6 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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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.