1 thought on “What does DIFI in the currency circle mean?”

  1. DIFI is a financial business that has a private key and a digital currency as its main body. DIFI is the abbreviation of Finance (decentralized finance) and is also called Open Finance. It actually refers to the use of a decentralized agreement to build an open financial system, which aims to allow anyone in the world to conduct financial activities anytime, anywhere.
    1. In the existing financial system, financial services are mainly controlled and adjusted by the central system. Whether it is the most basic access transfer, loan or derivative transactions. DIFI hopes to establish a set of point -to -point financial systems with transparency, accessible and inclusive through a distributed open source protocol to minimize the risk of trust and make participants easier and conveniently obtain financing. The concept of
    2.difi has gradually become hot again. DIFI has always been considered the area where blockchain is most likely to land. In the field of DIFI, there is a very hot star project, compound. Compound is a DIFI protocol based on Ethereum. The main business is similar to the bank's "mortgage borrowing". Users can mortgage their assets in the agreement to obtain annualized income. Essence
    3. The status of compound in the DIFI ecology is also lingering. After all, the DIFI projects are intertwined, while Compound is the basis of many DIFI products. Therefore, the "borrowing is mining" launched by Compound is also huge, and it may change the pattern of the entire DIFI market.
    4. According to the total amount of COMP, and at the price of ETH230, its overall market value (including unwanted tokens) reached 998,761,200 US dollars, ranking first in DIFI, exceeding MACER tokens MKR The market value (as of the time of writing the Blue Fox notes, MAKER's market value is 540, 726,781 US dollars.) Even according to the market value of circulating tokens, the number of tokens issued by Compound is 5,770,890, and its market value It also reached 576, 374, 102 US dollars, and also surpassed Maker to become the first DIFI market value.
    5. With compound, compound can have more cards to play. For example, under certain circumstances, especially in the early days, users borrow money on Compound not only do not spend money, but also make money. This means that users can not only use encrypted assets on Compound for free, but also make money. The secret of this _ is the existence of the com about. Due to the rise of the COMP price, the purpose of people's borrowing money is not because of money, but because they can earn comp.

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