C. Decentralized Finance

DeFI is a financial system built on decentralized blockchain technology. In this system, users can access various financial services directly through the blockchain protocol without going through intermediaries such as banks or traditional financial institutions. The advantage of DeFi is that users are in full control of their assets and transactions, without depending on third parties who can restrict access or charge high fees. DeFi also allows users to make cross-border transactions quickly and at relatively low fees.

On the Specta blockchain, complex transactions can be carried out thanks to smart contracts, which are computer programs that are recorded on the blockchain and executed by themselves when certain conditions are met. By using this smart contract, you can :

• Carry out some of the conventional financial operations in DeFi, such as depositing money in accounts to earn interest, obtaining loans, and trading assets and derivatives.

• Develop crypto assets.

• Carry out the implementation of deals, business logic and operations on the blockchain.

DeFi is borderless because anyone with an internet connection and basic technical knowledge can participate in activities on the blockchain such as interacting with DApps (decentralized applications) and deploying new ones. In theory, anyone can participate in DeFi without meeting capital requirements or other hurdles. This means DeFi is limitless.

Anyone with knowledge and skills can create, develop, and deploy applications on the blockchain and instantly access a robust and secure infrastructure with millions of potential users. DeFi is permissionless which also means that the login threshold is relatively low, allowing developers to build and launch apps quickly. In DeFi, everyone can design, develop, and deploy applications on the blockchain and instantly gain access to a robust and secure infrastructure with millions of potential users.