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A new wave of alternatives is coming from the decentralized finance DeFi industry , however. Decentralized applications utilize smart contracts for interest-bearing payments to significantly increase transparency. From borrowing and lending protocols, to insurance, to asset management, audit-able smart contracts allow investors to view and track their funds on-chain while harvesting superior returns.

This creates a decentralized and automated borrowing and lending platform, without any middle-men, custodians, or their fees. HARD gives investors a way to generate cash flow from their Bitcoin holdings, without tokenizing their Bitcoin first.

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Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news. In July BBC reported bitcoin consumes about 7 gigawatts, 0. While coronavirus ruled the markets in , it seems that the meme virus is in charge this year. History Economics Legal status. Archived from the original on 14 January

Although the rate is not guaranteed, the trend is clear - returns on decentralized platforms are significantly outperforming those on centralized ones for Bitcoin. As more prominent investors continue to engage in the DeFi space, the promise to participate in a better financial system is all too tempting.

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DeFi-based yield protocols, however, are still in nascent stages, despite their great promise to bring significant efficiencies to fixed income products. Investors should proceed with caution when engaging in these new technologies and continue to do their own research. If you stumble upon my articles, you will notice that I write about money, economics and technology. Vitrified Tiles.

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I feel like I got tricked as well Home News Altcoin News. By Linas Kmieliauskas. Source: Dogecoin Memes While coronavirus ruled the markets in , it seems that the meme virus is in charge this year.