Invest
Our First Experience In DeFi (or sorta)
By SG Financial Independent Dad  •  July 30, 2021
Some examples of Crypto.  Cryptocurrency got a lot of attention towards the end of 2020 and continue to gather news worthy headlines in 2021. In my opinion, crypto is like a financial blue cheese, you either like it or you don’t. I’m not questioning or examining the underlying asset and function it performs here. I have had my personal experiences with cryptocurrency and milked some gains in its last bull run. However, with all things technological, the crypto space has continued to evolve and we just dipped our toes into the DeFi space (or sorta). DeFi, or Decentralised Finance, attempts to utilise cryptocurrency/blockchain technology to recreate traditional financial and banking systems. As a result of the decentralisation, no central (d'uh) institutions are relied upon. The most common way this is done is through the Ethereum Blockchain. DeFi allows individuals to borrow or loan funds to others through the use of...
Read the full article
By SG Financial Independent Dad
Hi there! I am Ng! I am 28 this year and aim to build up my portfolio. My motivation as a young dad in Singapore is to provide a better life for my family while planning for retirement.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance