You are viewing a single comment's thread from:

RE: The Future Of Finance: Decentralized

in LeoFinance3 years ago

What we need is to show people how they can get the key features of "banking" without the bank. Liquidity Pools can replace both checking accounts and savings accounts. Include staking, and they can replace Certificates of Deposit or bonds.

I don't know enough to explain how credit will be handled in a DeFi world, but people will want to know about that.

Posted Using LeoFinance Beta

Sort:  

Well actually we need to create our own bonds. They are probably the most useful item as collateral if we can establish enough liquidity.

As for credit, it will simply come from secured loans. If people are amassing crypto through the variety of means, then they can easily turn that into a loan.

Posted Using LeoFinance Beta