Understanding the benefits of DeFi by DeFiWalletSwap.com

 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 can easily manage money, preserving it better over time thanks to better decisions based on the information we have and not emotionally and in the short term.

Also, it is possible to preserve and even increase the value of our capital over time if we make use, for example, of crypto-assets that can behave as reserves of value, by maintaining a certain degree of scarcity and deflationary dynamics, being ideal tools for long-term savings.

Value reserves can greatly benefit us if we consider factors such as inflation or the devaluation of our daily currency. Currently, the pandemic situation has generated certain side effects, including the generalized growth of inflation during the 2020-2021 period, according to reports published by the World Bank and the International Monetary Fund.

2. Easy access to financial tools:

One of the great benefits that Blockchain technology and the DeFi industry can bring us is to facilitate the use of financial services and tools that are often difficult to access in traditional banking, due to government regulations or simply not having the amounts of capital required by institutions.

Many of the decentralized protocols are designed to avoid creating distinctions based on the country of origin of their users, as well as allowing the participation of small and large capitals alike.

Decentralized lending platforms, P2P exchanges, decentralized exchanges, or liquidity pools. These are just some of the tools governed by smart contracts that can greatly help us bring well-being and financial independence into our lives.

3. Pioneering Emerging Industry Adoption:

Blockchain technology and the DeFi movement are in their early days. However, it aims to transform the world of finance as we know it and it is possible that in the not too distant future we can see a worldwide adoption, but right now we can still be “early adopters” who can start now to better understand the dynamics of a decentralized economy.

It is essential to highlight that all technology in its initial stage carries its risks and difficulties, but based on these experiences, the foundations are formed to promote large-scale adoption, and being part of this process can undoubtedly bring us great benefits; from obtaining good returns by experimenting with these protocols in their initial phases, meeting and being in contact with developers of the platforms where we are users.

And even the possibility of finding a job in this fascinating industry, which is in constant search for talent and where there is generally an excellent disposition to remunerate its professionals in the best way.

We are at a key moment where taking the initiative to learn about these issues and learn skills related to decentralized finance can radically change our lives and bring us great benefits in the long term.