Why We Believe So Strongly in DeFi

Decentralized finance (DeFi) has been a growing trend in the crypto space for at least two years now. Platforms in the space are growing at impressive rates, and the total volume of funds locked in DeFi protocols has also been on the rise for a while now.

Despite this trend, there are still a lot of people who seem to be DeFi detractors. Much skepticism has been raised about DeFi and whether it truly will be able to stand the test of time. Considering the propensity for many in the crypto space to chase trends, these concerns are understandable. However, DeFi is here to stay.

Changing Financial Services As We Know It

Although most DeFi protocols are built on the Ethereum blockchain, the industry itself is as broad as you can imagine. DeFi enthusiasts see it as the next wave in disruptive financial services, taking cryptocurrencies another step further.

Bitcoin was the originator of this new financial wave. When it was launched a little over 13 years ago, Bitcoin showed people that they didn’t need to rely on the traditional financial system. Then came Ethereum — the blockchain that gave us smart contracts and the possibility of making deals with people without even meeting them.

Thanks to smart contracts, developers could now build decentralized applications (dApps) — essentially, protocols that function on their own, without any human input. And thus was born DeFi. With DeFi, financial services can be carried out without any intermediary. Everyone can engage in financial services without having to meet each other, and for the first time, we have the opportunity to create a truly open financial system.

Today, DeFi covers the following aspects of financial services:

  • Cryptocurrency lending and borrowing, as well as interest-earning (thanks to platforms like Aave and Compound)
  • Yield farming, thanks to platforms like ScaryChain Capital and Yearn Finance
  • Betting on different types of events, thanks to platforms like Augur
  • Building an exchange for real-world assets and derivatives (a perfect example is Synthetix)
  • Decentralized cryptocurrency exchanges, such as UniSwap and PancakeSwap
  • No-loss lottery participations, thanks to platforms like PoolTogether
  • Stablecoin purchases, thanks to DAI and more

Open finance

The first point is what we already mentioned — thanks to DeFi, everyone has the opportunity to participate in an open financial system. This time, you can move your funds as you please and invest in platforms and concepts that are attractive to you. There is no need to rely on a platform of a middleman to help you out.

DeFi has done a good job of mirroring the most important aspects of traditional finance. Now, if you can’t get the financial services you need from the traditional sector, DeFi is here to meet your needs.

Lower barriers to entry

Another top point is the fact that DeFi has much lower barriers to entry. You can hop on a DeFi loan platform today and get the money you need to finance yourself. Compare that to traditional banks, which will surround you with all manner of red tape.

If you’re looking to invest in DeFi but are still unsure of the technicalities, you might be better off finding some of the most popular DeFi tokens and investing.

This is where $SCC comes in.

$SCC is the native token for ScaryChain Capital — currently one of the most interesting DeFi projects out there.

ScaryChain Capital is a Finance-as-a-Service protocol that helps investors to optimize their yields and returns on investment.

$SCC is available on some of the world’s top exchanges

The asset is backed by a strong DeFi project, and it has a deflationary economic structure that ensures its value is always optimized.

For anyone looking to get the best out of DeFi, $SCC is a perfect asset to start with.

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IMPORTANT LINKS:

Twitter: https://twitter.com/SChainCapital

Discord: https://discord.gg/vfXeAdmsDG

Telegram: https://t.me/ScaryChainCapital

Marketing: https://twitter.com/tommax888

Website: https://scarychain.capital/

Dashboard: https://app.scarychain.capital/

Audit: https://solidity.finance/audits/ScaryChainCapital/

Coinmarketcap: https://coinmarketcap.com/currencies/scary-chain-capital-new/

Coingecko: https://www.coingecko.com/en/coins/scary-chain-capital

Audited and Kyc’d by Assure Defi

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Scary Chain Capital ($SCC) is a community-driven Defi token that pays out static rewards to holders

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Scary Chain Capital

Scary Chain Capital

You buy on Ethereum or Fantom, we invest on multiple chains and return the profits to $SCC holders.

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