Etherium News

Decentralized Finance: New Opportunities and Risks

 Decentralized Finance: New Opportunities and Risks
Decentralized Finance: New Opportunities and Risks

Decentralized finance is growing throughout 2019, with more mentions on conferences and social media. DeFi apps take over the network, and were the chief source of growth for the third quarter. Like other phenomena in cryptocurrency, DeFi is seen as another chance at democratizing access to finance and gains otherwise reserved for large-scale investors.

https://twitter.com/spencernoon/status/1189346209862946816

Just like ICOs mimicked stock sales, DeFi offers the opportunity for passive returns. However, crypto-based lending is still unregulated, and raises the question on whether it would be the next aspect of cryptocurrency to be regulated. Maker DAO may again be the first, as it has plans to introduce a KYC procedure if it starts accepting fiat as collateral.

https://twitter.com/masonic_tweets/status/1099765621305339906

So far, DeFi organizations function under the principle of a Decentralized Autonomous Organization, or DAO. But it is possible the activity of lending and interest generation may come under scrutiny.

Kadan Stadelmann, CTO of Komodo, a multi-chain archi…

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: investing.com
View original post

Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close