DeFi (Decentralized Finance) is a technical term that describes a new direction in financial technology that uses blockchain and cryptocurrencies to create decentralized financial instruments and services without the involvement of traditional intermediaries such as banks or financial institutions.
The main principle of DeFi is first of all to create open and transparent financial protocols that operate on the basis of smart contracts on the blockchain. These so-called “smart contracts” allow for the automation and security of financial transactions such as lending, asset swaps, insurance, and even investment management.
Principle of operation
Many users are interested in understanding exactly how the unique strategy and the platform as a whole work. Here it is necessary to highlight several fundamental factors regarding decentralized finance:
- a well-thought-out combination of landing and farming protocols for a successful launch;
- own token is used for smart redistribution of management and income received;
- it implies a buyout on a permanent basis to increase prices;
- the Bolide aggregator is considered the most profitable and at the same time easy to use for both professionals and novice users;
- the list of crypto-partners continues to grow exponentially, which indicates the effectiveness of the application.
Benefits of a cryptocurrency platform
On the Internet, there are many different options specially designed for cryptocurrency. Among them, the most convenient and easy-to-use platform according to the majority of active users is Bolide. In the list of its distinctive characteristics, one can safely include such advantages against the background of competitors, such as:
- first of all, you should pay attention to the convenience of the proposed interface and its versatility;
- it is also important to note the use of exclusively proven, and therefore completely secure protocols;
- attention to detail is paid as much as possible, which makes the platform more attractive to potential consumers;
- support for many well-known storages on top blockchains, including such as Binance SmartChain, as well as Etherium;
- transparency of smart contracts (meaning open source code).