Developments in Decentralized Finance – De-Fi
For the last month, we have seen our ordinary markets become less and less efficient. Transferring the rights of equities, should not take longer than a second, or worse two days!
When Robinhood received their capital call, they were totally unprepared.
Failure to manage Risk should not be an excuse. Robinhood proceeds to shot themselves with their own arrow by restricting transactions on GME, and AMC.
Luckily, Blockchain has the vaccine for this virus.
Security, transparency, and efficiency are the pillars of De-Fi and they are reimagining financial systems.
Recently, Decentralized Finance also known as De-Fi saw an exponential increase in market capitalization. This movement was led by De-Fi decentralized exchanges such as Curve Finance, Balancer, Uniswap, and SushiSwap in response to the Robinhood fiasco.
The “Gamestop Bubble“, was the first domino to set a CHAIN of events with irreversible consequences. The second was the real value of Blockchain coming out to light. Without disagreement, no progress can be made. In other words, be thankful to Robinhood for what they have done for us, and start transitioning into the new “cool” way of doing things.
Innovative minds such as Elon Musk are wasting no time, reports CNN.
The Law of Inertia states;
“An object in motion stays in motion with the same speed and in the same direction unless acted upon by an unbalanced force.”
– Isaac Newton