Beginners Guide

How To Invest in DeFi? – Helpful Guide

Written by: Sara K

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Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

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Aug 27, 2020

Finally, you are here! 

I Understand your struggle and curiosity to learn more about this complex looking term DeFi. It may sound or look a little complex but it's too simple to learn and invest in a DeFi Project. 

This Guide will help you understand how Defi projects can boost your financing skills. It also the factors you should consider before starting a Defi project.

Decentralized finance (Defi) is a rapidly growing industry. The total market capitalization has crossed $15 billion by 2020. The funds locked in the smart contracts have also reached $5 billion. 

Anyone who wants to be a part of this wave is facing challenges with understanding the concept and finding secure-reliable ways to invest in it.

What Is DeFi?

Decentralized Finance (DeFi) - is an ecosystem of Decentralized financial applications that are backed by Crypto payments. Generally, it is built on Smart Contract- Blockchain Technology. The use-cases of DeFI include developing a decentralized alternative to any existing financial services like Loan, insurance, banking, lending, staking..etc. 

DeFi has emerged to be the most prominent use case of blockchain technology. All the financial services can now have easy access to decentralize themselves. It also provides an untampered, non-hackable, faster and more lucrative financial service. 

Defi is going to trend the market for the next 5 Years and you should understand it a little more to make the best of finance. Read more about DeFI

Understand This !

Investing in DeFi is not something like a “DeFi token” or a” DeFi Wallet”. Rather you will have to find projects that are running on this concept of Decentralized Financing. These Projects generally offer financial services like lending, staking, insurance and pooling along ...

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