DeFi is an up-and-coming technology within the crypto space. In short, it grants control over financial services to the masses, as opposed to the typical central financial institution. One of many organizations, Earnity, co-founded by Dan Schatt and Domenic Carosa, has implemented strategies to leverage the numerous benefits of DeFi as part of its business strategy.
Businesses and investors alike love that decentralized finance ensures faster, more secure execution of every transaction. Companies reliant on DeFi are often generating stable yields of up to 8%. DeFi also allows emerging organizations to quickly borrow & lend avoiding the red tape of antiquated financial institutions to better meet their immediate budgetary needs.
Small business startups are leveraging their higher returns to avoid seeking loans. This will help them eschew their need for fiat money while transitioning to today’s increasingly digital market. Seeing that Blockchain is the future of finance, investing in cryptocurrency at an earlier stage will put these organizations a step ahead of their competition.
DeFi also helps to secure an organization’s financial investment in the enigmatic Blockchain. These Blockchains are secure, requiring a pair of complex and unique digital access keys for the processing of transactions.
Automated processes go a long way in the effort to eliminate human error. With the removal of endless paperwork, the systemization will allow users to experience more instantaneous transaction turnaround time. The Earnity platform offers a fast, user-friendly digital wallet registration process.
The immutable nature of the blockchain ledger lends to its increased reliability over historically troublesome centralized financial institutions. In developing Earnity, Dan Schatt & Domenic Carosa focused heavily on providing future users with the knowledge that their DeFi investments were safe from the threat of cybercriminals.