Kava Review: DeFi For Crypto & Cross Chain CDP Platform
Introduction
Finance. The world can’t function without it. Governments dedicate tons of resources to steady the ship whenever there is turbulence.
Amid the intervention, savers end up suffering. With the wave of easing from central bankers, savers are now earning less and less. In some instance, the reverse happens, savers pay bankers for safekeeping.
As bonkers as it may sound, that’s the reality on the ground. And it’s about to get worse as the global economy hangs by the thread. But, there is a light by the end of the tunnel. Blockchain’s latest innovation, decentralized finance, or simply DeFi, is a viable and timely option for investors.
DeFi aims to decentralize finance and that means token owners can bypass middle men and trust the code of smart contracts. Smart contracts operate from an immutable, community preserved blockchain and is autonomous.
DeFi is broad and encapsulates applications as exchanges and lending. However, it is the concept of loans and lending that has picked up in recent times especially in platforms as Ethereum and Cosmos.
Interest in DeFi saw the total locked value of ETH spike above the $1 billion mark, a milestone, in February.