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One area in cryptocurrencies attracting huge attention is DeFi or decentralised finance. This refers to financial services using smarts contract, which are automated enforceable agreements that don’t need intermediaries like a bank or lawyer and use online blockchain technology instead. As beginner, one really needs to understand how the cryptocurrency market operates as it is always a difficult decision to make most especially when you want to invest using cryptocurrency as a payment method but be sure to diversify your investments with other holdings. Besides buying and holding of cryptocurrency as a means to trade which happens to be an advantage of the numerous use of cryptocurrency,I will also recommend that you invest in service companies such as the Zippercoin(www.zippercoin.tech)company, a cryptocurrency investment and mining company that gives return on investments made in days by capitalizing more on the cryptocurrency market to generate better funds.Between September 2017 and the time of writing, the total value locked up in DeFi contracts has exploded from US$2.1 million to US$6.9 billion (£1.6 million to £5.3 billion). Since the beginning of August alone it has risen by US$2.9 billion.This has driven a massive rise in the value (market capitalisation) of all the tradeable tokens that are used for DeFi smart contracts. It is now aroundUS$15 billion,almost double the beginning of the month. Numerous tokens have risen in value by three or four times in a year – and some considerably more. For example,Synthetix network token has increased more than 20-fold, and Aave almost 200-fold. So if you had bought £1,000 of Aave tokens in August 2019, they would now be worth nearly £200,000.Maximum disruptionDeFi, most of it built on the ethereum blockchain network, is the next step in the revolution in disruptive financial technology that began 11 years ago with bitcoin. One area in which in which these decentralised applications (dApps) have taken off is cryptocurrency trading on decentralised exchanges (dexs) such as Uniswap. These are entirely peer-to-peer, without any company or other institution providing the platform.Other DeFi services now in use allow you to:Borrow and lend cryptocurrencies to earn interest using platforms such as compound or AaveBet on the outcome of events using Augur.Create and exchange derivatives of real-world assets such as currencies or precious metals on SynthetixTake part in a no-loss lottery on pool together, where everyone gets their money back and one lucky participant wins all the interest that has accrued in a shared pot.Buy cryptocurrencies known as stablecoins, which are pegged to the value of a particularly currency or commodity. For example, DAI and USDC are both pegged to the US dollar.DeFi is sometimes known as “Lego money” because you can stack dApps together to maximise your returns. For example, you could buy a stablecoin such as DAI and then lend it on Compound to earn interest,all using your smartphone.Though many of today’s dApps are niche, future applications could have a big impact on day-to-day life. For example, you will probably be able to purchase a piece of land or house on a DeFi platform under a mortgage agreement whereby you repay the price over a period of years.The deeds would be put up in tokenised form on a blockchain ledger as collateral and, in the event that you defaulted on your repayments, the deeds would automatically shift to the lender. Because no lawyers or banks would be required, it could make the whole process of buying and selling houses cheaper.Why the craze?First, regulators have been behind the curve, and DeFi has been able to flourish in this vacuum. For instance, in traditional unsecured lending, there is a legal requirement that lenders and borrowers know one another’s identities and that the lender assesses the borrower’s ability to repay the debt. In DeFi, there are no such requirements. Instead, everything is about mutual trust and preserving privacy.Regulators are having to weigh the delicate balance between stifling innovation and failing to protect society from such risks as individuals putting their money into an unregulated space, or banks and other financial institutions potentially being unable to make a living as intermediaries. But it seems more sensible to embrace change – and that seems to be happening. In July, the US Securities and Exchange Commission (SEC) made a major shift towards embracing DeFi by approving an ethereum-based fund, Arca, for the first time.This is welcome and important, since one of the major challenges towards financial innovation is the hostile environment created by archaic regulations written for a bygone era. This has caused some DeFi projects to fail – including major ones such as New-Jersey-based Basis, which US$133 million to investors in 2018 when it concluded it couldn’t work within the SEC rules.A second reason for the DeFi surge is that mainstream players are getting involved. Many high-street financial institutions are beginning to accept DeFi, and seeking ways to participate. For example, 75 of the world’s biggest banks are trialling blockchain technology to speed up payments as part of the interbank information network spearheaded by JP Morgan, ANZ and Royal Bank of Canada.Major asset management funds are starting to take DeFi seriously as well. Most prominent is grayscale, the world’s largest crypto investment fund. In the first half of 2020, it was managing over US$5.2 billion of crypto assets, including US$4.4 billion of bitcoin.Third is the effect of COVID-19. The pandemic has driven global interest rates even lower. Some jurisdictions such as the eurozone, are now in negative territory and others such as the US and UK could potentially follow.In this climate, DeFi potentially offers much higher returns to savers than high-street institutions: Compound, for example, has been offering an annualised interest rate of 6.75% for those who save with stablecoin Tether. Not only do you get interest, you also receive Comp tokens, which is an added attraction. With two-third people without bank accounts in possession of a smartphone, DeFi also has the potential to open up finance to them.One final important reason for the surge in people putting money into DeFi tokens is to avoid being left out of their explosive growth. Many tokens are worth nothing or close to nothing in practical terms, so we are seeing a lot of irrational exuberance.But like it or not, we are heading towards a new financial system that is more liberalised and decentralised than before. The central question is how best to guide its development with checks and balances that minimise the risks and spread the potential benefits as widely as possible. That is the challenge for the next few years.Hope this was helpful?Thanks.....

Hello,The question of who are the best commercial mortgage lenders depends a lot on your specific requirements and also the financial position of the borrower. For one business, any one of the major banks may be the best for them, while another business may find that the secondary or private lenders are best because their products and credit policies suit their requirements which may not be as price-sensitive and more focused on a specific outcome.I view the commercial mortgage lenders in three main tiers: Primary lenders, secondary or specialised and then private. Each has their positives and negatives, deciding then on which are the best depends on your situation and requirements.Primary: mainstream lenders such as the big four banks; NAB, CBA, Westpac & ANZ. Also included here would be Macquarie Bank (although they are mainly focused towards professional services) and then the smaller banks such as St George, Suncorp, Bankwest, BOQ, ING, IMB, Adelaide).The advantages of these primary lenders are typically better pricing and terms than the other tiers. They also tend to have a full suite of other business banking related products such as business accounts, EFTPOS, business internet banking, FX and other business lending products. This can make it more appealing to have your overall business banking more streamlinedThe main disadvantage often voiced by clients is the application process that can take more time than others and can be seen to be less willing to lend outside of the available property security (this greatly varies depending on the strength of the business).Secondary/Specialised: these include lenders that are willing to approve loans that the primary lenders would see as riskier to lender to or outside of their credit policies. Examples of these lenders include Judo Bank, La Trobe Financial, Liberty and Thinktank to name a few. There are others. Secondary lenders offer loans that cater to low income documentation, no income documentation (asset lends), unsecured or secured against the business, stand-alone and loans to businesses with tax or credit issues.The advantage is the greater flexibility in scenarios these lenders are able to accept which provides access to finance to businesses that otherwise may not have been able to get finance at reasonable terms based on the specifics of a transaction. The credit approval process, as a result, can also be more streamlined and often will not require the same amount of documents that a primary lender would require.The disadvantage against the primary lenders is usually cost. These lenders will normally have higher establishment fees and annual interest costs. Although they are higher, they are usually still acceptable against the increased risk.Private Lenders: these lenders as their name suggest are private investors and capital funds that privately lend for commercial finance purposes only, secured by the property.The advantage is the specialised nature of the risk the lenders are willing to take and they are usually able to complete transactions rather quickly in need. Given the risk they are willing to take on, these lenders are often used by developers of property development projects and also businesses that may need immediate finance to meet an urgent need such as tax obligations.The disadvantage is definitely the cost and short term nature of the facilities. There is often high application and establishment fees and also high monthly interest rates, particularly when compared to the previous two tiers. These can add up and need to be carefully considered.As mentioned at the start, the best lender depends on really understanding your requirements and also the advantages and disadvantages of all lenders that are available. A commercial finance broker is a great resource for this research and advice and should be able to explain the best options available to you so you can make an educated decision that fits you and your business.Visit http://www.edgeviewfinance.com.au if you would like more information.