Author:: Linda J. Xie Full Title:: A Beginner’s Guide to DeFi Tags:#media/article Link:: https://nakamoto.com/beginners-guide-to-defi/
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* highlights from 2021-04-12
* One issue with the decentralized lending and borrowing services mentioned thus far is that they require quite a lot of collateral. This overcollateralization requirement can be a highly inefficient use of capital -- and many people do not have the extra funds in the first place to provide as collateral.
* Decentralized identity and reputation services could offer something similar by including attributes such as social media reputation, history of repayment of previous loans, vouching from other reputable users, and the like
* highlights from 2021-04-12
* As DeFi matures, we should expect the libraries to start getting used outside the crypto community. Eventually you’ll be able to add one line of code to add a full decentralized marketplace to a video game, or another line of code to allow merchants in your e-commerce store to earn interest on their balance.