Hello every one welcome to another homework task post for @gbenga one crypto professor, this is week 7 now which is one month and 3 weeks and i have learnt a lot by participating in this tasks and i hope you have too.

This week our professor @gbenga wrote about Defi and Yield Farming if you want to read our professor article click this link any way let's write

In the homework task our professor wrote that we have to write about a Decentralized Finance ecosystem as well as a Project 0r Protocol in the Ecosystem so join me as I write about it starting with what is Decentralized Finance ecosystem.

What Is Decentralized Finance Ecosystem

Decentralised finance is one of the hottest topics in the crypto verse right now, with many speculating that it could be significantly bigger than the legendary Icko bubble of twenty seventeen. So what on earth is different and what could it mean for the crypto space? I'm Guy and in this video I'm going to try and answer that very question. I will also take a look at the popularity of I tell you what a collateralized debt position or CDPR is. Explain why DeFI is useful and what you can do in the current DEFI ecosystem. Explore the future of defi and highlight some of the current problems with decentralized finance. I'll also share my personal take on decentralized finance and let you know which defibrillated projects I have my eye on. OK, let's rock and roll in to define. To explain what decentralized finance is, I'm going to have to quickly run through what smart contracts are.

In short, digital smart contracts enable you to exchange anything of value in a transparent way whilst avoiding the use of a middleman. So let's say that Elon Musk wants to sell a SpaceX rocket to NASA. However, Elon doesn't trust that NASA will send the money and NASA doesn't trust that Elon will send the deed to the rocket. This brings up the age old problem of who sends first. Now, alternatively, a middleman could be used to act as an escrow. However, this could be expensive, and neither Elon nor NASA want to waste needless money on a middleman here. This is where smart contracts could prove useful. The contract could be programmed to only switch the assets if Elon sends a digitalize rocket D to the smart contract. NASA sends one hundred million dollars in Bitcoin to the smart contract. If both these criteria are fulfilled, then the smart contract would execute the trade automatically. The key thing to know here is that smart contracts can be programmed to receive and redistribute digital assets. They can also be programmed with custom rule criteria and transactions made are recorded on a public block chain. This means that the ownership of the assets cannot be disputed. Oh, yet you also need to note that Ethereum is the biggest smart contract platform out there. Now, with that out of the way, let's continue on into define in a nutshell, decentralised finance takes components of traditional finance and decentralizes them by removing middlemen and replacing them with smart contracts.

A straightforward example of this is decentralizing loans and earning interest. However, I'm not comfortable with standing here and giving you the impression that DFI products and services are truly decentralized. Elements of the current DFI ecosystem are pretty heavily centralized. The reason why is that many DFI services or products have a central company behind them, creating the smart contracts instead. The way I like to think about it is that it's noncustodial finance where you don't need to trust a third party like a bank with your money. In my humble opinion, that's a more accurate term to describe what DFI actually is. However, I have no doubt that the marketing departments at defined projects would take issue with having to throw around the term noncustodial finance. It's simply not a very sexy buzz word to use. So I'd be pretty rude by throwing around the word non-custodial and not explaining what that is. Put simply, non-custodial means that you still hold the keys to your krypto and do not trust them with a middleman like a banker. So now that you know what Defi is, let's take a look at why you might consider using DFI products or services. Decentralised finance is all about building more complex financial systems on top of the block chain and enabling them to work with that store of value, that currency, that payment system. The cool thing is that block change, that support smart contracts enable you to interact with money and empower you to participate in things like loans, collateralized debt and fundraising, all this while being outside of the traditional banking system.

Protocol in the Defi Ecosystem.

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Introducing EQFI, finance the New Dawn Peace in the decentralized or DFI ecosystem, DEFI decentralized finance is gradually asserting its position and role in shaping the future of the global block chain and fintech industry. Total assets locked in DFI or TRV protocols have grown exponentially, growing for more than 600 million in early 2020 to more than 10 billion dollars now. EQFI is redefining the entire ways of doing business with modern, decentralized, smart contract system using QFI valuable token EQFI is a new DFI ecosystem that combines sharing franchise and sharing investment with nine core value products. EKU option a trading platform where you can trade a wide variety of instruments. EQR investing here. Investors can choose plans to earn interest bi weekly or monthly from seven percent to 15 percent and extra earning more QFI toker each Eustachy. This is a finance protocol that allows users to stake out QFI via the dedicated staking down with return of one person per day, seven percent per week and 365 percent per year. Farming EKU Farming allows participants to earn returns by providing liquidity in a variety of pools. ECU provides a platform where legitimate projects in the DFI space can be launched and vetted with contract audits, locked liquidity and locked dev tokens in time.

Really smart contracts, ikebana. You can have instant access to a variety of loans while providing a collateral liquidity. EKU lending depositors earn a passive income by providing liquidity. EKU contest contest for all community to earn extra more with each new Eco-Systems equalised in buyers' stagers, polders investors, traders become owners of projects listed with no fees, whereas other DEFI protocols rely upon minting new tokens to sustain their staking and farming rewards. EQFI has allocated tokens for these products, which will be replenished with fees generated by the ecosystem. The QFI ecosystem is a community centered project aiming to rebuild. All classes are financial services provided in traditional finance through DEFI protocols. All profits generated by the ecosystem will be automatically redistributed to all QFI token holders. A symbol vision powered by connected community and profitable for DEFI holders. Come and join to eat QFI finance community today. Users will be able to securely trade, invest, stake, borrow and lending with confidence.