Welcome to the Ask SCN Community Forums Global Forum General Discussion Benefits of Decentralized Finance

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    Jane Fraser

    The Benefits of Decentralized Finance or DeFi are

    Democratic control by participants (financial consumers) over how a system works
    No central authority with outsize power to affect the fate of participants’ deposits
    Greater reach to customers regardless of geographic location, as all one would theoretically need to participate is an internet-connected mobile device
    Less vulnerability to outside breaches due to decentralized security protocols
    Greater autonomy to customize specific blockchain protocols democratically, which may allow dynamic shifting of interest rates for lending cryptocurrency as one possible benefit

    Nowadays most of the Decentralized applications are launching in DeFi space and many entrepreneurs are gearing up to build Decentralized Exchange applications but the one factor that makes them difficult is development cost, But Many Crypto Exchange Clone Script reduce the development cost to half. With PancakeSwap Clone one can easily build a Decentralized Exchange

    • This topic was modified 1 year, 10 months ago by Jane Fraser.
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