Defi (Decentralized Finance) brings us an interesting new world of possibilities. This new trend enables the crypto space to become even more decentralized than it already was.
However, for the average person, a newbie, or even a savvy cryptocurrency user, the process of using this tool can be quite lonely and complicated.
There is so much out there and it is hard to pick and choose. The tools and platforms are not super user-friendly just yet and it is very, very easy to get confused, pick the incorrect pool, or even lose funds because of technicalities. Everything is unknown, quite tempting but scary at the same time.
We have seen many Defi tokens such as Farm perform well in the market space and many of us are wondering the best way to dive into Decentralized finance but simply do not know how, or simply unaware of which profitable pool to pick, or how to navigate the wallets and the technology.
So Binance Exchange created a solution just for that. With the Binance Smart chain program, an average user like me can now indulge in the world of Defi using simple tools that are easy to understand and engage.
For the savvy user, you must be wondering why would we prefer to use a Centralized Exchange to do a service for us that we can otherwise do independently ourselves? Well, the answer is trust and development. With Binance being one of the Top Crypto exchanges in the world, it is by now trusted by millions of users. Besides the Binance team is fast with Development and since Decentralized Finance came into existence they have been eyeballing the perfect way to present it to the public and they did so, successfully, with Binance Smart Chain.
Just remember that there are risks with everything and it is important to do your research before diving into Cryptocurrencies in the brand new world of Decentralized Finance. It is a jungle, a farm, a banquet out there! It is important to do a lot of research before even thinking of diving in.
Today several Defi tokens are standing out in the crypto market space. Farm (Harvest Finance) also known as iFarm is one of the first successful Defi projects. Harvest finance (ifarm) has evolved so much since its conception that now it is featured to the whole world via Binance Chain and vise versa.
It is nice to see the opportunities that come with Defi and how much Decentralized Finance broadens the scope of future finance in general. It gives us, the people, a greater earning capability. It gives us, people, a true sense of how to lend and borrow value in a meaningful way. with Defi, I learned that we are the liquidity. The banks just made sure that we forgot that fact. Time to be reminded of the value we hold. In my humble opinion... Defi is here to stay. Time to Farm and build a homestead.
(My humble opinion, not investment advice)
All my best
Social Media links: https://cointr.ee/mammycrypto
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