Motiur is a freelance writer and digital marketing specialist based in Stockholm, Sweden. He started his career as an SEO expert back in 2011 and found his interest in the crypto and blockchain space later in 2016. Since then, he has worked with several fintech companies as an author and meanwhile assisted them in promoting their business.
Decentralized Finance has been gaining traction for the last few years, and for a good reason. It gives financial access to people who would not get the benefits of the central banking system. With decentralized finance, anyone can borrow and lend in crypto without needing the requirements that come with the legacy banking system such as KYC. As DeFi grows in acceptance, the number of protocols serving the space has grown with platforms like MakerDAO now becoming more visible in crypto space. One of the platforms that have taken the DeFi space by storm is Aave (LEND).
In this article, we will take you through what DeFi is, its advantages, risks, and challenges while highlighting some of the top DeFi projects to look out for soon. But first, how does DeFi differentiate itself from existing FinTech solutions?
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