Defiqa Takes DeFi to the Next Level

It’s time to say it. Our major problems are caused by the traditional banking system, which is getting worse by the day.

First, there is no representation of data and financial security. Second, transaction costs are insane, and bank transfers take plenty of time - especially when our family and friends need them the most.

Not to say how vulnerable individuals became, as the bank's workers obstructed their funds for no reason.

Unfortunately, that's what happens when a single party is controlling all of these activities. We can't tell for sure what funds we will have access to in the near future. This ambiguity and uncertainty is why people are looking for banking substitutes.

We have an extremely unsteady global economy. But happily, Defiqa represents the next step in the financial system with its completely decentralized banking structure.

What is Defiqa about?

Defiqa is a groundbreaking DeFi system that incorporates various financial strategic activities in Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term design – the foundation of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.

That alone divides financial activities and banks, enabling you to manage your own money, pay quicker, and have better cybersecurity. The whole Defiqa community operates the network, making all the users essential to the platform.

Besides, the platform does not ask you to create an account with your entire data profile. Whatever you do is encrypted. No one knows your name, location, etc. That is why your deposits are so secure.

What Defiqa offers?

Even though Defiqa is new to the business field, many people were astonished by its broad range of financial services, which extend crypto usability. Some of them are:

Lending markets

These are somewhat similar to banking loans, but they do not have third parties. Therefore lending is much smoother. The operations are done asap, and no one needs to verify them.

Yield Farming

It's time to take advantage of this lending option. Yield farming is one of the most exciting business models that leads to substantial passive profits.

It's an easy concept. You lend cryptocurrency to someone and ask for an interest. For yet another person, the debtor does the same, etc. And all this eventually leads to compound interest.

Non-fungible tokens

NFTs are cryptocurrencies that can be relocated, perfect for those looking for variety and wanting to switch from platform to platform.

Vaults

Vaults are the latest form of crypto wallet, and they are not connected to any computer system – giving your financial profile an extra safety layer. These are fantastic for long-term profits.

In conclusion

DeFi is on a roll these days, primarily through promising companies like Defiqa. This technology contributes to a much healthier lifestyle from an economic point of view.

Don't miss the opportunity and join the revolution. And if you want to start properly, check the DFI token’s ICO.

Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.