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Most news about decentralized finance in the blockchain world is about how this sector can help improve financial technology, add new features, and make things run more smoothly overall. But people often ignore how easy it is to use DeFi and what that might mean for the 1.7 billion adults around the world who don't have a bank account.

Simply put, most people in the world who don't have bank accounts can't get the paperwork they need to open one, thus, making them miss out on important investment opportunities, and inadvertently creating the more financial gap between the rich and the poor

## Decentralized Finance Accessibility for Common Users - Anyone Can be an Investor

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In a decentralized financial system, users can use the blockchain to get to any financial service. The most important difference is that traditional banks use centralized networks, while blockchain technology uses a decentralized network. Users of DeFi can open financial wallets that work like bank accounts.

The main difference between opening a DeFi wallet and opening a bank account is the paperwork. Anyone who has access to the internet can open a DeFi wallet in their own name right away. This makes the process of getting a bank-like service quick and easy. Even though most people who don't have bank accounts don't have the paperwork they need to open one, they can still make a DeFi wallet and start putting money in it right away.

Users of DeFi can use these digital wallets to run smart contracts that give them access to similar financial functions, such as the ability to send and receive payments. 

Given how easy it is to open a bank account on the DeFi network, this new system could help millions of people around the world who don't have bank accounts seek more profitable ways to invest their funds. What options are available for potential investors in DeFi. 

Before we explore the available options, it is important to note that due to the many ways to invest and the market's continued growth, DeFi is a good investment that could be very profitable. But there are risks, like with each and every investment, and people who want to invest should know about them. In particular, DeFi protocols that rely heavily on smart contracts have the potential to contain security and fraud weaknesses that could be used. This is in addition to the risk that comes with the impact of crypto volatility.

Here are some DeFi investment options that your bank cannot match:

#### DeFi Staking 

Staking is merely one more way to generate passive income using DeFi. In exchange for helping to maintain the operations of a blockchain system based on proof-of-stake (PoS), users can lock or hold their money in a cryptocurrency wallet and receive a fixed interest rate. Receiving a respectable interest rate on your investment is nothing to sneeze at in a world where interest rates are negative (especially if you planned to hold these digital assets anyway). As of January 2021, the total value of cryptocurrency assets staked on DeFi platforms was between $21 and $23 billion. The #Polygon yield optimizer (Kingdoms) allows individuals to stake tokens for cross-platform farming plus POLYCUB rewards. 

#### DeFi Yield Farming

Another way to increase your cryptocurrency holdings' passive income is through yield farming. By supplying liquidity in the form of digital assets to a decentralized exchange, yield farmers can support their living. This liquidity is used by the DEX to carry out orders placed by token swappers who have paid fees. Yield farmers receive a share of these fees in exchange for their contribution.  Several DeFi projects, are currently engaged in Yield Farming. One of the best currently is the #Polycub farms which offers up to 43% APR. 

#### DeFi Lending & Lending Protocols

Users can lend their cryptocurrency through DeFi Lending platforms and receive interest for the loan. Defi lending has advantages for both borrowers and lenders. Long-term investors can lend assets and earn higher interest rates thanks to the options for margin trading it provides. It also gives users access to fiat currency credit, allowing them to borrow loans at rates that are lower than DEX. Additionally, users have the option of lending it to a DEX after selling it on a centralized exchange for a cryptocurrency.

## Final Words 

While the above is not a financial advice. It is refreshing to note that there are a lot of routes one can go with their finance on Decentralized Finance platforms irrespective of your banking status (whether banked or unbanked). As usual, do your personal research before diving in. 



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