How can we help you?
We try to answer any question about our platform, blockchain and digital currencies in general, and articles up for discussion.
DiFi, in a nutshell, is all about allowing users to control their keys in order to control their funds, but with a twist. The funds they control are IOUs – tokens that represent the underlying assets – with the underlying funds safely distributed across one or multiple custodial wallets. This comes with multiple benefits:
👉 Users benefit from the convenience of others holding and securing their assets
👉 Users hold their private keys
👉 Users can confirm transactions on a blockchain
👉 Users can exchange assets peer-to-peer but with high liquidity
👉 Users can trust that other users are verified and hence legit