
What would a world without banks look like? The answer may lie in decentralized finance.
Decentralized finance is an emerging ecosystem of financial applications and protocols built on blockchain technology with programmable capabilities, such as ethereum and solana. The transactions get executed automatically through smart contracts on the blockchain, which includes the agreement of the deal.
“Anyone can actually build businesses on top of these protocols and using them the same way as we can today build an internet business on top of the HTTP IP protocol,” said Stani Kulechov, founder of a DeFi protocol called Aave.
Decentralized finance has captured only 5% of the crypto space, according to CoinGecko, but it has seen massive growth recently. There was $93 billion worth of DeFi assets in the crypto market as of June 2021, up from $4 billion just three years ago. To be sure, DeFi’s growth has slowed since the summer of 2020, and regulatory scrutiny from Capitol Hill has spiked over fears of crypto’s checkered past.
1:17- Chapter 1: The ABCs of DeFI
3:16- Chapter 2: The DeFi boom
5:45- Chapter 3: Why people are excited about DeFi
7:31- Chapter 4: What’s next?
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
#CNBC
Crypto’s Next Big Thing: Decentralized Finance Takes On Wall Street
Defi is not a huge risk, living without much common sense applied in your life! Lol will they ever get it right?
Could you please provide some information regarding your experience with crypto mutual funds such as these? https://youtu.be/VI-smwLxGKE
Seeing alot of success stories, he must be honest and trustworthy for people to talk this good about
I'm so happy for taking the bold step in investing a little start up capital with after a week I received my profits to my bank
after watching so many YouTube tutorial videos about trading I was still making losses until Harry started managing my investments now I make $10,567 weekly. God bless Prince he's been a blessing to my family
I'm glad to see Mr.Prince Harry mentioned here, my spouse recommended him to Me after investing $4000 and he has really helped us financially in times of COVID-19 lockdown here in Australia**
Wow, I've seen a lot of recommendation about Prince Harry, is he really that good.
Thanks for his info I'll get to him right away
HE'S ON TELEGRAM MESSENGER👆
@Prince_Harry8
Please how can reach out to Mr Prince Harry?urgently need his management on my INVESTMENTS!
<Honestly I believe because i have seen people around my neighborhood that actually gets 100K per month trading with a broker, thanks for the info dude am happy that I came across this Information. You are best keep the good work going, I will get in touch with Mr Prince Harry and begin my investment and trading journey with his platform…
Successful people don't become that way overnight, great career, the purpose-is the result of hard work and hustle oht. What most people see at a glance-wever time.
my life is totally changed because I've been earning $15,250 returns from my $4,000 investment with Prince Harry*
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today*
I'll forever be thankful to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs.Ivana Marich
daelworld without further
I want to buy some bitcoins.
Please when the price is 900. 00 let me know the receipt 🤣🤣🤣🤣🤣
Today's new gift to Victoria and the Central Bank
👆👆👆👆👆
God bless you in all you do Mr Tyler, I have no regrets contacting you some hours ago and I finally got my bitcoin alert of $345,600USD in my coinbase wallet!!!!
👆👆👆👆👆
God bless you in all you do Mr Tyler, I have no regrets contacting you some hours ago and I finally got my bitcoin alert of $345,600USD in my coinbase wallet!!!!
Friends
The 9th Anniversary Offer of AEX Wealth Management is here. Participate in the DeFi Machine Gun Pool/Regular Wealth Management and have a chance to win 1 BTC! Don't miss out it'll be fun
I have incurred so much losses trading on my own..I trade well on demo. But I think the real market is manipulated. Can anyone help me out or at least tell me what I'm doing wrong
Oh gosh , this system is about to get even more interesting. Highway robbery is about to get easier. 😓 First it was bank notes, then it was dollars, now it’s a device/scheme without any gun. And none of it it actually money.
It is clear BTC has proved it's use case during this uncertain times. We need more experts like Mr Ryan Donald, who educate people on the evolution of the market so
people avoid common mistakes. so they don’t walk out of the market feeling frustrated! Keep up the great work! Raised over 24.6 BTC when I started at 2.3 BTC in just few
weeks implementing Ryan Donald daily trading signals and tips.