An alternative financial system is emerging challenging the status quo of the traditional one in recent times. A Decentralized Finance (DeFi) development services company offers interoperable, secure, transparent, and automated financial solutions.
The variety of solutions rendered are
- Decentralized exchange development - As a substitute to centralized exchanges, users can utilize a decentralized exchange to remain in full control of their funds without the presence of any intermediaries and authorities.
- DeFi Yield Farming development - Yield farming helps users to earn more returns on their crypto assets by locking them in liquidity pools for a certain period. The returns will be paid out either in Annual Percentage Rate (APR) or Annual Percentage Yield (APY).
- DeFi Staking development - Staking provides a good source of passive income for the users in the form of rewards (interest rates) for holding their crypto and strengthening the network. The rewards can be obtained by claiming, delegating, and acting as a validator of the network. The returns depend on the current inflation rate, the network issuance rate, the total amount of assets staked on the platform, and the staking period.
As seen above, a Decentralized Finance (DeFi) development services company increased the value of your assets by optimizing the returns and minimizing the risks. This ensures a better user experience and improved access to basic financial services.