The right to credit is a human right, said Professor Yunus, 2006 Nobel Peace Prize winner and President of Grameen Bank.
This is the core of the DeFi. Through block chain technology and smart contracts, it is possible to build a decentralized open financial protocols, so that everyone in the world can carry out financial activities anytime and anywhere.
Recently, a Defi project called Da Gama appeared in the cryptocurrency community where Bitcoin was born. They described the vision in the forum:
“Building an inclusive financial platform that everyone can participate in, regardless of nationality, region, race, social status or personal wealth”.
How to realize?
They plan to build a DeFi aggregation platform with multiple functions of Staking, lending markets, Dex, derivatives trading, wallets, synthetic asset issuance, decentralized forecasting, crowdfunding, insurance and so on. Interoperability and programmability based on block chain technology allow these product modalities to stack with each other like Lego blocks to create more innovative financial products and form strong synergies with each other. It also better interacts with other free-license open financial protocols.
According to their conception, achieving this vision requires four objectives, as shown in the figure:
Do you think it can be realized? Welcome to discuss together.
Martin Wilson has been following the crypto space since 2013. He is a passionate advocate for blockchain technology, and believes that it will have a profound impact on how people live their lives. In addition to being an avid blogger, Martin also enjoys writing about developments in the industry as well as providing useful guides to help those who are new to this exciting frontier of finance and technology.
