#Vaulta Web3 Bank is an innovative financial model based on blockchain and decentralized technology, which is completely different from traditional banks. It relies on DeFi (Decentralized Finance) to provide services such as deposits, loans, and transactions through smart contracts, allowing users to fully control their assets through cryptocurrency wallets without intermediaries. This model has advantages such as being borderless, low-cost, and highly transparent, and can introduce new products like yield farming. However, Web3 banks face challenges such as unclear regulations, smart contract vulnerabilities, high technical barriers, and market volatility. Currently, projects like Aave and Compound are taking shape, showcasing their potential, but there are still many obstacles to overcome for widespread adoption. We look forward to the combination of EOS and Web3 banks, and we will be watching closely.
