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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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.