@globalvillage
7 months ago

How is Decentralized Finance being built on Ethereum Blockchain?

There's a lot of talk going on that a series of projects which include Augur, 0x, Dharma, Compound and MakerDAO are collaborating to create a decentralized finance ecosystem. Can someone throw more light on this?

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I really like how BAT is changing the advertising landscape. They recognize that there are flaws in not having incentive for the ad viewers and is trying to change up that ecosystem.

There are applications getting built on Ethereum to short tokens, take loans, and lend money. And all of it is being transparently recorded on a global open ledger "Ethereum Blockchain".


This is replacing traditional finance which is quite opaque and prone to misuse by big players.

Ethereum to short tokens, take loans, and lend money. And all of it is being transparently recorded on a global open ledger "Ethereum Blockchain"

Using blockchain technology to which is purely decentralized platform to keep data safe and secure within network can give more momentum to entire fiance system.


Many new TOKENS with various purposes are builded on many new blockchain platforms.


Ethereum is one of the biggest blockchain ever used to program contract and deploy it on own network.


Along with Stellar and Ripple are also considered as one of the biggest player of upcoming financial revolutions.

Ethereum to short tokens, take loans, and lend money. And all of it is being transparently recorded on a global open ledger "Ethereum Blockchain".


This is replacing traditional finance which is quite opaque and prone to misuse by big players.

One of the most exciting developments within the blockchain space is the coming of the ‘decentralized financial system.’ In this new system, users will be able to access censorship resistant financial services whilst remaining in full control of their wealth and personal data. These financial tools will be open and permissionless — an internet connection will be the only prerequisite to accessing them rather than geography and circumstance. Users will also have an unprecedented level of transparency when it comes to financial agreements, knowing the terms of every contract before entering into one.