Hy steemians

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WHAT IS DEFI:

It is basically a decentralized finance blockchain base market its independent of financial intermediaries the most common is etheruem inspired with blockchain and this network is widely base on digital currency transactions and their history chain of all transaction take place some people mean that it is used for money laundering but it can't because the chain and trail of all transaction can be identified with the help of wallets. It is different because its eliminate the financial intermediary so all transaction supports and keys are in the hand of person carried a wallet there many wallets being in that most best is binance, blockchain.com and many more I recommend you guys to use binance because it is one of the most safest of all although you have to search that which is legal in your country perhaps you will be face difficulties.
So use all the digital market with cautions! and eliminating middle man is one of the most key role in defi.
Its a decentralized market and its idea in the industry basically called open finance system.
I'll give you some of famous type of defi applications which enhance you guys

1: DEXS: (decentralized exchange)

Its a type of exchange which helps in transfer one currency to another like USD BITCOIN ETHEREUM BIANANCE COIN etc they can do trade with their money without the purpose and cautions of middle man

2: SOLIDITY OF COIN:

The stabilization and solidity base on the USDT DOLLAR which the crypto is being tied and make bonding of an asset.

3 : WRAPPEDD BITCOIN: (WBTC)

WBTC is an ERC token and Its basically represents BTC on Ethereum. So they both are intermediate exchanger of each other and YOU can convert 1BTC to WRAP with violations of price.

much more applications you can found my knowledge led me this to emphasize you guys. Now lets talk about the yield farming technology and further detail.

YIELD FARMIING:

In this you can bear more risks so the more the risk the more you earn and all of that investers whose mind are just sett to earn maximum profit they basically taken through yield farming as am the student of Icmap, my subjects are just related to this circumstances and we discuses the natures of traders. Howbeit deals with the opportunities for larger return on their investment.

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ACCESS ON META MASK:

You can make wallet on meta mask most globalize network of defi and where you can transfer coins and much more coin of crypto. There you can experience simpler better execution for trading assets.

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All you can found much more about defi its bit knowledge from my point of as am seeing the decentralized page here is the link you can get some code knowledge of it.
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3 CRPYPTO STEPS IN TO ECONOMY SYSTEM:

As you all familiar with me my background and I know that how can crypto gonna digitized this world with its as crypto currency have the potential to enables the social growth through out the world by offering easy payment method by just clicks on one you can access you payment where ever you want.
since economist gave just assumptions law but if evolution of theory commence in it makes huge transformation as from this digitized platform it will easily enhance the govt deficit and much more.
As the world is in the race of fully digitilized world cryptocurrencies will definitely find a gate way to give economic growth and will made illusions in people mind where people can access there money anywhere they want.

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This all I earned from the technology of crypto and hope you understand it and I use very easy words which will ease you guys and my cautions is where you invest please do a research and then invest.

        THANKS  FOR GIVE READ!

Cc :-
@steemcurator01
@steemcurator02
@gbenga

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