Crypto Academy Week 4 Homework Post for (yohan2on) - Decentralized Finance BY@azizulhassan

lets talk about it its the main thing all the project are based on this idea now let me tell you what it is defi or decentralized finance is a project that will aims at making a new financial system that is open to everyone and doesn't require trusting intermediaries like banks to achieve that defi relies heavily on cryptography blockchain and smart contracts smart contracts are the main building blocks on defi

this is one of the best project ou there and the fastest going project on defi i will just tell you a few basic things and in easy words what it is compound is a company that allows people to earn money on crypto they save this project is built on top of ethereum and users can borrow crypto from compound by putting up collateral above the threshold defined by the project our users can also lend their own money to other people for interest

if you are in the defi world then you must know about this bz its now getting reaily popular in the defi world let me tell you what it is bzx this is an  innovation to margin trading bzX is not  an exchange or broker this is a protocol  which can integrate into any available  and upcoming exchanges to provides the  decentralized margin lending and margin  trading this is the first decentralized  peer-to-peer margin lending and margin  trading protocol which is built on e  ethereum and integrated with the 0x  protocol in short this is the platform  for crypto lenders and the crypto  borrower who feel unsafe in centralized  platforms  

let's get on top of uniswap so what is uniswap put simply it is a decentralized application or DAP that facilitates the on chain exchange of ERC 20 tokens it's more colloquially known as a decentralized exchange or a dex through the use of smart contract technology and a super simple user interface users can connect to Eunice WAP with popular web 3.0 wallets like meta mask the main thing to note  about unis swap is that you remain in control of your assets the entire time you control your keys and user do not  have to rely on another third party to operate with honesty when facilitating a transaction

 maker is the most important project that you should know about becouse it provide dai and becouse of maker there are many amazing things that can happent the best part about maker is that its the first prject that started the decentralized finance movement was maker Dao maker Dao  founded in 2015 allows user to lock in collateral such ether  it and generate dai a stable coin that by using certain incentives follows the price of u.s. dollar dai can be also used for saving on makers Oasis platform thats the easy way of explaning it for you guys

synthetic  asset is a issuance protocol  allow you to mint hold and trade a  many type of derivatives including fiat currencies  commodities and stocks  as well as cryptocurrencies like bitcoin  maker  and link with synthetics you are able  to gain both  long and short exposure to all assets on  the platform the protocol synthetic  asset known as synths  are collateralized by the synthetic  network token or snx  this is the token omics that make the  investment into the snx token  so powerful as they are required as an  underlying collateral  for all of the operations here on the  platform synthetics also offers  binary options a way to purchase a  position on a yes or no outcome  over a predefined period underpinning  the synthetics ecosystem is a vast  number of liquidity incentives rewarding  traders for providing capital  to the different components of the  synthetics ecosystem

thank you so much for reading

Special regards;
Cc: @steemcurator01
Cc: @steemcurator02
Cc: @steemitblog
Cc: @yohan2on

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