Posts

Understanding the benefits of DeFi by DeFiWalletSwap.com

Image
 As professionals, we know the importance of acquiring new technical knowledge related to our areas, thus improving the work dynamics of which we are a part, which in turn contributes to improving our personal lives. But, it never hurts to ask ourselves: What other fields of knowledge could help us obtain greater well-being in the current situation? Skills related to administration, promoting financial education, and also knowing basic aspects of Blockchain technology, can become a combination of attractive tools and are considered very valuable in a large number of work environments shortly. These are some advantages and benefits that we can take advantage of by learning about Decentralized Finance ( DeFi ) and improving personal finances. 1. Manage and preserve our capital over time: The simple fact of keeping a constant record of income, expenses, as well as profits and losses, allows us to become more aware of what happens to our capital as the months go by. In this way, we
Post a Comment
Read more

What is DeFi in crypto world? A complete guide from DeFiWalletSwap.com

Image
Thanks to the intervention of DeFi or Decentralized Finance. This financial system includes digital assets, protocols, smart contracts, and dApps, made with the famous blockchain technology. The instability of cryptocurrencies has always remained the number one reason to minimize adoption and prevent them from being considered a true alternative to displacing traditional finance. However, with DeFi on the market, it moves into what looks like the ultimate anchor of digital assets in the global economy. Let’s try to understand what is DeFi in the crypto world. Traditional financial system: The traditional financial system is governed by banks, the “place” where everyone deposits the money they earn from their work in a savings account to make that money grow through an interest rate. However, while your money is in the bank, it will be used to invest in large international funds that generate enormous returns for said company. Have you ever wondered why you can't take all y
Post a Comment
Read more

What are the top DeFi Concepts?

Image
DeFi stands for  Decentralized Finance which represents a financial system product built on top of open-source and decentralized blockchains. Here in this guide, we will learn more about the DeFi Concepts. DeFi Concepts: Yield farming:  It is the name that has been given to a new type of investment strategy that is carried out in the DeFi ecosystem . Users who practice this method take advantage of the rates of return of decentralized finance protocols, as well as the reward tokens that these platforms issue, to leverage the return on capital.  To take advantage of investment opportunities in the market, yield farmers often take out loans, accumulate reward tokens, and deposit them into multiple protocols at once to increase the total profit they can make on these platforms just by using them. Liquidity mining:  The practice carried out by users of the DeFi ecosystem to receive and accumulate a type of reward token, which is granted by the platforms to attract new client
Post a Comment
Read more