Cryptocurrency’s promise is to make money and payments universally accessible– to anyone, no matter where they are in the world.
So What Is Decentrallised Finance?
The Decentralized Finance (DeFi) or Open Finance movement takes this promise one step further. Imagine a global and open alternative to all the financial services you use today (savings, loans, trading, insurance and more) accessible to anyone in the world with a smartphone and an internet connection.
This is now possible on smart contract blockchains, such as Ethereum. "Smart contracts" are programs that run on the blockchain and can be automatically executed when certain conditions are met. These smart contracts allow developers to create much more sophisticated functionality than just sending and receiving cryptocurrencies. These programs are what we now call decentralized applications or dapps.
You can think of a dapp as an application based on decentralized technology, rather than being built and controlled by a single centralized entity or company. (Get used to this word, dapp, you'll see it a lot from here on out.)
While some of these concepts may seem futuristic - automatic loans negotiated directly between two strangers in different parts of the world, with no bank in between - many of these dapps are already active today. There are DeFi dapps that allow you to create stablecoins (cryptocurrencies whose value is linked to the US dollar), lend money and earn interest on your cryptocurrency, obtain a loan, trade one asset for another, buy long or short assets, and implement trading strategies/investments advanced and automated.
What are area of Investments in Decentrantralised Finance[De-Fi]?
Stablecoin and Decentralized Reserve Bank: MakerDAO
Maker is a stablecoin project in which each stablecoin (called DAI) is pegged to the US dollar and is backed by collateral in the form of a cryptocurrency. Stablecoins offers cryptocurrency programming capability without the downside of volatility seen with "traditional" cryptocurrencies like Bitcoin or Ethereum.
Borrow and Lend: Compound
Other popular loan / loan dapps are Dharma and dYdX. Aggregators like LoanScan track loan / loan interest rates across different dapps, so you can compare the best rates.
Automated Token Exchange: Uniswap
Uniswap is a cryptocurrency exchange that runs entirely on smart contracts, allowing you to trade popular tokens directly from your wallet. This is different from an exchange like Coinbase, which stores your cryptocurrencies for you and keeps your private keys for security. Uniswap uses an innovative mechanism known as Automated Market Making to automatically settle trades close to the market price. In addition to trading, any user can become a liquidity provider by providing cryptocurrencies to the Uniswap contract and earning a share of the exchange fees. This is called "bundling".
Other popular decentralized exchange (DEX) platforms include 0x, AirSwap, Bancor, Kyber, IDEX, Paradex, and Radar Relay. They all have slightly different architectures.
How To Invest In De-Fi using Zedwallet?
Zedwallet makes investing in De-Fi easy through it's inbuilt support for all smart contract application over the blockchain network.
Nothing is as annoying to new users as having to get dirty to learn complicated procedures and technicalities of purchasing and configuring hardwares or softwares required and having to set up and run a node over the blockchain in order to be profitable from what is supposed to be a simple concept of technology.
With Zedwallet , no prior knowledge or understanding is required to invest and take part in Dapps. All technicallities which are hindrance to most users are handled systematically behind the easy and intuitive interface of Zedwallet.
Akk these put together makes transacting and investing in Decentralised Finance over Zedwallet truely a breeze.
Features of Zedwallet:
Earn 0.5% daily ROI or 15% weekly ROI on your invested cryptos daily without your funds leaving your wallet
De-Fi Support for Bitcoin, XMR, TRON and many more directly from your wallet.
Support for non De-Fi coins are handled by bridgeing directly and minting over REN protocol.
How To Invest In De-Fi over Zedwallet?
Investing in de-fi through zedwallet is not a dificukt one at all.
No preliminary knowkedge is required to use Zedwallet as you only need to have your coins in your Zedwallet then investing at the ckick of a button.
On investing, details about your particular investment and progress come live at your dashboard until it's expiration.
Typical investments in Zedwallet Has a live circle of 30 days.
Steps To Invest in Zedwallet:
Create an account at Zedwallet at https://www.zedwallet.net
After logging into the Zedwallet dashboard, select the coin you want, then click DEPOSIT to create your deposit address.
Top up your wallet: transfer or send the desired sum to your deposit address from your exchange or other wallets.
If you don’t already own crypto, you can buy it on popular exchanges like https://paxful.com, https://localbitcoins.com, https://luno.com, https: // remitano.com, etc. It doesn’t matter which exchange you use; you just need to transfer the desired amount to your Zedwallet address in order to fund your wallet.
COIN SUPPORT
ZedWallet supports most major cryptocurrencies, including Bitcoin (BTC), Litecoin (LTC), ChainLink (LINK), Bitcoin Cash (BCH), Neo (NEO) and Ethereum (ETH), Monero (XMR), Cadano (ADA). ), Tron (TRX), etc. As the number of user requests increases, more cryptocurrencies are added.
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