The usage of decentralized finance(defi) and the common interest it gives users

For centuries,centralized system of monetary policy was at play,this was done through the implementations of brokerages and banks,centralized system deals with the circulation of money is being controlled by some specific entity which can be banks or network providers.
In a centralized system there are quite some charges that are deducted from the customers for the services that is provided which includes credit card services and banks charges,through this short analysis,one can come to the conclusion that these aforementioned services are centralized driven,there are limitations to owners control over their money.

Source
DECENTRALIZED FINANCE(DEFI)
This is a type of system that deals with financial network which uses blockchain technology to execute it's operations,this platform gives users the privileged of exercising their operations with no form of interruption,users is granted full control over their activities,no charges whatsoever is required.
Transaction on the defi interface are been done through an application called the dApp,in this platform transaction are made through a pattern called peer to peer,there are some advantages that comes with getting involved in the system,participant can be have access to borrowing,trading with no interference,lending and so on.
Defi offers users the experience of total management of their financial transactions,it exterminate the centralized system and encourages a fair way of transaction.

SOME PROBLEMS DECENTRALIZED FINANCE ENCOUNTERS
It's quite obvious that defi is a great opportunity for users to gain full control of transactions and other operations but the dangers that comes with it shouldn't be overlooked.
1.Defi often deals with blockchain network technology which means its may be some times hard for users to navigate their way through the platform.

2.its deals with crypto currency which is volatile in nature,investment can be a loss or profit depending on the choice that was made.

3.there are high risk of scammers and fraudsters who interfere with the transaction and activities of the blockchain.

CONCLUSION
All being said,decentralized finance is a one way ticket for users to explore their will power to make the right decisions concerning their financial profitability.

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