WHAT IS DEFI 2.0 AND WHAT DO YOU NEED THEM FOR?

✍️DeFi 2.0 is a collection of projects aimed at solving the problems of DeFi 1.0.

🎯DeFi protocols aim to popularize finance but face issues such as scalability, security, centralization, liquidity, and information availability.

At the moment, the uptrend in DeFi is DAO governance and decentralization.

EXAMPLES

🏊‍♂️Liquidity pools (LPs) have been extremely successful in DeFi by allowing liquidity providers to earn fees by staking different token pairs.

⚖️But if the ratio between token prices changes, liquidity providers risk losing money (non-permanent losses).

WHY DEFI?

✅DeFi 2.0 is aimed at lowering the entry barrier and creating new earning opportunities for cryptocurrency holders. Users who cannot borrow from a traditional bank can do so with DeFi!