4 Reasons To Start DEFI Farming On Defiato Today—Cryptocurrencies have been a remarkable innovation and caused financial disruption all over the world. Its
growth and popularity over the past decade have sparked a demand for decentralized finance (DeFi). DeFi is
a financial application built on blockchain technologies, which provides people the ability to deal with money,
financial products and services without going through traditional financial institutions.
It is a more
transparent, efficient and accessible system compared to centralised alternatives like banks and other
traditional intermediaries. It is a system that can function on its own.
Imagine transferring money 24/7 with close to zero transaction fees and borrowing/lending without going
through centralised financial institutions, that is what DeFi can offer. It flips the system on its head, and
provides a financial experience controlled by you-the users.
DeFi is revolutionary. I deeply believe in its merits to better the financial system for all. However, due to its
decentralised nature, participating in DeFi directly often involves substantial technical barriers and financial
risks for mainstream users. And it is this need that led me to found DeFiato. I wanted to create an easy-to-
use, secure platform for anyone to participate easily in decentralised finance.
With DeFiato, users can choose to deposit fiat or cryptocurrency safely and gain access to hundreds of DeFi
services, without needing to navigate the complex and risky decentralised process of deposits, withdrawals,
swaps and bridges.
Here are 4 reasons why you should start farming on DeFiato today:
- Simplified Yield Farming
Yield farming is a popular way to gain interest returns on crypto assets. Yield farming, also known as liquidity
harvesting, involves lending cryptocurrency in exchange for interests and other rewards. It is similar to
depositing money in a bank where you are basically lending your money to the bank, and earning a meagre
interest in return.
DeFiato’s goal is to make DeFi farming a mainstream activity, removing technical barriers and making it easy
for anyone to actively participate in the DeFi world, whether you are a student, a marketer, a retailer, an
artist, a psychologist, an athlete, or just about anybody who is interested in investing.
- One-click Technology for a Fast-growing Industry
Cryptocurrency has grown into a billion-dollar industry and it is growing fast. In 2020, the global
cryptocurrency market size was USD 750 billion (Statista,2020). This year, despite the continuing threat of
the pandemic, it has grown to USD 2.7 trillion and is expected to reach USD 4.9 trillion by 2030.
Getting started in the fast-growing world of cryptocurrency and DeFi requires a platform that is easy to use,
and one that is much simpler than other decentralized platforms. This is because for first time users, the
technical terms and requirements might be too much to handle.
DeFiato solves this problem by offering a simple interface that is easier to use with its one-click-to-farm
technology. While some other platforms have high technical barriers and complicated interfaces that hinders
smooth transactions and hinders adoption, DeFiato is looking to simplify the process.
Instead of downloading multiple programs and going through on average 8-15 separate transactions to
farm, DeFiato performs these complex steps on behalf of the user. All the user needs to do to farm and un-
farm is to click one button. A progress bar will be displayed to show the process. All the transactions are
performed on- chain where users can clearly see and trace each step after it is done.
With this revolutionary one-click-to farm technology, it is easier than ever before to participate in farming.
And you should definitely take advantage of this innovation.
- Safe and Secure Platform for Your Funds
Every investment or asset class has the potential to go wrong, especially when you are handling and managing
your own funds. We realize that security is one of the top concerns for people who are entering DeFi to farm.
DeFiato’s custody solution is built from the ground up with best-in-class security to ensure the safety of
users’ funds. To reduce the financial risks posed by DeFi protocols provided on DeFiato, we go through a
stringent selection process. Currently, we only work with blue chip protocols that are audited by tier 1 firms
such as Certik and a minimum Total Value Locked (TVL) of US$100M. -
Presence of a Strong and Enthusiastic DeFi Community
As more and more people are entering the DeFi world, a democratized movement is formed where peer-to-
peer is the norm, and building a strong community will become a priority for any platform looking to exist
for a long time. It is important to be in the community of enthusiastic users who are leading the charge in
decentralised finance. DeFiato will be providing the base for users to connect, learn from each other’s
journeys, and maximize the opportunities in DeFi.
Since its platform launch in August 2021, DeFiato has onboarded more than 15,000 verified international
users on its platform. DeFiato aims to build a community of mainstream, everyday users, who can take
advantage of the opportunities available through farming in the DeFi world.
While decentralized finance may be an unfamiliar territory to most people, it is a field worth exploring when
looking for where to invest your funds. It is changing the financial world as we know it by challenging a
centralized system, disempowering middlemen and gatekeepers, and empowering ordinary people through
direct, peer-to-peer transactions.
DeFiato is poised to bring decentralized finance to more people around the world while keeping true to its
mission to eliminate technical barriers and make DeFi more accessible to mainstream users. And we will
always stay true to this goal.
