Exeno

Decentralized finance (DeFi) has gained popularity recently due to its ability to eliminate intermediaries from financial processes, reduce fees, and enable greater accessibility and inclusivity. According to <a href="https://www.grandviewresearch.com/industry-analysis/decentralized-finance-market-report" rel="noopener noreferrer nofollow">GrandViewResearch</a>, the global DeFi market size was USD 13.61 billion in 2022 and is forecasted to grow at a 46.0% CAGR (compound annual growth rate) from 2023 to 2030.What is decentralized finance?Let us first explain the decentralized finance concept for those of you who need to become more familiar with the topic. DeFi is a financial system on a decentralized blockchain network that allows users to access financial services without intermediaries like banks or brokers. Transactions are conducted using cryptocurrency, including the cryptocurrencies pegged to FIAT, and the system is transparent, secure, and resilient. DeFi users can take advantage of saving thanks to staking, quick asset exchange thanks to decentralized swap, take a loan and many other financial services that come with reduced fees, at great accessibility, particularly for the underbanked (but not only!).According to the predictions, decentralized finance will benefit from rapid growth, and it is visible already - there are more than four thousand DeFi protocols, and new ones are added daily. The DeFi future seems bright, but is it really that rosy?Not exactly.According to different reports* and exeno&#39;s own observations, the three main consumer-centric issues of DeFi can slow down its development. These are complexity, lack of trust, and security.Complexity is a significant barrier for many customers using DeFi, as the technology and processes are unfamiliar and intimidating for the average consumer. Lack of trust is also a barrier, as users are not always sure if the platform is secure and reliable. Finally, security is a major concern for users, as DeFi protocols are highly susceptible to malicious attacks and other forms of fraud. To address these issues, DeFi platforms must strive to provide user-friendly interfaces, build trust with the clients, and prioritize security measures to ensure the safety of their users&#39; funds.And this is where <a href="https://exeno.finance/" rel="noopener noreferrer nofollow">exeno finance</a> comes in.Exeno leverages the power of web3 commerce, decentralized finance, crypto, and NFTs to create a simple, intuitive platform that makes it easy for anyone to use their digital assets, whether a seasoned crypto expert or a beginner.Let&#39;s unpack the barriers one by one…Fighting complexity. Exeno finance works on an insight-based framework designed to make crypto usage as easy as managing FIAT assets. This framework will prioritize user control over their assets, data, and transactions, making it simple for crypto-savvy users and industry newcomers. This is a major differentiator in an industry where user experience is still a pain point, with the need for more intuitive and welcoming interfaces and simplified processes. Another angle of the user experience is the lack of technology allowing different protocols on different blockchains &#34;speak&#34; to each other. This forces users to either use many different protocols or make complex and non-value-adding transactions between the blockchains to get the desired results. Working on Ethereum, Polygon and BSC, exeno plans to add more blockchains to its scope and embrace the blockchain-agnostic model. Multichain capabilities allow users to send and receive digital assets securely and verifiably across multiple blockchains. This technology allows users to take advantage of different blockchains and networks, allowing for greater scalability and flexibility. We&#39;re in!Building trust. Exeno&#39;s in-house developed, unique industry framework features innovative smart contract architecture, which allows any predefined business logic to be hosted in the cloud and collaborate with smart contracts. How does it translate to user benefits? Exeno maintains complete transparency, and the user can easily track what is happening to their funds. At the same time, we know that nothing is more irritating than long-waiting time for your transaction on the blockchain. The smart contract to cloud model offers the fast processing speeds of centralized products. With bridge times as low as under one minute* (* based on the fastest time recorded and also assumes a proprietary bridge), exeno finance is an industry leader in smart contract efficiency. Less waiting time, faster results, and higher trust - all built to provide better value for the consumers.Security at heart. The internal architecture described above allows exeno to increase its levels of security organically. We are undergoing rigorous audits and tests to ensure exeno meets the latest industry safety standards. Knowing how vital driver security is, we are continually striving to develop even more secure solutions for our users, ensuring the highest levels of security for our blockchain-based finance platform.As we hope you already see, exeno finance is paving the way to &#39;make it right&#39; within the decentralized finance industry. The solutions brought by <a href="https://exeno.com/" rel="noopener noreferrer nofollow">exeno family</a> also support end-to-end web3 commerce, making our platform a complementary ecosystem for the full crypto and web3 immersions, supporting those still in web2 with easy, scalable and flexible solutions.Psss….did we say we like going above and beyond?Yeah, correct. Using platforms&#39; <a href="https://coinmarketcap.com/pl/currencies/exeno-coin/" rel="noopener noreferrer nofollow">native coin (EXN)</a>, users can unlock additional gains that enhance their passive income potential, including increased <a href="https://learn.exeno.finance/en_US/what-is-apr-and-how-much-can-i-make-on-staking" rel="noopener noreferrer nofollow">APRs</a> or reduced fees. With exeno&#39;s DeFi products and their native coin, users can optimize their investment strategies and earn even more from their crypto holdings.In summary, exeno&#39;s technological prowess, insight-based framework, and benefits for users looking to earn passive income provide their users with faster processing speeds, complete transparency, and a user-friendly experience for managing their assets. The competitive advantages set exeno apart from other solutions in the market, making exeno&#39;s ecosystem a compelling option for those looking to start or optimize their crypto experience.*Decentralized Finance: Use cases, challenges and opportunities. <a href="https://www.iif.com/portals/0/Files/content/DeFi%20Report%2011132022.pdf" rel="noopener noreferrer nofollow">https://www.iif.com/portals/0/Files/content/DeFi%20Report%2011132022.pdf</a>

How exeno finance is #redefining DeFi

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Alte articole publicate pe 13 mar. 2023

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