DeFi Is Ringing In A New Era Of Abundance

in LeoFinance3 years ago (edited)

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Keep filling those bags.

Imagine the day when many of your tokens (assets) can be collateralized. This is something most people are not familiar with.

In this video I discuss how the only way most encouter collateral is with their homes. This is what is used to secure the debt. However, when we understand that collateralizing of assets can be a powerful way to grow wealth.

DeFi is going to offer a new model for most to use. For now, it is too hard to use since the industry is very "techie". With more innovation and buildout, we could see this change shortly.


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It makes me wonder if the unit of measure will still be the USD because crypto is quite volatile. I don't really think people enjoy having the underlying asset change value too much and they tend to prefer a more stable priced collateral.

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The DeFi space is gradually catching up with the traditional financial system and despite some of the obstacles which are certain while operating on the bleeding edge of innovation, the world of decentralized finance is on the path to prosperity.