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DeFi is one the Most Underrated Sector when it comes to Crypto .While Many Users Aims to be a part of it, many are Still on the verge of Trying DeFi and getting adapted to it.
The Popularity of DeFI Sector Came in the bull run of 2021 where people were made aware of the way Decentralised Finance Works and how it is far more better than the traditional Finance.
While everything has a good side and a bad side DeFi also has its Advantages and Disadvantages.
But as we see the Current scenario where the user ratio in DeFI out of Total Crypto users is still 1% Meaning the current number of crypto users are 300m and the number of DeFi users are 3m .
Seeing this scenario we can understand that mass adoption was there due to the huge potential DeFi holds but the pullback that led to the stable rate in growth is the one to be explored.
Yet if we see it was the first time users experienced Lending & Borrowing , Staking ,Farming on their Crypto’s and loved those juicy APY’s and the most good part was users were the owner and judge of their assets and no one was there as a central entity to judge or take percentage over their investments.
People finally got a new way to invest their money and good interest just rather than being in traditional Finance.
But Due to the Complexities and a huge learning curve for new users . User Onboarding on DeFi Became a slow process and this was the time Centralised exchanges like Binance and Coinbase Took Over the Situation .
We at Plena Finance aim to provide our users with that self control over their assets again while enjoying a user friendly and easy interface that they experience while using a Centralised Exchange.
We hope that with Plena Finance we will be Finally making the mass Adoption of DeFi a hassle free process.
Users would be more happy to take control and deciding what’s better for their funds and without anyone keeping track of it!
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