Dear DeFiners, DeFi or CeFi? In light of the recent market conditions, some may wonder which one is the best option for crypto users, traders and investors alike. This week's update explores some of the reasons why the community chooses DeFi over CeFi. After all, DeFiner is a DeFi lending protocol. Why do you use DeFi? Scroll down to keep learning! 💡
Here are the highlights of the week:- 🎟️DeFiner at NFT.NYC 2022
- 🤔Why DeFi Over CeFi?
- 🔥Earn Crypto with DeFiner
- 💼We're Hiring!
🎟️DeFiner at NFT.NYC 2022 |
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This past week, a few members of our Definer team attended NFT.NYC 2022. 😍 During the event, Jason Wu (CEO), Chyna Qu (COO), and Evan Solomon (BD Intern) had the opportunity to meet potential partners in preparation for the release our V2 product - the HODLer Market. In addition to the convention, our team went to various side events including parties hosted by Waves, Ripple, Polygon, and more! 🥳 The event was super beneficial to all our attendees. We are eagerly awaiting the release of the HODLer Market and have many exciting launch partners to announce soon. 🔥 |
🤔Why DeFi Over CeFi? |
DeFi vs CeFi is a hotly debated topic in today's market. In general, users are always looking for the best investment opportunities for their crypto assets. Both DeFi and CeFi enable individuals to lend, borrow, buy, sell, earn, and do more with their crypto. However, the way that DeFi and CeFi operate are fundamentally different. 🔀 DeFi stands for "Decentralized Finance," while CeFi means "Centralized Finance." In DeFi, financial transactions are automated and executed via smart contracts without the need of a middleman or financial institution. On the other hand, CeFi resembles more to a traditional financial service product, in which a centralized entity has custody over the users' crypto assets. 💱 We asked the community why they preferred DeFi over CeFi. This is what they had to say:
In summary, DeFi is an emerging but resilient technology that fosters ownership, accessibility, inclusion, transparency, and efficiency in the financial sector. What do you say? Why do you choose DeFi over CeFi? Join our community and leave your thoughts in the comments section below! 💬👇 |
🔥Earn Crypto with DeFiner |
On Ethereum Network: |
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On Polygon Network: |
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💼We're Hiring!
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Are you searching for an opportunity to work in the crypto industry? The DeFiner team is growing and you may have the right skills to help us take DeFiner to the next level. 🆙 Define your career with DeFiner. 🚀 Available positions:
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🤗 Join the community. Become a DeFiner. 🤗
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