DeFi 1.0:
Decentralized finance, or DeFi, is a mechanism for making financial goods available on a decentralized blockchain network that is open to the public. As a result, instead of going via intermediaries like banks or brokerages, anyone can utilize them. Unlike a bank or brokerage account, DeFi does not require a private and state ID, Social Security number, or proof of residence.
The use of blockchain technology is becoming more frequent as worldwide popularity grows. At the same time, the promotion of blockchain technology has boosted the use of DeFi. DeFi is presently at version 1.0 and has some restrictions.
Brings solutions to the problems of Defi 1.0
Some of the problems facing Defi 1.0 are:
Loan problems
Users do not participate in community governance
lack of governance
But, Keplerswap looks to solve all this issues by providing the Defi 2.0. The goal of DeFi 2.0 is to link all community members who can provide liquidity. It does this by using liquidity rewards as an entry point and then tying the rewards to future user transactions. Its goal is to provide a standardized user interface as well as a long-term, decentralized financial foundation.
Keplers Defi 2.0 Advantages:
strong link between members in the ecosystem
Delegation of the governance right and decision-making power to community members as soon as possible.
Flash loan lending
low transaction fee
Conclusion
DeFi 2.0 will be a significant upgrade over DeFi 1.0. It will move the focus from only harvesting mining benefits to developing a sustainable platform for long-term liquidity contribution by encouraging user interaction. This is what DeFi 2.0 will look like in the future.
Useful link
PROOF OF Authenticity
https://medium.com/@emmanuelgeorge1997/the-future-of-defi-is-2-0-6963f98ec04
Name of Writer : GEORGE EMMANUEL
Posted Using LeoFinance Beta
Actually, are you saying that in DEFI 2, community participation will be more incenvised because I don't see a clear explaination given about it atall.
Anyway have a good day.
hello @mintymile , yes i am saying that in Defi 2.0 community participation would encourage people to do more. @keplerswap has a feature called space function through which Space users can join force their resources to achieve a true decentralized governance.
Posted Using LeoFinance Beta