#DeFiGetsGraded

Most people have heard the word decentralized finance at least once in their lifetime. If you are familiar with cryptocurrencies, you probably know what it stands for, which is all bout managing your crypto assets on your behalf. Unlike when you deposit money in a bank account, you have total control over your assets. Decentralized finance means that DeFi protocol creators have voted themselves out of power in order to give users control over the network. It's just like when you apply for a loan and you have little to no control, this is where DeFi comes in as it creates a people focused financial system with little room for corruption or mismanagement. Under DeFi system, every user has equal rights, and the system provides users with the freedom to control their funds and make transactions as they wish. There are some apps that enables you to lend other, earn passive income or even take out instant loans!!!