What is CeDeFi? and How Does it Works?
Despite the volatile market environment, cryptocurrency adoption has skyrocketed in recent years. This is largely due to the utility of blockchain technology extending beyond just conventional trading. The utility of digital assets has further increased as centralized and decentralized platforms have launched unique projects that provide income and staking opportunities. And now, CeDeFi is here to bring a major change.
Key takeaways:
CeDeFi is a combination of centralized finance and decentralized finance.
It bridges the gap between decentralized and centralized models by combining the former’s transparency and a high-yield prospect with the latter’s accessibility and comprehension.
The term “CeDeFi” was coined by Binance CEO Changpeng “CZ” Zhao when the Binance Smart chain was launched.
However, as Celsius and other popular platforms collapsed due to the bear market, while others increased their fees, the whole concept of centralized
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