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Introduction to DeFi
Welcome to DeFi! You won't regret having come
Decentralised Finance (DeFi) is a blockchain-based ecosystem that offers financial services in a decentralised manner—i.e. on a blockchain. The most basic of these services is currency arbitrage (trading) and loans.
In many ways, these financial services resemble traditional financial services one might get through a bank or a stock broker. However, because DeFi is decentralised, there are some important differences. Most prominently, a computer facilitates these services instead of an entity like a bank. Thus returns for providing liquidity—lending out your crypto assets to others at interest—are substantially higher than the abysmally low interest that traditional banks offer. Risk-averse participants in DeFi can make 12% or higher on their deposits, while risk-tolerant, experienced participants can make a staggering 60% or more on their money. (Believe it or not, these are conservative estimates.)
There are some disadvantages too, making the vast majority of DeFi products currently on the market unsuitable for the general public. Smart contracts, including those underpinning DeFi, are famously vulnerable to hacks. Broadly speaking, if you put your money into a DeFi protocol, there is no guarantee that you won’t lose it through some sort of hack or market failure.
Gro is changing this by offering the world’s first decentralised deposit protection. When you deposit funds into the PWRD token you can benefit from the high yields of crypto lending with substantially reduced risk. However, unlike putting money into a bank, you'll make mouth-watering yields on your deposits into the Gro protocol.
Last modified 9mo ago
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