DeFi is an umbrella term for financial applications built on blockchain technologies.
Even though DeFi has not existed for time, it has been a major driving force behind the cryptocurrency revolution.
Because DeFi breaks all the barriers to financial access, it’s adoption is spreading like wildfire.
As more and more people are getting tired of the traditional Finance system, DeFi is poking holes in the banking system money bags and pouring billions into the cryptocurrency market.
At Firebird, we believe in the power of the blockchain to change the future and we’re here to serve you with efficient DeFi solutions.
We’d like to introduce you to DeFi and show you how Firebird is plugging efficiency, affordability and security into the crypto revolution.
DeFi: A short history
DeFi is known as the investment realm of cryptocurrencies.
It is popularly called Wall Street of the blockchain industry.
Vitalik Buterin and early members of the Ethereum community, were the first to make DeFi possible using a combination of decentralised ledger technology.
Vitalik and co created an ecosystem of dApps that automated pesky processes which you would love to avoid. Eg long queues, signing papers and getting permissions etc
In 2013, DeFi was introduced with a white paper called, “A Next Generation Smart Contract and Decentralised Application Platform”.
This enabled people to do much more with it than just making peer-to-peer financial transactions as they did with Bitcoin.
Since 2013, DeFi has grown from strength to strength. Its total value, locked, has risen from $1 billion in June 2020 to over $79 billion in 2021.
How does DeFi work ?
dApps are keys to unlocking the benefits of DeFi. Like normal applications, they serve as a bridge between people and organisations that interact with each other to carry out specific processes. Users in DeFi ecosystems execute different financial processes without the need for traditional financial institutions.
Why Firebird Finance?
Firebird is a one-stop DeFi platform that aims to revolutionize DeFi services by meeting all your DeFi needs in one platform.
While there are different applications of DeFi, navigating through several platforms to get the best ROI can be tough on DeFi enthusiast’s.
At Firebird we do DeFi with a difference by providing you with a suite of high-performing products that are designed to bring innovation, security, and high yields to users.
Currently, Firebird is built on two blockchains namely Polygon and BSC.
This cross chain relationship allows all our users to access all the benefits of each chain while enjoying premium services on Firebird.
We welcome you to start your DeFi journey with us.
This is Firebird.
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