The cumulative sum of capital invested in decentralized finance (DeFi) applications and protocols has surpassed the $64 billion mark. Decentralized finance (DeFi) is now among one of the most exciting blockchain innovations in the past years, as innovative apps and platforms provide token investors with new ways to commercialize their crypto investments.

The drive has been so strong that the total value locked (TVL) in DeFi protocols has crossed the $64 billion mark, only missing the previous high set just a few weeks earlier. Nonetheless, because of the steep learning curve and heavy resource requirements, DeFi remains among the most challenging parts of the blockchain world for beginners.

Before the advent of DeFi, all financial transfers worldwide had to go through centralized custodial service companies, primarily banks and financial institutions. The presence of these entities was unavoidable due to the counterparty threat that happens when funds or other financial properties are being transferred. The presence of these entities was inevitable due to the counterparty threat that occurs when funds or other financial properties are being transferred.

The rise of ImpulseVen – how DeFi is eating financial institutions

ImpulseVen is an all-in-one DeFi ecosystem that includes a variety of DeFi solutions. The project is on a quest to render DeFi technologies available to all by providing an accessible platform with the finest degree of transparency, stability and performance. It is developed on the Ethereum blockchain and operated by the ERC20 VEN token. It also makes financial transfers easier by eliminating the need for costly market intermediaries and third-party facilitators.

While this process remains important, the growing usage of cryptocurrency, together with their underlying blockchain and smart contracts, allows the power to execute trustless transactions, allowing legacy schemes something of a choice rather than a necessity. DeFi solutions like ImpulseVen embody the benefits offered by blockchain and shared ledger technologies.

As a result, trustless systems are being widely adopted to perform perhaps the most complicated transactions without the use of middlemen or the possibility of being kept hostage by a third-party entity. The dangers of involving a third party involved in trades are not exclusive to conventional finance – centralized markets and trading networks have also become prominent in the crypto industry.

ImpulseVen is a DeFi solution based on the Ethereum specification, which has proven to be reliable. It is operated by VEN, a native ERC20 token that is essential to the ImpulseVen ecosystem’s business operations. The ImpulseVen ecosystem’s goods and services are built on a solid basis provided by its open sharing network.

A deep dive into ImpulseVen DEX

The ImpulseVen DEX uses smart contracts to enable non-custodial, cross-chain, peer-to-peer transfers – a feature that is at the heart of all DeFi apps, including the seven services available on ImpulseVen. The ImpulseVen DEX is a fourth-generation economic network with an integrated order book architecture that supports options and other types of trading.

On ImpulseVen, users may trade cryptocurrencies. DEX is regulated by a smart contract that acts as an escrow, completing each trade only after all counterparty risk conditions have been met. It allows users to stake their tokens and have liquidity, and gain the compounding benefit in terms of interest or staking incentives, which is a characteristic of investing opportunity inside a DeFi ecosystem.

By democratization of trade, the ImpulseVen DEX is intended to be a continuously expanding forum. Users may be able to connect new crypto asset derivative pairs to the network, and depending on group interest, this pair may become a perpetual product.

The use of trade execution coordinators (TEC) improves flexibility by applying price-time priority for all order executions, reducing collisions and front-running risk. To make trading more versatile, maintain liquidity, control minimal spread and lower fees, the TECs incorporate the best order matching and open order book relayer models.

Decentralized recurring billing – a new addition to DeFi features

Decentralized recurring billing, a fairly recent technology, is a valuable introduction to the list of DeFi options as further and more companies begin to embrace crypto payments. With the aid of smart contracts, users may instantly move a set sum of cryptocurrencies from one wallet to another at frequent intervals. Decentralized recurring billing is suitable for handling product and service subscriptions. It may also be used to handle investment portfolios that contain crypto SIPs (systematic investment plans), revolving deposits and other types of investments.

The ImpulseVen decentralized recurring billing solution uses a modular smart contract to effectively handle payment delivery and bill processing depending on the digital signature complexities of different accounts. This function can be extremely useful, especially when using stablecoins. They have a low level of instability, allowing consumers to automate a task without fear of service interruption due to non-payment of dues.

ImpulseVen is creating the infrastructure for future DeFi powerhouses, which will democratize our economic society and provide equal opportunities to investors. The network is based on the principle of constant innovation focusing on research and development related to smart contracts, decentralized lending and exchanges. As the world is warming up to crypto, the ImpulseVen DeFi ecosystem will be at the heart of the technological change that puts control back in the hands of the community.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements

The post How DeFi Is Disrupting Our Financial Ecosystem – For Good appeared first on The Daily Hodl.