What is Decentralized Finance & Risks Involved in it? (DeFis & Risks)
What is Decentralized Finance & Risks Involved in it? DeFis & Risks DeFi : Decentralized Finance During the early stages of crypto development, there used to be Bitcoin only. Then general perception about crypto was that crypto does nothing, it’s a place of gamblers. Even I remember about myself when during 2012, I was in a book fair at Pragati Maidan in Delhi to buy some books. I saw a book ‘Bitcoin – Profit Making Strategies’, but i did not buy even though I am addictive to books. The reason of not buying was that Bitcoin is for gamblers. But now, with the development of DeFis – people stopped saying such things. What is Decentralized Finance? Basically, it’s system of finance where various players from finance world participates. Such players may be like banks(lenders/borrowers), pooled entities, providers of financial instruments/negotiable instruments, entire space connected to finance companies, etc. As on date the entire finance world is associated w