Sirwin
Sirwin

Slavi DeFi Vs Traditional Bank

By Dayve___ | DeFi-ed | 5 Jan 2022


Hi, welcome to a new era in finance, beginning with DEFI. First, you have to know what DeFI is and where Slavi comes in.  

Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The system removes the control banks and institutions have on money, financial products, and financial services, therefore, giving you total control of your funds. But on par with advancement exist underlying problems to making DeFi solidify its footprint in the financial sector. With one being the inutility of being able to connect the Decentralized Finance projects directly using available financial access tools, like bank cards, is making access to the market easier said than done, and users compelled to pass several registration stages, tether their cards to services, and then access the necessary protocols through wallets and other gateways, and though this comes with its advantages stats show that users and investors will pick interoperability and user convenience over the benefits that DeFi offers, now this is where Slavi comes in. 

Slavi is an open-source project aimed at developing a simple and unique application with an all-inclusive and understandable user interface offering a high degree of user experience, which would allow anyone to access the world of decentralized applications in one click. Slavi is leveraging the capabilities of the most modern technologies in places of encryption and blockchain accessibility, intending to create products that users can connect to the entire cryptocurrency ecosystem using their bank cards and the Slavi project’s SuperDApp mobile application. 

Now that you know what DeFi and Slavi are, let's get all suit and tie with information from CoinMarketCap. The DeFi crypto market cap is $165.14B, a massive increase from 2021 $20-$40B Jan market cap. The constant growth which spread across the development of cryptocurrencies and ensuring the rise of the blockchain market has led this trillion-dollar capitalization into the systematic creation of numerous solutions, systems, and services catering to the users who are contributing their funds to the industry. The further development of the blockchain industry has also led to the need to streamline fund flows and ensure a mirror reflection of the convenience presented by the traditional financial market in the decentralized environment in terms of seamless transaction processing, portfolio management, and investing. 

Slavi ecosystem enables financial investors, users, and partners to quickly and easily access new services, power applications, and engage the unbanked using the best blockchain technologies, from delivering a secure, fast, and ready-to-deploy environment built on the blockchain platform IOTA. DEFI is the future of finance. Slavi is at the forefront of this development.

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Dayve___
Dayve___

My name is David, I have 4 years experience of FX and Crypto, i started my DeFi journey 2020 during the lockdown, and I'm here to share knowledge gathered overtime.


DeFi-ed
DeFi-ed

All about decentralization and projects in its space

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