Defi (Decentralised Finance)
Decentralized finance is a financial system primarily based on the blockchain framework, within which intermediaries such as banks are often missing. In most cases, users can access services in borrowing, lending, and trading, among other services, using smart contracts. Hence, the process of using the services is transparent and globally accessible.
Stablecoin
Stablecoin is the type of cryptocurrency that stabilizes its value and often gets pegged to a fiat currency, usually the United States dollar. Stablecoins are currently available in other DeFi schemes, which are used to minimize volatility concerning transactions and also enable lending and saving.
Decentralised Exchanges Development
What decentralized exchanges connotes is that you can develop a platform whereby users can exchange in these cryptocurrencies without intermediaries. Smart contracts are then used to enable peer-to-peer trading in a secure, private, and controlled way.
Social Fi
By simple words, it's a mix of social networking and decentralized finance that cuts across how a user can make either rewards or income from social interactions, content creation, and community engagement. It merges the concept of social media with the great potentials of blockchain in order to allow for remuneration within decentralized channels.
Game Fi
GameFi is an abbreviation for "Game Finance," a concept that blends game and DeFi. In GameFi, the earning has been made through the implementation of cryptocurrencies or NFTs by the players through gameplay. Thus, play-to-earn was devised to monetize gaming on-chain.
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