Will DeFi Investment Ever Become Simple Enough for the Rest of Us?
- HyperDex ensures its users and even beginners are able to invest in DeFi.
- HyperDex uses a Cube system to group its investors.
- This passive cube system will help you get a return on investment without lifting a finger.
Decentralized Finance (DeFi), although a relatively new industry, has seen incredible growth in a relatively short amount of time. An industry that was valued at $700 million in December 2019 was worth $13 billion just one year later. With statistics like those, it’s fair to assume that DeFi isn’t going anywhere anytime soon.
But, while story after story of people getting rich from DeFi investments keep cropping up in the news, what exactly is DeFi, and how do people invest in it?
Within this article, we’ll be taking a look behind the curtain, explaining exactly what DeFi is, how to invest, common problems investors come across, and how the industry is turning to new tech startups to remediate its problems.
Let’s get right into it.
What Is DeFi?
DeFi is an emerging technology that uses the same ledgers as blockchain. Due to these, financial services don’t have to have a middle man, eliminating banks and giving power back to its users. Instead of holding money in a bank, your money will be in your DeFi wallet.
Anyone that has an internet connection can quickly and easily register on a DeFi platform, representing the democratization of finance for everyone. Instead of waiting…
