Today we’re providing this prediction for the DeFi corner of the crypto market. It might give you an informational advantage– One caveat: You must also be prepared to seize the opportunity before everybody else catches on. Defi will take over the banking industry.
Bitcoin and altcoins are the number one assets savvy individuals are hoarding. Bitcoin is the “new gold,”, particularly for the generations who grew up in our digital world dominated by computer gaming and cloud software, and decentralized finance ideas. Decentrsalized Finance is a disruption happening now, We believe, as GenerationX believes, your best shot at financial success is here. You can change the course of your own life forever.
Defi Trend in Crypto
DeFi is decentralized finance built on interoperable protocols. The Defi revolution enables any and all financial transactions take place from person to person. Each individual participant is a component of decentralized finance and can work with any other individual, anywhere on the planet. Compare this to traditional financial firms in which each firm has to create its own lending, trading, and risk management, and charge fees for their work,
Traditional finance creates middlemen and inefficiencies because the same type of software development (trading, lending, security. has to be replicated across each individual financial firm. With DeFi, protocols are open source. That means you don’t have to keep reinventing the same wheel.
What if you were your own bank?
So far, DeFi protocols are all built on the same programming language and use smart contracts, which means they can “talk” to one another. So programmers can write programs that can interact with these protocols freely. Expect improvements with the introduction of a new blockchain running ZK (Zero Knowledge) powered virtual machines, complete with smart-contracts and privacy protection.
Decentralization and security will come to DeFi. New applications will be built that string together other blockchain applications in unique ways. It is unstoppable.
Imagine if you were starting a new financial firm and you were able to use JPMorgan’s trading desk and Credit Suisse’s back-office clearing and have access to Nasdaq’s liquidity– in a completely automated system. That’s impossible in the traditional financial world. But in DeFi, it’s not only possible– it’s happening right now.
How about earning 20% APY on your DeFi savings account? It’s possible today and those rates are attracting people in droves. The future looks bright and we can expect more investors coming sooner rather than later,
DeFi applications on the blockchain will forever change the way we interact with money and financial services. Remember how the internet changed the way we conduct commerce and consume entertainment?
Compare Defi today with the rise of the internet in the 1990’s. It’s clear the DeFi trend is far more than a mania– it is a trend that’s here to stay.
DeFi Bold Predictions
The Next Generation of Blockchain DeFi Apps Will Change the World
Crypto financing, and especially Defi lending and borrowing, is a risky proposition, There are the usual financial pitfalls like fraud, hacking and programming errors. Developers have created hundreds of millions of dollars in DeFi projects. It’s easy to use these problems to altogether dismiss DeFi. But the reality is these problems are the same problems faced in the current centraized financial system.
Traditional payment firms like PayPal, for example survived through periods when it was losing $10 million per day due to fraud. The huge problems didn’t stop PayPal from becoming a behemoth in the payments industry with a $219 billion market cap.
Today, $9 billion is locked up in DeFi applications. That’s a staggering sum of money for such an early-stage application of this blockchain technology. It is fraught with fraud and wild volatility. We tread carefully. The eventual winner of DeFi may not even have been created yet.
We’re making a bold prediction that defi will thrive and become a true disruption in financial markets. We will be doing more research, finding the best protocols, favored platforms, and successful projects we believe will end up dominating this space. Work with us on DeFi. Start by becoming a Cryptoan: JOIN US HERE
