People want to make money. It is the driving force behind most activities and the measure of success. As a result, people interested in their careers make choices that lead to higher incomes. Likewise, companies desire growth and development, and a higher profit will offer that freedom. Economies of the world are driven by money, but the systems that govern the financial system have been facing a significant shift since the birth of decentralized finance.
An Introduction to the World of Decentralized Finance
People are used to the traditional financial system, where most of the transactions they make are handled by intermediaries. Financial institutions such as banks, brokerages, exchanges, and many others rule this system, but new opportunities have been created. For example, instead of relying on traditional solutions, people can now look to the future with decentralized finance or DeFi, which uses new financial instruments such as smart contracts on a blockchain.
Smart contracts are transaction protocols or computer programs intended to execute, control, and document events or actions automatically according to the terms of an agreement or contract. The main objectives are reducing the need for intermediaries, arbitration costs, and fraud losses. These are usually associated with cryptocurrencies, the fundamental block of decentralized finance.
A blockchain is mainly a distributed ledger technology or DLT. It consists of growing lists of records, also known as blocks, linked together. Each new block has a cryptographic part of the previous block, a timestamp, and transaction data. They form a chain structure through this system, with each new block linked to the other, hence the name blockchain.
The Goals of Cryptocurrency and Decentralized Finance
The creation of cryptocurrency and blockchain technology has led to many breakthroughs. The main goal would be to eliminate the centralized system that generates many costs and issues while offering freedom and transparency. There are many new developments daily in the crypto world, and people should take the time to learn more about this new digital universe.
As it was pointed out, people want to make money, and they search for new options all the time. Cryptocurrencies offer them a solution because they can buy these digital assets and try to put them to good use. However, since it is a relatively new territory and many users do not take the time to learn more about it before investing, many have lost because they did not understand how things work.
People can use intuition to speculate different price movements and trade cryptocurrencies accordingly. Moreover, they can lend or borrow from other users while earning interest. On top of that, they can enter smart contracts similar to savings accounts and earn interest. Finally, they can insure against risks and earn premiums.
DYPIUS and Its Solutions for Passive Yields
Active income relies on user involvement, speculation, and intuition. It can lead to incredible rewards, but it takes up a lot of time, a resource many cannot spare. That is why they want to find other options that can lead to a profit while still being an active investor in cryptocurrency. There are a few options they can use to achieve this goal.
DYPIUS is a platform that has created a unique universe where decentralized finance is backed by reliable anti-manipulation features meant to protect its users. As a result, our new platform is a next-gen instrument people can use when they want to become active investors while honing their skills in the digital universe, or they can allow their assets to generate passive yields.
DYPIUS tools have been significantly improved, making the exploration more straightforward for our users to find the safest pools to place their assets. In addition, they have an easier choice in front of them due to the details we offer about each pool. For example, the TVL represents the total value locked of the assets in the pool. The APY represents the annual percentage yield, meaning how much users will get for what they invest. Finally, the confidence level shows how much our users trust that pool, and it is only based on votes from DYPIUS users to avoid outside influence.
Passive yields or yield farming are at the top of the list for users who join the crypto world. It works by depositing the assets into a large pool with many other users. The gathered funds are then used to carry out smart contracts such as lending, generating interest, or profit. However, it does imply a particular risk, so users must take the time to weigh their options before committing to a pool.
Our mission at DYPIUS is to offer some of the safest yields available in the crypto world. They are available in ETH, BNB, and AVAX, so users must focus on the cryptocurrency they have in their wallets. It is a new world full of possibilities and opportunities. Do not let this chance slip through your fingers!