Dify.Finance

1. Summary

Ranks

Liquidity

-

Developer

-

Social

56

Momentum (beta)

0

Stack Rank™

-

Price

$31.32 0.0%

Market Cap

$1.32M (#2625)

Supply

/

Tags

Ethereum Ecosystem

More Metrics

Price
52W High price	$485.23
52W High date	28th Mar 2022 (2 years ago)
All Time High (ATH) Date	18th Jun 2024 (1 month ago)
All Time Low (ATL) Date	18th Jun 2024 (1 month ago)

Supply & Trading Volume
Trading Volume (24h)	$99.00

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Description

Project Overview

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Project Overview

Dify.Finance is a decentralized financial service that operates on public blockchains, primarily focused on the Ethereum blockchain. It is designed to provide financial services without the need for centralized financial institutions, mimicking the products and services offered by traditional financial enterprises but with faster and more secure processes.

Key Features

• Open: Dify.Finance is accessible to anyone with an internet connection without the need for account applications or approvals.
• Pseudonymous: Users do not have to provide personal information, maintaining their privacy.
• Flexible: Assets can be moved at will without permission or long transfer times.
• Fast: Interest rates and rewards are updated rapidly, often every 15 seconds.
• Transparent: All transactions are visible and publicly available.

Functionality

Users typically engage with Dify.Finance through decentralized applications (dapps). This platform allows users to perform various financial activities such as lending, borrowing, trading derivatives, and saving for the future, all while maintaining complete control over their transactions.

Benefits

• Lower costs: The elimination of traditional institutional overheads results in lower fees and increased accessibility.
• Global reach: Financial services are accessible from anywhere with an internet connection.
• Increased transparency: All transactions are recorded on the blockchain for public viewing.

Limitations

• Fluctuating transaction rates: The costs of active trading can be volatile, especially on the Ethereum blockchain.
• High volatility: Investments can be subject to significant price fluctuations, making them high-risk.
• Personal record-keeping: Users must manage their own tax records and navigate varying regulations.

Overall, Dify.Finance strives to provide alternative financial services that are faster, more secure, and more transparent than traditional systems, all while providing users with greater control and autonomy.

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