10 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?
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.