DeFi is known as the Decentralized Finance, also referred to as Open Finance. It actually refers to a decentralized agreement to build an open financial system, designed to allow anyone in the world to finance anywhere, anytime.
DeFi's overall user base has grown by more than 600% from 45,136 as of June 25 last year to 275,998 as of June 25 this year. If You call Internet + finance 1.5 of finance, then DeFi is really finance 2.0. As finance 2.0, an important feature of DeFi is the operation of intelligent contract technology to realize the complex business of traditional finance. Financial business no longer needs human intervention, which is the first time that human beings have eliminated the credit risk and operational risk in finance.
Simple Finance (SF), which we are talking about today, is a one-stop financial platform for decentralized architecture and governance. Its goal is to grow into an autonomous DeFi ecosystem for easy access to new financial opportunities in DeFi for users around the world. Simple Finance(SF) USES an innovative cross-chain application to simplify the user experience by "matching off-chain protocols with on-chain solutions," providing a trusted platform for lending, investing, managing money, and asset flows for digital assets, and better promoting financial inclusion and democratization for the cryptocurrency industry.
Currently, through DeFi, people can lend, trade, pay, futures, and so on. DeFi eliminates the credit risk and operational risk, reduce the financial cost by more than one order of magnitude, is a huge financial community change and progress, also accelerate the arrival of the era of digital economy prosperity, and Simple Finance (SF) is as a one-stop financial platform for distributed architecture and governance, more let user participation DeFi threshold of the new financial opportunities to reduce a lot of.
