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How is cow poo powering crypto mining?
DeFi, short for decentralised finance is an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared towards disrupting financial intermediaries.
So why trust DeFi?
– it democratises banking and finance by ensuring easy access to financial services for everyone.
– financial systems are more transparent, resilient and less fragile.
– the ecosystem can build trust and censorship-resistant products.
– users can interact on an ecosystem through peer-to-peer (P2P), decentralised applications (dapps).
– allows investors to borrow and lend their crypto assets at much higher rates than traditional banking and investments – ‘yield farming’.