\u201cDeFi\u201d is the acronym for Decentralized Finance. It comes up as a revolutionary financial system, which can operate without any external help. Moreover, the Decentralized Finance or DeFi is not connected to any centralized financial intermediary.The main goal of DeFi is to enable its users to invest, trade, transact, and transfer peer-to-peer with the help of digital assets and cryptocurrencies through smart contracts. All these conveniences of DeFi have kept the requirements for expensive and slow intermediaries at bay.Advanced distributed ledger technology or DLT (also known as blockchain) has laid the base of DeFi. Blockchain can change the present financial structure and enable a more unbiased as well as transparent financial system.One of the best features of DeFi is its blockchain expansion capability, from simple value transfers to further elaborate financial use cases, including yield farming, trading, derivatives, lending, etc.The importance of DeFi lies in the flaws of the traditional financial system. In other words, the traditional financial system may seem expensive and slow to customers. Furthermore, centralized financial systems can be a target of hackers. It is also susceptible to security failures as well as data breaches.For instance, if a person relies fully on a centralized financial system for all his\/her money, there may be potential risks on the way. If the centralized financial system decides to escalate fees, gets attacked by a hacker, experiences data breaches, make bad investments, etc., the customer would also need to bear the loss.On the other hand, DeFi comes as decentralized by nature. That means all services, products, assets, and applications of DeFi are decentralized. That means they are not prone to many drawbacks that are seen in centralized financial systems.Furthermore, a large number of people are not capable of accessing traditional financial systems, as they do not comply with specific criteria set\u2026<\/p>","protected":false},"excerpt":{"rendered":"
\u201cDeFi\u201d is the acronym for Decentralized Finance. It comes up as a revolutionary financial system, which can operate without any external help. Moreover, the Decentralized Finance [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/3915"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=3915"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/3915\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=3915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=3915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=3915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}