Decentralized Finance

Decentralized Finance, also known as Open Finance or “DeFi”, refers to traditional financial instruments that are recreated on a decentralized network. In technical terms, DeFi means a particular financial instrument that is composed of digital assets, protocols, and decentralized applications built on a blockchain network with smart contracts. For the time being, most DeFi products are platforms utilized for digital asset savings, loans, and payments.

Use Case

DeFiner | P2P Digital Asset Marketplace

DeFiner is a peer to peer network for digital asset savings, loans, and payments. Currently, DeFiner offers a decentralized, non-custodial lending marketplace to securely borrow and lend digital assets through smart contracts on the blockchain.

 

DeFiner’s decentralized platform is powered by audited smart contracts developed by Nakamoto & Turing Labs’ professional team for full security, automation, and transparency.

No Custodial Risks

Security

Efficiency

Features

Audited Smart Contracts

DeFiner Protocol is developed with security as a priority, having been audited by multiple auditors. The carefully crafted design will effectively avoid the single point of failure problem, improve the reliability and accessibility of the network and significantly increase the difficulty of cyber-attacks.

Autonomous Lending Agreements

The DeFiner protocol is implemented as a set of smart contracts on top of the Ethereum blockchain. Loan contracts on the DeFiner platform are automatically created and executed.

The DeFiner platform will not be a custodian for users, their assets will be stored on the blockchain within a smart contract. This means no one has the authority to touch those assets until certain pre-agreed conditions are met. 

 

Smart Contract-Based Governance System

The DeFiner token holders can perform the governance role automatically through a smart contract-based voting mechanism.

 

Commonly AskedWhat problems can DeFi solve?

  1. Inefficiency: Centralized financial systems are high-volume and involve a lot of manual processing which leads to a huge amount of friction and cost.

  2. Fraud and other financial crimes: Centralized financial systems are vulnerable to technical failures and cyber-attacks.

Commonly Asked | How can DeFi solve these problems?

The decentralized, non-tampering and data-encrypted characteristics of blockchain can largely increase the security and audibility of a Defi product.

 

The key to solving these problems, however, is smart contracts. A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. It’s a set of instructions to be automatically executed on a blockchain network.

Commonly Asked Advantages of smart contracts

Efficiency

Automatically authenticate counterparty identities, ownership of assets and claims of right

Access or refer to outside info such as commodity prices, weather dates, interest rates, etc. to determine actions and/or contractual outcomes

Automate execution processes based on the given information

Take actions (disperse payment) without requiring further action by its counterparts

Security

Every transaction completed via a smart contract is encrypted and stored on an immutable distributed ledger.

Every user has a unique digital signature, a private cryptographic key held by each party, to verify participation and consent to agreed-upon terms.