Decentralised Finance (DeFi)
Commonly referred to as DeFi, the decentralized finance solution is based on blockchain technology. Owing to that, it is secure and allows seamless transactions to happen in the open source without the necessity of intermediaries, unlike the traditional services (the third party being, for example, brokerage). To put it in the simplest terms, this procedure does not require a central authority to keep all of the transactions safe. Its invention was a big break-through in the world of economics, as it gives everyone around the world unlimited access and opportunity to engage in transactions and benefit from various services offered on these platforms. Moreover, they are much easier to use, since they require very little technological infrastructure, as compared to traditional online stock exchanges.
A defined ecosystem based on financial applications (called dapps, due to their decentralized nature) is created on the blockchain (distributed digital ledgers). The activities that users undertake on DeFi platforms vary from trading cryptocurrencies, earning passive income via a staking service, to speculating on price movements of assets, just like on a traditional exchange.
Decentralised Exchange (DEX)
When it comes to listing benefits and unique functionalities of decentralised finances, one cannot fail to mention the providing monetary services, such as issuance of stablecoin. Its most basic, and yet, crucial strong points are the enhancement of transactions’ security and the reduction of the overall costs. The implementation of smart contracts ameliorates the process and hence, it is much less complex than in the conventional finance management. Increased transparency is guaranteed by blockchain. The benefit that a lot of DeFi enthusiasts find crucial is that they are in full control of their capital without the third party involved in any way - this enhances the sense of security among the clients.
Moreover, the high-interest rates provided by decentralized applications, are sometimes reaching as high as triple-digits interest rates. It is worth remembering, though, that despite all of the benefits, this kind of activity is considered a high-risk. It is advised to do your own research before jumping into the world of DeFi.
Tecra also takes part in re-shaping the financial world. We have received the Smart Growth grant from European Union for the research on blockchain technology, and further for development and implementation of a decentralized exchange platform.
Our scientists hope for the final outcome of the research to be an effective and accessible decentralized platform for the exchange of digital assets (such as patents and other intellectual property rights) by the use of token economy.
The project is currently in the works and will be compatible with the rest of Tecra’s original ecosystem. It is believed that the service of selling token projects from Tecra Space will be available. The total value of this project is estimated to be around $4 million.
Stay tuned for more information on this revolutionary idea! If you want to learn more about our project, don’t hesitate to message us at [email protected] or watch this video: