Browsing: smart contracts

The transformative effects of DeFi on advancing financial inclusion, assisting African trade, and strengthening Africa’s economy match the technology with the global sustainability agenda and the UN Sustainable Development Goals.

  • As per Forbes estimates, the total locked value in DeFi protocols stands at nearly $43 billion.
  • DeFi denotes an entirely new financial rail separate from the banking system, capable of providing the same range of services as a bank, from savings, mortgages and loans to diverse contractual arrangements and asset trading.
  • DeFi helps to create cross-border value chains for consumer goods and food processing by connecting African traders, significantly reducing post-agricultural losses for perishable goods.

What is DeFi

Decentralised finance (DeFi) represents the newest catchphrase in the finance landscape. Global finance has exponentially grown over the past five years, boosted by the advancements in digital finance pandemic impacts. As per Forbes estimates, the total locked value in DeFi protocols stands …