative platforms to the ecosystem but most projects are still centralized or governed by a small group of participants making it difficult to make a smooth integration with other platforms.
We aim to aggregate all current and future DeFi applications under the same ecosystem that can be managed in a decentralized way without unnecessary fragmentation. This approach will allow for quick development and a more efficient market for users.
DeFi protocols like tEXO are the future for savvy investors to mitigate regulatory risk in a world of uncertainty. CEX can always pause withdrawals and has control over your funds. With a DEX, you remain in full control.
The future of finance belongs to the people.
分散式金融也称为DeFi，它使用区块链技术来管理金融交易和服务。 DeFi旨在通过将点对点关系取代中介机构，集中式机构，使金融民主化，从个人银行业务，贷款，借款到复杂的合同关系和资产交易，可以提供全方位的金融服务。
如今的集中财务
如今，银行，金融服务和货币的几乎所有方面都由中央机构管理，这些中央机构由理事机构和中央银行运营。普通消费者需要与大量金融中间商打交道，才能获得从贷款，抵押贷款到交易股票的一切服务。
在美国，美联储（Federal Reserve）和证券交易委员会（SEC）等监管机构为集中式金融机构和经纪人制定了规则，而国会随时间修改了这些规则。
结果，消费者几乎没有直接获得资本和金融服务的途径。他们不能绕过中间商，例如银行，交易所和贷方，他们在每笔金融和银行交易中赚取一定比例的利润。集中式金融生态系统中的参与者必须向大型机构付款。
新方法：去中心化金融
DeFi通过取消中间商的权力并通过点对点交易增强日常人员的能力，对CeFi系统提出了挑战。
分散式金融是传统金融的捆绑。 DeFi承接了当今银行，交易所和保险公司提供的服务的关键要素（例如贷款，借款和交易），并将其交给了散户投资者或无银行账户的人。
例如，今天您可以将您的储蓄存入在线储蓄帐户，并赚取约0.50％的利率。然后，银行转过身来，将这笔钱以较高的利率借给另一位客户，并从中获利。借助DeFi，人们可以将储蓄直接贷给他人，从而将利润损失减少给银行，并获得全部收益。
DeFi在区块链上运行
区块链是实现去中心化金融的核心技术。
当您在传统的支票帐户中进行交易时，该交易会记录在私人分类帐中（您的银行交易历史记录），该历史由大型金融机构拥有和管理。区块链是一种去中心化的分布式公共分类帐，其中金融交易记录在密码学中。
当我们说区块链是分布式的时，这意味着使用DeFi应用程序的所有各方都具有相同的公共分类帐副本，该副本以加密代码记录每笔交易。通过为用户提供匿名性，验证性和资产所有权记录（这几乎不可能通过欺诈活动来更改）来保护系统。
交易由使用相同区块链的各方通过解决复杂的数学问题并将新的交易块添加到链中的过程进行验证和记录。
DeFi的拥护者断言，与集中式金融中采用的私有，不透明的系统相比，去中心化的区块链使金融交易更安全，更透明。
现在如何使用DeFi
DeFI正在进入各种简单和复杂的金融交易中。它由分散的应用程序或其他协议提供支持。 Dapp和协议以各种智能合约协议处理交易，例如以太坊，Binance智能链和Polkadot。
在当前市场中，以太坊更能适应多种用途，这意味着许多dapp和协议领域都使用基于以太坊的代码。币安智能链紧随以太坊之后。
以下是一些已使用dapp和协议的方式：
传统金融交易。从付款，交易证券和保险到借贷，一切都已经在DeFi中发生。
分散交易所（DEX）。大多数加密货币投资者使用Coinbase或Binance等集中式交易所。 DEX促进了点对点金融交易，并允许用户保留对其资金的控制权。
开源钱包。 DeFi开发人员正在创建可以独立于最大的加密货币交易所进行操作的数字钱包，并为投资者提供从加密货币到基于区块链的游戏的所有访问权限。
稳定币。虽然众所周知，加密货币是不稳定的，但稳定的硬币试图通过将其固定在法定货币（例如美元）上来稳定其价值。
产量丰收。 DeFi被称为加密货币的基础，使投机投资者可以借出加密货币，并在专有硬币DeFi借贷平台支付他们同意迅速升值的借贷支付时，获得丰厚的回报。
不可替代的令牌（NFT）。 NFT从通常不可交易的资产中创建数字资产，例如灌篮的视频或Twitter上的第一条推文。 NFT将以前不可商品化。
紧急贷款。这些是在同一笔交易中借入并偿还资金的加密货币贷款。听起来违反直觉？它是这样运作的：借款人有潜力通过签订以太坊区块链上编码的合同来赚钱-不需要律师借钱，执行交易并立即偿还贷款。如果交易无法执行，或者将亏损，资金将自动退还给借款人。如果您确实获利，则可以减去任何利息费用或其他费用，将其收入囊中。将快速贷款视为分散式套利。
DeFi市场通过测量所谓的总价值锁定（Total Value Locked）来衡量采用率，Total Value Locked计算出在不同的DeFi协议中当前有多少钱在运转。
DeFi的采用受到区块链无所不在的推动：dapp在区块链上编码的同一时刻，它在全球范围内都可用。尽管大多数集中化的金融工具和技术会随着时间的推移缓慢地推出，并受区域经济体各自的法规约束，但dapp仍存在于这些规则之外，从而增加了潜在的回报，也增加了风险。
DeFi的风险和弊端
DeFi是一种新兴现象，带有许多风险。作为一项最新的创新，去中心化金融还没有经过长期或广泛使用的压力测试。此外，国家主管部门正着眼于监管，以更加严格的眼光看待它所采用的系统。 DeFi的其他一些风险包括：
没有消费者保护。在没有规则和条例的情况下，DeFi蓬勃发展。但这也意味着如果交易失败，用户可能几乎没有追索权。例如，在集中财务中，如果银行倒闭，联邦存款保险公司（FDIC）会向每个机构的每个帐户向每个帐户的存款账户持有人最多偿还25万美元。此外，法律要求银行保留一定数量的资本作为储备金，以保持稳定并在需要时随时从您的帐户中套现。 DeFi中没有类似的保护措施。
黑客是一种威胁。尽管可能几乎无法更改区块链，但DeFi的其他方面极有可能遭到黑客入侵，这可能导致通过智能合约漏洞利用而导致资金损失。所有分散式金融的潜在用例都依赖于容易受到黑客攻击的软件系统。
抵押。抵押品是用于担保贷款的有价物。例如，当您获得抵押贷款时，贷款将由您所购房屋抵押。几乎所有DeFi借贷交易都需要至少等于贷款价值100％（甚至更多）的抵押品。这些要求极大地限制了谁有资格获得许多类型的DeFi贷款。
私钥要求。使用DeFi和加密货币，您必须保护用于存储加密货币资产的钱包。钱包由私钥保护，私钥是只有钱包所有者才知道的长而唯一的代码。如果您丢失了私钥，则将失去对资金的访问权限。-无法恢复丢失的私钥。迄今为止，还没有找到可以弥补私钥和种子短语丢失的方法。
如何参与DeFi
如果您想通过动手方式了解有关DeFi的更多信息，请参考以下几种入门方法：
获取加密钱包
首先建立一个以太坊钱包，例如Metamask或其他开源钱包，然后用以太坊为其提供资金。加密钱包是您进入DeFi世界的门票，但请确保保存私钥，种子短语等。一旦丢失，您将无法回到钱包中。
DeFi的未来
从淘汰中间商到将篮球剪辑变成具有货币价值的数字资产，DeFi的前途一片光明。尽管DeFi仍处于起步阶段，但我们认为DeFi的前景和潜力都是深远的。
投资者将很快拥有更大的独立性，这将使他们能够以创造性的方式来部署资产，这在如今看来似乎是不可能的。随着DeFi的成熟以实现新的商品数据化方法，DeFi还对大数据领域产生了重大影响。
但是，尽管有了其所有的承诺，DeFi仍有很长的路要走，特别是在被公众接受的时候。
诺言已经实现，我们希望继续教育人们关于潜能的知识，但是我们还需要继续努力，以建立使人们能够亲眼看到潜能的工具。
嘉库DEX — tEXO
嘉库DEX $tEXO 是下一代强大的去中心化应用，支持基于各种生态系统的项目。我们充当现代化的超级去中心化应用，您可以在其中使用各种区块链协议。
嘉库DEX ($tEXO) 具有全面的可互操作的分散式金融解决方案，旨在集成来自不同区块链协议的项目，以在 嘉库DEX ($tEXO) 内实现可互操作的分散式金融生态系统。
去中心化应用程序正在取得巨大进展，但当前的区块链生态系统尚未准备好根据需求进行扩展。在我们瞄准主流用户的大规模采用之前，需要解决区块确认缓慢和天然气费高的问题。最重要的是，它需要出色的用户体验。我们旨在通过简化用户与去中心化世界之间的互动来改变这种状况。我们希望与分散式生态系统的交互变得如此轻松，以至于任何人都可以这样做而不必担心底层系统的复杂性。
嘉库DEX正在开发基于区块链的平台，旨在在合成资产与法定货币，加密货币，股票和其他金融工具之间架起桥梁。
DeFi项目的最新扩展为生态系统带来了多个创新平台，但是大多数项目仍处于集中或由一小部分参与者支配的状况，因此很难与其他平台顺利集成。
我们的目标是将所有当前和将来的DeFi应用程序聚合在同一个生态系统中，并且可以以分散的方式进行管理，而不会造成不必要的分散。这种方法将为用户带来快速的发展和更有效的市场。
像tEXO这样的DeFi协议是精明的投资者在不确定性世界中减轻监管风险的未来。 CEX始终可以暂停取款并控制您的资金。使用DEX，您可以完全控制。
金融的未来属于人民。
