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how to defi

How To Defi

What is decentralized exchange (DEX) and what is the difference from сentralised exchange (CEX)?
Decentralized exchanges (DEX) have gained popularity as an alternative to traditional centralized exchanges (CEX) for cryptocurrency trading. In contrast to CEX, DEX platforms offer decentralization and transaction anonymity, making them an attractive choice for many users.
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How to install Metamask and start using them?
Metamask is a mobile wallet that allows users to access decentralized applications (dApps) and securely store their cryptocurrencies. The application can be installed on a mobile phone or used as a browser extension.
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What is tokenomics and what is it for?
The value of tokens is one of the main parameters that are taken into account when evaluating a cryptocurrency. This parameter is quite difficult to determine, especially if the digital coin has not been released yet, and the developers are only planning to launch the project.
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What is a governance token and how does it work?
Despite the fact that the main principle of DeFi is decentralization, the first Dapps also used a centralized management structure, which contradicted the basics of blockchain. To solve the problem, a DAO system with decentralized management was created.
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What is a self-paying loan?
While credit has long played an important role in traditional finance, the field of decentralized finance has only recently opened up the possibility of borrowing to its users. The main advantage of DeFi lending is the permission-free and transparent environment in which individuals can engage in obtaining funds without relying on intermediaries.
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What is an LP token?
LP tokens are a sought-after tool in the decentralized finance market. While most DeFi users are aware of liquidity pools, LP tokens are not often discussed. These crypto-assets can be used not only to withdraw deposited assets from a liquidity pool, but also for a variety of other tasks.
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How to install Trust Wallet and start using them?
Trust Wallet is a mobile wallet that also exists as an extension for Chrome browser and gateway for dApps. The platform is compatible with both iOS and Android and supports a wide range of cryptocurrencies. The wallet was acquired by Binance, the world's largest cryptocurrency exchange, in 2018.
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What is a DAO and what are its types?
Decentralized Autonomous Organizations (DAOs) are rightfully considered one of the trends in the world of digital assets. The transformation of the traditional financial system through blockchain technology has led to the possibility of creating autonomous organizations made up of individuals who may not know each other personally.
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Yield farming: what is it?
Yield farming is a popular term used in the DeFi space, which refers to the process of profiting from cryptocurrency ownership by actively participating in DeFi applications. The concept of profitability is based on the provision of liquidity, where users provide funds to the DeFi app by depositing their cryptocurrency assets into a smart contract, which is then used to lend or trade on the platform. In exchange for providing liquidity, users are rewarded with the platform's own tokens or other cryptocurrencies.
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What are stablecoins and how do it work?
In the world of cryptocurrencies, there are digital coins whose value is tied to a specific physical asset. The first such digital currency, USDT from Tether, appeared in 2015. It is pegged to the value of the US dollar at a ratio of 1:1.
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What is a smart contract and how does it work?
Digitalization helps to automate many processes and relieve people of routine work. One of the most important tools that allow you to move some of your tasks into the virtual space and monitor their implementation have become smart contracts.
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What is the difference between Bitcoin and Ethereum?
Traditionally, Bitcoin and Ethereum occupy the first two lines of the cryptocurrency ranking. Beginning investors and traders who are new to the sector may not fully understand the differences between the coins. However, they do exist, and there are quite a few of them. In this article, we will look at the key features of Bitcoin and Etherium, as well as the strengths of each cryptocurrency.
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What are liquidity pools on DEX and how does it work?
In order for trading and economic activity to take place on DeFi platforms, it must have a stock of assets. While in traditional finance, banks and centralized exchanges are responsible for accumulating assets, on decentralized exchanges, liquidity pools technology performs this task.
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What is a cryptocurrency wallet and why is it needed?
Just like you store your money in a wallet, you can store your digital assets in a cryptocurrency wallet. So what is a cryptocurrency wallet? What are they like and what type of crypto wallet is best for you?
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How to become a member of a DAO and make money from it?
As the name implies, a DAO is an organization that is managed autonomously and has no centralized control. It is based on blockchain technology, where network members make decisions together using voting and smart contracts.
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How does loan in Defi work and what types of loan exist?
Until recently, individuals wishing to borrow money could only do so through centralized financial institutions such as banks or accredited credit institutions. However, the traditional banking system is quite conservative and relies on the credit history of the customer to assess the creditworthiness of the user. Consequently, people without a credit history are often not able to get their first loan because they do not have the data the bank needs.
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What is DeFi and how is it different from classical finance?
Decentralized finance, or DeFi for short, is a general term for a group of financial instruments built on blockchain. The idea is to allow anyone with access to the internet to lend, borrow and bank without intermediaries.
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Blockchain basics: what blockchain is and how it works
Blockchain is a revolutionary technology that allows transactions to be secure, transparent and unchanging.
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