The CryptoMarket Crash has no Impact on Defi World

The Defi and decentralized finance have become increasingly interested among investors, the recent crash of the crypto market did not become a major obstacle in Defi growth, decentralized finance has become a new type of financial structure in our physical world, now digital currency has no limitation, and time constraints, anyone can be benefitted from the blockchain technology, countless method appeared to increase the digital wealth, the visibility and security of blockchain transactions become the key drivers for the adoption of Defi based financial products, the emerging Defi based projects bring sustainable value to wide range of financial services.

Defi brought the number of innovative projects that surprised the crypto world, the Polkadot, NFT, Matic, and Cordano performance is beyond the expectation, the impact of the current dip increased the investment as well as the popularity of Defi based projects beyond the imagination.

Defi projects change the traditional loan mechanisms to the digital ones, the current dip supplement this trend, if you need the money and reluctant to sell on hand encrypted assets you can try the Defi projects, most of the users use on hand crypto assets to do mortgage lending, there are thousands of platform that can provide the encrypted asset mortgage lending services.

Decentralized exchanges now forefront in providing the investors with multiple resources to increase the crypto wealth management, if one user has crypto assets worth 1,000 USD, he can visit the DEX exchange and swap or trade for the better crypto asset, he will not worry about the hidden fees and exchange fees. The ratio of DEX spot trading volume continues to surpass the centralized exchange trading volume, according to data transaction volume growth rate of DEX has exceeded 150% which is a huge threat and challenge for the monopolized centralized exchanges.

There is also another type of investment opportunity in Defi based projects which are referred to as the liquidity mining opportunities, its an aggregate income system to help you manage and invest your crypto assets to create an income stream, you only need to deposits your crypto assets to the aggregate income application that bringing your deposits to the outside world for further processing. Such systems mainly provide asset management or financial management.

Defi also introduced the many types of derivatives including futures, options, leverage, and insurance, you can use your on-hand encrypted assets to directly trade for long and short for a number of derivatives alternatives like gold, silver, and fiat currencies. Due to an uncertain world and failures of various kinds, a number of Defi based projects appeared to cover the cost of an asset, if you have not enough trust in the certain digital object, and if you think that someday it will collapse then you can buy a Defi based insurance and invest a specific amount in Defi based insurance assets.

The entire Depi ecosystem build around the ETH network, but a little bit is on different networks, of course, Defi on ETH is the most prosperous but not all encrypted assets based on Etherem blockchain, for example, Bitcoin and Ethereum are two different blockchains, and everyone knows no one can share same crypto asset on both chains, but there are kind of services available where different robots move the assets from one platform to another platform like if you want to move Bitcoin on Etehreum network you can wrap on Etherem chain-like WBTC and same as renBTC, HBTC, and sBTC.

Source: https://medium.com/cryptocurrencies-ups-and-down/the-cryptomarket-crash-has-no-impact-on-defi-world-cc3942815a8b?source=rss——-8—————–cryptocurrency