💠 #DeFi: An eventful quarter on the #decentralized #finance side

🎹 Decentralized finance has been one of the sectors that has grown stratospherically in recent years by offering a myriad of #borrowing and #lending #apps that deliver double and sometimes, for a short time, triple-digit annual returns. What has happened in this sector in the last three months?

https://medium.com/veniceswap/defi-an-eventful-quarter-on-the-decentralized-finance-side-eda87d4bd882

🎯 #FinTech: A Game Changer in #Finance and #Technology

💵 Fintech companies are involved in intermediating in the world of finance in multiple aspects, in #money #transfers, in #lending, in #purchases and sales of #securities or in financial and #investment advice, to name a few areas in which multiple Fintech companies are appearing.

https://medium.com/enkronos/fintech-a-game-changer-in-finance-and-technology-d2c4f0cf3e4

💹 #DeFi: What are #flash #loans

💠 Thanks to #smartcontracts on the #blockchain, there is no need to make a file to convince your #banker of your #solvency. Anyone can interact with a DeFi protocol and #borrow a certain amount of #money, in #exchange for a #collateral #deposit. This is the idea behind DeFi #lending. The rules of the loan and repayment are governed by the code in the blockchain.

https://medium.com/veniceswap/defi-what-are-flash-loans-c82cb32d4deb

💥 #Crypto #Lending Explained

🍕 Getting a #BTC or #ETH #loan — or any other type of #cryptocurrency loan on a #DeFi platform — is very quick, as you won’t have to go through any kind of screening. Thanks to #smartcontracts, all a user needs to do is apply for the loan and then send the cryptocurrency they want to use as #collateral to a specific #wallet associated with the lending platform.

https://medium.com/enkronos/crypto-lending-explained-a721220465be