Today I will use comics to tell you what DeFi banks are 🏦
Traditional banks = Manager Huang 🐮 counts sugar, slow and stingy (inefficient, high cost).
DeFi banks = fully automatic sugar jars + pipelines (decentralized, no middlemen).
Source of interest = the more sugar you deposit, the more frequent transactions, and the more commission dividends (liquidity incentives).
Risk warning = the sugar jar may be smashed (vulnerability), don't store all the sugar in one jar!
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Summary for beginners
The essence of DeFi is that a group of people deposit "sugar" into automatic jars, distribute interest based on rules, and become bank bosses!
The secret of high returns: cut the wages and rent of tellers, and 💰 distribute them to sugar depositors.
High returns ≠ stable profits: sugar jars may leak, but it is safer to choose locked ones (audit projects) + split opening (diversified investment)!
This article is only for popular science and does not constitute any investment advice$BTC
