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.
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.
Commonly Asked | What problems can DeFi solve?
Inefficiency: Centralized financial systems are high-volume and involve a lot of manual processing which leads to a huge amount of friction and cost.
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.