0/ #DeFi, the big buzzword of the last few months within the cryptospace, but what is it and why can we call $WAN 'the godfather' of #DeFi? Be sure to read on and find out why #Wanchain can and will make a difference within #DeFi!
1/ #DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries. But what are the most popular types of #DeFi applications (or #dapps) at the moment?
2/ Decentralized exchanges: DEXs are a type of exchange that connects users directly, cutting out the middleman. We have @Wanswap, a decentralized exchange with automated market-making (AMM), check it out at http://wanswap.finance !
Chat here: https://t.me/wanswap_official
Chat here: https://t.me/wanswap_official
3/ Yield farming, also referred to as liquidity mining, allows you to generate rewards with cryptocurrency holdings. Put simply, it means providing liquidity and getting rewarded for it. Liquidity mining and yield farming are both possible on @Wanswap! And #WANfarm is on the way!
4/ Lending platforms: These platforms use smart contracts to replace intermediaries such as banks that manage lending in the middle. We have recently launched #Wanlend, check it out at http://wanlend.finance
5/ "Wrapped" Bitcoin: Wrapped BTC is an ERC-20 token with a 1:1 peg to Bitcoin, meaning that users can seamlessly convert their BTC to a wrapped version and use them on the Ethereum blockchain. At #Wanchain, we have wanBTC, wanETH, wanEOS, wanUSDT, and many more on the way!