Quote from: cutezap on Today at 01:57:43 PM

Quote from: cryptOOangel89 on Today at 01:43:15 PM

Hello guys, I came across this image which one of the #MBL admin was talking about #MBL entire team are having internal talk of #MBL defi.

Please what is Defi all about, and can this influence the value of the project, because I am holding #MBL token if defi can influence it growth please let me know so I can buy more of #MBL token and hold now why it's still cheap.

image https://i.ibb.co/N111HDX/photo-2020-08-10-09-32-14.jpg

According to Binance Academy,

DeFi stands for “decentralized finance” and refers to the ecosystem comprised of financial applications that are being developed on top of blockchain systems.

DeFi may be defined as the movement that promotes the use of decentralized networks and open source software to create multiple types of financial services and products. The idea is to develop and operate financial DApps on top of a transparent and trustless framework, such as permissionless blockchains and other peer-to-peer (P2P) protocols.

Currently, the three largest functions of DeFi are:

Creating monetary banking services (e.g., issuance of stablecoins)

Providing peer-to-peer or pooled lending and borrowing platforms

Enabling advanced financial instruments such as DEX, tokenization platforms, derivatives and predictions markets

Within those three fields, there are several types of DeFi services. A few other examples of products and use cases include funding protocols, software development tools, index construction, subscription payment protocols, and data analysis applications. DeFi dApps may also be used for KYC, AML, and other identity management services.

If #MBL are having internal talk about Defi, this is good thing as it may pump #MBL very hard.

Thanks very much.