• Promotes financial inclusion, and increases the number of intermediaries allowing the users to interact directly with the platform. 
• Bitcoin was the first Defi. 
• It is good for developers looking to innovate and expand the ecosystem. 

Defi- The Decentralized Financial System

Also known as decentralized finance or Defi, Bitcoin is the kind of money that any bank or central government doesn’t control.  The term It was born in August 2018, as a part of the conversation between Ethereum developers and Entrepreneurs with the Inje Yeo of set protocol. Bitcoin can be transferred easily to anyone and anywhere without any financial institutions or banks.  

It has no central authority or someone in charge, and it uses using decentralized money, like cryptocurrency.  That can be programmed for automated activities, which allow exchanges, lending services, insurance companies, and other organizations that don’t have any owner. 

The top five Defi projects  

Metacade   

The virtual community for Web3 gameFi and metaverse gaming is Metacade, which intends to become the crucial research point for the players to discover new games. Metacade allows gamers to earn and directly influences gammaFi’s development. The live Metacade price is $0.0222903.  

Uniswap 

One of the largest decentralized finances, Uniswap exchanges are available on Ethereum, Polygon, Arbittrum, Optimism and other networks. Uniswap’s Uni Token is an ERC-20 that provides the gateway to a wide range of DeFi services on the e-platforms. It also provides the holders the right to vote for Uniswap’s future direction and offers them revenue share. 

PAX Gold 

It is the third project, allows the users to purchase a fracrional amount of gold. With the Cryptocurrency which is baked with the physical assets. 

Augur

A project aims to disrupt the online betting ecosystem with the blockchain- based market. It aims to build the fully transparent exchange with no limit and no rollover requirements. 

MakerDAO 

A decentralized autonomous organization. That creates the pand backs the Dai stable coin. Dao is one of the popular Defi projects, with holda the value opf some billions in the smart contracts. 

Although Decentralized finance is the good opportunity for the investment alsp have some risk with it. It have the ability that enables anyone with an internet connwction in order to access the financial services. Also provides the security and transparency with innovation. It was design to to be interoperable. Defi have emerged a rapid growing sector in the blockchain and cryptocurrency space offers things. It elevates the level of traditional cryptocurrency by providing the the vast array.