Studying crypto and blockchain | Looking for promising projects | Believing in the power of decentralization and Web3
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**š What is DeFi and why do you need it?** DeFi (Decentralized Finance) is a financial system without banks, intermediaries, and bureaucracy. Everything you used to do through a bank ā loans, deposits, and transfers ā can now be done directly through smart contracts. š” Instead of trusting people, trusting code. šø Instead of intermediaries, protocols that work 24/7. š Instead of a single country, global access from anywhere in the world. Why is all this happening? * š± You have full control over your assets * š° Higher returns than traditional banks * š Transparency of all transactions (everything on the blockchain) But there are also risks: volatility, scam projects, and vulnerabilities in the code. Therefore, the main rule in DeFi is **DYOR (Do Your Own Research)**. DeFi is not a HYIP, it is the future of finance. But only for those who are willing to learn. \#DeFi
Today, the overall cryptocurrency market has grown by approximately 3.5% in the last 24 hours, and its total capitalization has reached around $2.3 trillion. Key indicators: ⢠Bitcoin (BTC) has gained 2.8% and is trading around $50,000. ⢠Ethereum (ETH) has increased by 4.2% and is around $3,800. ⢠The top growth leaders among altcoins are Lido DAO (+12%), Uniswap (+8%), and Chainlink (+7%). The main drivers of growth are: 1) Expectations of Bitcoin ETF approval in the US. 2) A decrease in consumer inflation and a softening of the Fed's monetary policy. 3) The activation of DeFi protocols after recent technological updates. Nevertheless, volatility remains high due to regulatory uncertainty and possible market corrections.
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