Defi also known as Decentralized Finance involves financial tools and platforms that is developed on decentralized networks. Therefore, Decentralized Finance (DeFi) as a concept is capable to introduce almost all financial services available in traditional financial institutions but on blockchain.
Furthermore, Decentralized Finance utilizes smart contracts and enables users to store, hedge borrow, lend, transfer, insure, collateralize and perform many more with their funds without facing complexities existing in centralized finance.
At present, DeFi is one of the trending topic in the cryptocurrency space. So far, this innovation aims to provide advanced financial services while leveraging traits and functions of blockchain to establish a transparent and more open financial system. As such, DeFi brings about some key advantages like eliminating intermedaries from financial transactions, greater security & privacy, incredible transparency and cost efficient.
All these advantages and components of Decentralized Finance such as smart contracts, protocols, digital currencies, decentralized apps and so on, have revolutionize both traditional finances and cryptocurrency sphere, removing limitations on payments and transactions.
The DeFi concept also introduced another impressive product known as Credit Offering. In this case, people can borrow money from a DeFi platform at lower interest rates than offered by traditional institutions. Also, anyone can easily lend on DeFi based platforms and receive higher interest than what a centralized financial establishments will pay.
With smart contracts playing a key role in DeFi platforms and apps, middleman are removed from lending and borrowing transactions. The smart contract determines interest and fees that lenders receive and borrowers pay based on indepth data obtained from the market. DeFi's Credit Offering has captivated the attention of people who are willing to participate in the DeFi movement as investors (Lenders) and borrowers to access improved financial services and receive better returns.
Now, Anonyme is a new protocol for people to engage in the DeFi bandwagon and access various DeFi based services at their best interest. The platform comes with incredible features for users to swap, lend, borrow and farm digital currencies.
Without submitting personal information or undergoing KYC procedures, users will be empowered to lend and borrow, which entitles them to steady earning of interest from the Liquidity pool in a transparent and trustless manner.
Anonyme platform is merged with an Automated Market Making (AMM) decentralized exchange (DEX) that runs on Ethereum blockchain. This DEX also called Anonyme Swap perform variety of decentralized use case like integrates easily with wallets, Apps and websites to allow instant exchange of funds or tokens.
Furthermore, Anonyme Swap offers high liquidity aggregation, greater transparency, customizable business models and guarantees immediate token settlements.
The Platform runs efficiently with native cryptocurrency known as Anonyme token with token symbol ANON. ANON token is built on Ethereum network with total supply of 100 million units.
In conclusion, all aspect of Anonyme ecosystem is fully secured and protected because it leverages blockchain as it's foundation. Besides, sustainable fund distribution and reduced risk of funds loss is assured via platform's integration with mature audited smart contracts. Thus, Anonyme exposes their users to unique DeFi based lending and borrow services with expected satisfactory interest and incentives.
For more details ;
Website Link : https://anonyme.finance/
Telegram Channel : https://t.me/anonymecommunity
BitcoinTalk ANN : https://bitcointalk.org/index.php?topic=5288431.msg55568001#msg55568001
Twitter : https://twitter.com/Anonyme_Finance
Github : https://github.com/anonyme-labs
Discord : https://discord.com/invite/Df2p7w9
WRITER DETAILS,
BTT Username : Johnson Knight
BTT Profile URL : https://bitcointalk.org/index.php?action=profile;u=2326370;sa=summary
Wallet Address : 0x56D391aD6C5Fe4b4faee3FCF9C7D32D9BD2feeCA
Telegram username : @crimson_osito
This project is interesting and the features are quite relevant. Thanks for sharing.
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