![]() An example is the most recent scandal with the Squid cryptocurrency that led to the loss of over five million dollars of investors’ money after the founders ran off with the funds and closed the project. The DeFi sector is known to have been subject to numerous hacker attacks and plenty of fraud on the part of projects has been taking place. But when it comes to the decentralized environment, the situation becomes a bit trickier, since the amount of fraud in both the DeFi and the cryptocurrency markets is rampant. In the traditional financial world, such data is provided by indices, such as the S&P, the Dow Jones and others that specialize in analyzing the financial and other related metrics of companies. This is called technical and fundamental analysis. When investors start looking for assets to buy for their portfolios as both long and short term additions, they must have access to a range of various metrics that would allow them to make adequate, weighted and informed decisions about the assets on offer. Considering the underlying blockchain layer that facilitates these operations, it is easy to imagine the amount of information being transmitted across various chains in the DeFi space. The services on offer on the DeFi market provide users with intermediary-free access to a wide range of facilities, such as lending, peer-to-peer interactions, transfers at low commissions, purchase and sale transactions, and much more. The Decentralized Finance market is one of the fastest growing industries in the world of financial technologies and blockchain-based solutions.
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