👑 #DeFi, #Cryptocurrencies, and the New #Banking
🌳 Today, almost all DeFi services involve #digital #currencies like #Bitcoin and #Ethereum instead of real money. Users gain access through software. They connect their digital #wallet to the #app, select a service from the menu, which does not require human intervention as it is executed automatically. The only condition for participation is the existence and possession of #cryptocurrency that will be made available for bail.
https://medium.com/veniceswap/defi-cryptocurrencies-and-the-new-banking-f50edd0ee1
🌳 Today, almost all DeFi services involve #digital #currencies like #Bitcoin and #Ethereum instead of real money. Users gain access through software. They connect their digital #wallet to the #app, select a service from the menu, which does not require human intervention as it is executed automatically. The only condition for participation is the existence and possession of #cryptocurrency that will be made available for bail.
https://medium.com/veniceswap/defi-cryptocurrencies-and-the-new-banking-f50edd0ee1
Medium
DeFi, Cryptocurrencies, and the New Banking
The new DeFi (Decentralized Finance) applications are coming to change the banking system and replace the traditional financial system by…
🍪 What is #Staking?
⛏️ #Mining #earnings rates with #Proof of Stake (#PoS) are dependent on the #cryptocurrency to be #mined. Basically, the higher the #balance in your #wallet, the more you earn.
https://medium.com/veniceswap/what-is-staking-8fe42b826485
⛏️ #Mining #earnings rates with #Proof of Stake (#PoS) are dependent on the #cryptocurrency to be #mined. Basically, the higher the #balance in your #wallet, the more you earn.
https://medium.com/veniceswap/what-is-staking-8fe42b826485
Medium
What is Staking?
Staking is the process of keeping your cryptocurrencies locked in your wallet for a certain period of time without spending or transferring…
💥 #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
🍕 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
Medium
Crypto Lending Explained
Cryptocurrency enthusiasts are often encouraged to “HODL” their assets — keeping them safe in a wallet until the price of their chosen…