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📚📚WHAT IS DEFI 1.0?
🔎DeFi stands for ""decentralized finance,"" a type of finance that is regulated by the community supporting DeFi crypto initiatives rather than by central authority.
🌿There is no clear definition of 'DeFi 1.0,' however it typically refers to traditional DeFi protocols introduced in 2020 or earlier.
💧Instead of going to a centralized bank to acquire a loan, you would go to a dApp (a decentralized application, or simply - a DeFi project) that specializes in loans and borrow money from there. This money would be provided to you by the project's community, and you would be able to engage with the dApp anonymously. Everything would be regulated by smart contracts, which eliminates the possibility of human mistake or a single person's judgment.
☣️Liquidity pools are a critical component of DeFi that you should be aware with. A liquidity pool is a repository for all cryptocurrency tokens that may be exchanged and are offered by liquidity providers. A liquidity pool enables a project to attract additional liquidity providers, who will then put in two sorts of tokens: a project token and some sort of leverage, such as Ethereum or DAI.
🖼However, there is a major issue with DeFi 1.0 that has to be addressed by developers and investors, but we'll keep that for another time!
#PanCakeFi #DeFi #Ethereum #BSC #crypto
🔎DeFi stands for ""decentralized finance,"" a type of finance that is regulated by the community supporting DeFi crypto initiatives rather than by central authority.
🌿There is no clear definition of 'DeFi 1.0,' however it typically refers to traditional DeFi protocols introduced in 2020 or earlier.
💧Instead of going to a centralized bank to acquire a loan, you would go to a dApp (a decentralized application, or simply - a DeFi project) that specializes in loans and borrow money from there. This money would be provided to you by the project's community, and you would be able to engage with the dApp anonymously. Everything would be regulated by smart contracts, which eliminates the possibility of human mistake or a single person's judgment.
☣️Liquidity pools are a critical component of DeFi that you should be aware with. A liquidity pool is a repository for all cryptocurrency tokens that may be exchanged and are offered by liquidity providers. A liquidity pool enables a project to attract additional liquidity providers, who will then put in two sorts of tokens: a project token and some sort of leverage, such as Ethereum or DAI.
🖼However, there is a major issue with DeFi 1.0 that has to be addressed by developers and investors, but we'll keep that for another time!
#PanCakeFi #DeFi #Ethereum #BSC #crypto
🖼🖼DeFi 1.0 projects' only chance of keeping their investors over the long term is to strive to make a great and alluring project. Investors would then be encouraged to continue investing on the platform even after the first liquidity mining phase has ended.
☪️But as you can undoubtedly guess, coming up with an original and ground-breaking initiative isn't always simple. Traditional, DeFi 1.0 projects struggle to keep long-term investors, thus some crypto enthusiasts have come up with really creative and fascinating solutions to get around this problem entirely.
☣️This selection brings us to DeFi 2.0.
#PanCakeFi #DeFi #crypto #Blockchain #NFT #BSC
☪️But as you can undoubtedly guess, coming up with an original and ground-breaking initiative isn't always simple. Traditional, DeFi 1.0 projects struggle to keep long-term investors, thus some crypto enthusiasts have come up with really creative and fascinating solutions to get around this problem entirely.
☣️This selection brings us to DeFi 2.0.
#PanCakeFi #DeFi #crypto #Blockchain #NFT #BSC
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📒Liquidity pools are one of the main components of DeFi and the second important concept you should be aware with in this part. A liquidity pool is a location where all of the cryptocurrency tokens that are offered by liquidity providers, or the DeFi community, and are available for trading, are kept.
Using a liquidity pool, a project may draw in additional liquidity providers, or investors, who will then contribute two sorts of tokens: the project token and some form of leverage, like Ethereum or DAI.
📈Investors get passive income on the trading fees that these users pay when more users join the liquidity pool and trade these two tokens over time. As a result, both investors (who earn passive income) and traders (who don't need to identify a third party to execute the deal and may trade anonymously on the liquidity pool) are delighted.
🏖The traders don't really trade on the liquidity pools. Instead, the trading operations take place on Automated Market Makers (AMM), specialized platforms created to make use of liquidity pools to support such trading activities.
🎡To summarize, DeFi is a fully automated, decentralized financial ecosystem with no single owner, Automated Market Maker algorithms, and liquidity pools full of cryptocurrencies provided by liquidity providers (AKA investors and initial project owners).
#PanCakeFi #DeFi #Ethereum #BSC #crypto #DAI #NFT
Using a liquidity pool, a project may draw in additional liquidity providers, or investors, who will then contribute two sorts of tokens: the project token and some form of leverage, like Ethereum or DAI.
📈Investors get passive income on the trading fees that these users pay when more users join the liquidity pool and trade these two tokens over time. As a result, both investors (who earn passive income) and traders (who don't need to identify a third party to execute the deal and may trade anonymously on the liquidity pool) are delighted.
🏖The traders don't really trade on the liquidity pools. Instead, the trading operations take place on Automated Market Makers (AMM), specialized platforms created to make use of liquidity pools to support such trading activities.
🎡To summarize, DeFi is a fully automated, decentralized financial ecosystem with no single owner, Automated Market Maker algorithms, and liquidity pools full of cryptocurrencies provided by liquidity providers (AKA investors and initial project owners).
#PanCakeFi #DeFi #Ethereum #BSC #crypto #DAI #NFT
🕌The liquidity pool would theoretically never run out of products since every time a transaction occurs, customers send new products in exchange for old ones. Based on the supply and demand for items as well as the actual amounts of the goods in its own pool, the shop's pre-programmed trading procedures automatically update the pricing and exchange value ratio.
✈Teams on conventional DeFi projects frequently contribute a large amount of their native token to the liquidity pool in the hopes that this would draw in further investors. It frequently succeeds over time because investors join and add their own coins and tokens to the pool, and when they begin to receive passive returns, the pool gains popularity.
⛺But this is where the real problem arises: if a DeFi project depends on the liquidity pool money of investors to exist, it runs the danger of extreme token price fluctuation and overall unpredictability.
🥑Consider it this way: If you have no interest in a project and are simply investing to get liquidity (generate a passive income), you will likely switch to the better offer anytime you come across it (such as one that offers a greater yearly percentage return).
🥨The liquidity pool and the project it's linked to are under a lot of strain as a result of this. A significant liquidity provider reversal will thus cause a great deal of turbulence and cause the price of the project token to fluctuate significantly.
#PanCakeFi #DeFi #Ethereum #BSC #crypto #DAI #NFT
✈Teams on conventional DeFi projects frequently contribute a large amount of their native token to the liquidity pool in the hopes that this would draw in further investors. It frequently succeeds over time because investors join and add their own coins and tokens to the pool, and when they begin to receive passive returns, the pool gains popularity.
⛺But this is where the real problem arises: if a DeFi project depends on the liquidity pool money of investors to exist, it runs the danger of extreme token price fluctuation and overall unpredictability.
🥑Consider it this way: If you have no interest in a project and are simply investing to get liquidity (generate a passive income), you will likely switch to the better offer anytime you come across it (such as one that offers a greater yearly percentage return).
🥨The liquidity pool and the project it's linked to are under a lot of strain as a result of this. A significant liquidity provider reversal will thus cause a great deal of turbulence and cause the price of the project token to fluctuate significantly.
#PanCakeFi #DeFi #Ethereum #BSC #crypto #DAI #NFT
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