THELOGICALINDIAN - The catechism of whether DeFi will booty over CeFi and DEXs alter CEXs keeps abiding in peoples minds abnormally back the amplitude has amorphous to acceleration so rapidly Yet artlessly celebratory how CEXs abnormally industryleading CEXs are responding to the acceleration of DeFi is a abundant advertence to the development of the industry as a accomplished For the concurrently boilerplate centralized exchanges arise to accept begin a development aisle that can accomplish a winwin bearings for DeFi and CEXs Lets booty a afterpiece look
CEXs Reduce Investor Risk in DeFi
Currently, the DeFi amplitude is mainly led by almost small-scale avant-garde companies that created achievements that could not be ignored. This acquired abounding speculators to flood the amplitude and some delinquency occurred, inflicting unnecessarily aerial risks on investors. Furthermore, because DeFi itself is still actual difficult to understand, it increases the complication for investors in allotment advance targets.
This is an breadth in which CEXs, with their accurate acquaintance in assessing the affection and constancy of projects, can assist. For example, if a able aggregation conducts a austere analysis of the project, this will decidedly abate the accident for investors, and abounding arch CEXs accept already amorphous to do so.
Take OKEx as an archetype of a centralized barter alive to embrace the DeFi movement. Beyond advertisement able DeFi projects for its users, the barter opened up a committed DeFi area on its belvedere area users can barter added than 50 accepted and DeFi tokens called by the OKEx team.
In addition, OKEx launched its own action alleged OKEx Earn, which allows users to acquire absorption on their crypto portfolios and has chip a array of DeFi projects to advice users participate in one-click crop agriculture or clamminess mining. There are several allowances to users back selecting this blazon of belvedere to participate in DeFi initiatives.
Through the screening of OKEx, for example, back users participate in DeFi projects, in accession to abundantly abbreviation the risks acquired by the affection of the project, they do not charge to buck the accretion gas fees of the Ethereum network. Moreover, they can cross through a accustomed interface and a safe environment, accommodating in DeFi and earning rewards through the aegis of a CEX.
Other DeFi Initiatives Offered by CEXs
In accession to allied with high-quality projects, abounding CEXs are additionally actively accretion their own decentralized banking businesses. OKEx has additionally developed a C2C Lending affairs that additionally provides a Savings function. If users are afraid to accumulation from affairs tokens, they can acquire absorption through borrowing or saving, application their own cryptocurrency as accessory to access peer-to-peer loans through trusted centralized transactions.
With the development of DeFi, the gap amid crypto accounts and acceptable accounts is rapidly closing, in agreement of infrastructure, account types, acquiescent income, and abundant more. For the aboriginal time in history, we accept the befalling to accommodate banking casework for anybody in a safe and defended way. This archetypal of CEX and DeFi cooperation will accompany a win-win bearings in costs all through cooperation rather than confrontation.
About the Author: Jay Hao is the CEO and Chief Customer Service Officer at OKEx, a arch crypto atom and derivatives trading platform.
