Introduction to decentralized finance | Kolus290

Currently all cryptoassets in my personal opinion are a revolution in the financial industry, I have touched many topics about this and I find it a topic that is very discussed worldwide apart from the NFT's.

Currently we have a very interesting future with this type of technology, because in my opinion, simply every day that passes this becomes more fashionable, for example, there are currently children of 12 or even less that have managed to exceed 100,000 US dollars selling NFT's and that is something very interesting, why do I say it is something very interesting? simply because it is not so easy to sell a NFT and in my personal opinion I say this because of the use or function of the same kids.

What does decentralized finance (DeFi) mean to you? We all have heard about this new "fashion" if you can say so, I want to mention that I will make a post about how to make money with decentralized blogs, I recommend you to be alert in this same post or in others in the future. I also want to mention smart contracts based on Ethereum (ETH) this is of utmost importance in many decentralized applications as it allows us to create smart contracts on this network without the need for coding knowledge, we will talk about that soon. As well as stablecoins which are coins that are worth the same as a US dollar and are backed by fiat money or some financial assets.

I want to mention something very interesting for cryptoinvestors and that is that today we have the technology of some Dapps that allow us to borrow, invest with an annual interest rate higher than the current dollar devaluation. Also something very important is that we can create our own cryptocurrencies and even our "stablecoins" something that I found very cool.

There are currently many security systems in DeFi and that is because this can be very anonymous, that is, we all know that cryptocurrencies and their whole world are decentralized things, but most do not imagine how much. A "KYC" is not always required, let's talk about the case of loans, in this type of transactions it is necessary to leave some collateral, contrary to the bank that do not ask you for collateral to give you their loans in FIAT.

See you in the next post.

Kolus290.