The beginning and future of DeFi

Decentralized Finance (DeFi) is a web 3 structure plugged into corporate organizations to oversee equivalence and decentralization of rights on financial sources by every member of that system.

The whole idea of DeFi began when the centralization of traditional financial institutions became prominent, which in turn raises a need to eliminate the traditional middle man in finance and have more decentralized activities In the financial structure of organizations, in order to see a world where people can invest, make trades and control what happens with their money from anywhere, anytime, in any part of the world with no limitations or conditions.

In past times there have been total control and conditions on how to make money, how to invest and ROI (return of investment), how much you can and can not do with your money by traditional financial institutions and government policies. And this control and regulations are imposed on you to live by them. But now DeFi is offered to help you enjoy the right to do with your money as you want, just like every other right to be enjoyed as a human.

DeFi platforms are on the increase every day with more projects/protocols coming up with more and better financial schemes to offer a better DeFi experience that will see more people settle into crypto and the metaverse at large. It's also projected to give you decision-making rights through governance voting to decide on what happens with the organization and your funds; how they are used and what are they used for, how they raise yields, how the process is gated etc. regardless of how much you've invested or your engagement in the project.

DeFi platforms are the major scale into web3 with many projects deployed across different chains and network that offers incredible financial schemes and also working opportunities for UI/UX designers, front-end engineers, content creators, social media analysts, tokenomics and marketers, etc.

DeFi platforms and DAOs are also knitted communities with people of aligned interests and similar core values working together to achieve a common goal.

With the evolution of NFTs, DEXs, DAOs and other DeFi DApps, the future of DeFi ecosystem is secured and promising and is hoped to experience mass adoption in coming years.

Thank you for reading
Victorfela.