What about DeFI? Decentralized finance challenges the current | 3x Capital - Be Brave to Invest

What about DeFI?

Decentralized finance challenges the current banking system by eliminating intermediaries, therefore creating peer-to-peer financial networks.

At first, it had only one application - creating stable-value cryptocurrencies, also known as stablecoins that are pegged to fiat currency, for example, $USDT.

But with the development of the industry, DeFi market has grown to a $53B size, which is still tiny in comparison to the size of the banking system.

Modern DeFi consists of various segments like DeXs, Lending Protocols, Staking Providers, and Asset Management. Read more about it in the article.
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