🚀Decentralized exchanges (DEXs) are cryptocurrency exchanges that operate without a central authority, allowing users to transact peer-to-peer and maintain control of their funds.

—Difference between a centralised exchange and a DEX
As suggested by the name, centralized cryptocurrency exchanges act as a third-party between a buyer and a seller. Approximately all of the crypto transactions go through centralized exchanges since they offer more reliability.

🎯If you understood what a centralised exchange is, you can probably guess what a DEX is now. The primary difference is in the fact that you have access to the private key for your own crypto wallet. You’re not dependent on a central entity to hold your cryptocurrency.

📊DEXs don’t charge any listing fees which rivals the centralized exchanges. Just a few years ago, projects would pay millions of dollars to get a token listed on a centralized exchange.

⛓On many DEXs, transactions are executed on-chain.This means transactions occur on a single blockchain, like Ethereum, Binance Smart Chain, Polygon etc. Popular DEXs in the DeFi space currently include AirSwap, Liquality, Mesa, Oasis, and Uniswap.

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📈The various fields where smart contracts finds its applications in DeFi:

—Digital Identity
With DeFi, smart contracts can help counterparties learn about the individual without knowing their true identity or verify transactions. This frictionless KYC can help improve interoperability, resilience, and compliance — all with the use of smart contracts.

—Loans and Mortgages
Smart contracts can help improve the financial services, including mortgages and loans and ensure that the whole process can be completed in a friction-less way.

For instance, to handle a mortgage a smart contract can be created to manage it by tracking the payments and releasing the property when the whole loan is paid off.

—Supply Chain Management
Smart contracts can be used to track items within the supply chain with full visibility and transparency. A business can use smart-contract-powered supply chains and improve its inventory tracking to a granular level and enhanced tracing results in fewer frauds and thefts.

—Trading Activities
In this case, the middleman or broker is removed, and his work is automated with the smart contract. This removes the additional cost related to them. There are many companies using smart contracts for this purpose.

📑“Smart contracts are essential for our economy as they can provide the necessary automation for decentralized platforms. Smart contracts provide a unique way of solving problems, including trading activities, clinical trials, insurance, loans and mortgages, and so on!”

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🕹Video games are played by nearly 3 billion people across the world. This forms the base for a whole ecosystem built around gaming. Few of the best players also have earning streams solely dependent on gaming.

🤑The video game industry is worth around $336 billion. One of the key aspects of the industry which has grown into one of the largest media categories, is centralization. This gives the developers, publishers etc. the rights to all the transactions that happen with the games.

🧩There are many players who invest time, effort and money as well for the games. However, what they earn within the game does not translate into real money. Hence it is a non-return investment.

📈This historical model has been in existence since starting and continues to exist as the industry grows. However, things seem to change with the arrival of “Play2earn” games. These games allow the players to truly earn and own digital assets, which they can sell in the marketplace and make profit.

🚀The advent of DeFi and NFTs that are based on blockchain technology has enabled to decentralize the gaming industry which once was heavily centralized. And AGV DAO further makes it simpler for players to make a transit to the play2earn model.

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Keeping on building 👷‍♂️

Locked staking is coming, with its internal testing happening this week 🦑

Along with building our next DeFi products updates, we've also made a clear plan regarding the Kalmy NFTs...

But more on that later 👀

https://twitter.com/kalmar_io/status/1536364275127791617

📈The top DeFi Protocols in Crypto Space:

Aave
Aave is one of the most popular and leading lending protocols in the DeFi landscape. It utilizes the native token AAVE for the security of the protocol alongside enabling users to participate in the governance of the protocol.

Compound
The protocol features a native token, known as COMP, which users can earn by lending or borrowing assets. COMP is also helpful for the governance of important protocol decisions with the flexibility of voting and delegation through the Compound Governance Dashboard.

Uniswap
Uniswap is presently the topmost decentralized exchange in the DeFi space. Users can earn the native token, UNI, by offering liquidity to particular pools. In September 2020, Uniswap offered 15% of its supply to previous users by introducing a program, “Universal Basic Income.”

Balancer
The Balancer DeFi protocol focuses on automated asset management and liquidity with the facility of governance through the native token. The native token, BAL, helps in the governance of crucial protocol aspects such as support assets and protocol fees.

🤑These protocols offer much stable returns on your investments and the APY’s offered are variable depending on the demand and supply of the assets you've invested in.

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https://twitter.com/Onering_Finance/status/1536785543022792704?s=20&t=iGc17shChxzldq8YJDDUfw

Happy to announce our partnership with Zebec on Solana. We will use their technology to push Onering and they will also support us with marketing and building a community on Solana :).

📣 Zero early access launch

Today we launch Zero Early Access. It’s borrowing—as it should be.

This is major for #Sovryn, and the #Bitcoin #DeFi space. We’re moving the needle for borderless, financial self-sovereignty that’s backed and secured by bitcoin.




Zero middlemen.
Zero identification.
Zero payback period.
Zero % interest.

Zero is not niche.

Zero is finance, open to all.

Zero is simply the best way to borrow with bitcoin.

Stay tuned for more…

In the meantime…#GetOnZero
https://bit.ly/3Qr3km9