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Continious evolution in decentralized finance (DeFi) platforms gave rise to the fintech world that operates in the decentralized network. Historical evolution of defi started before 2018 & the transparency, fairness, equity of finance operating systems have improved in provding flash loans & easier financial transfers in multiple countries. FinTech project can become part of the DeFi community if it builds a service for or is based on blockchain, based on general standards and is compatible with other DeFi projects. Business freaks can make profits out of these by starting your own DeFi Based Business
Listed here are the advantages or Benefits of DeFi over the traditional financial system
Permissionless Open-source Decentralized No involvement of Central Entity High Liquidity Borderless Provides full control over funds Time-Saving Cost-Effective
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