Cryptoforfuture

  Overview: Defi is a term given to financial services that have no central authority or someone in charge. Using decentralized money like certain cryptocurrencies that can be programmed for automated activities, we can build exchanges, lending services, insurance companies, and other organizations that don't have an owner and control by anyone. These Decentralized finance systems use protocols, cryptocurrencies, and smart contracts to build the application (dapps) on Ethereum and Binance smart chain which are open to all. The traditional finance system is centralized, opaque, and dependent on few entities of the system while the purpose of Defi is to create a financial ecosystem that is opposite to centralized finance in terms of open source, permissionless, transparent, and without any central authority. In Defi, users can control their own assets and manage them for high returns interacting with Dapps. What Is Yield Farming in Decentralized Finance Yield farming is a way to make