Manipulating DeFi with Tokens
DeFi Tokens are the exceptional crypto asset that manipulates the DeFi with its salient features. After the inception of cryptocurrency to the market. Its decentralized distributed technology paved the way for phenomenal business opportunities with its significant features. Blockchain’s security and anonymous environment attracted sovereign investors to explore the business opportunities in this nascent technology. The proliferation of this new technology introduced phenomenal innovations to the market that evolves the business and the society. DeFi tokens development is one of those phenomenal innovations that act as the backbone of any crypto project and also acts as a valuable digital asset. These tokens serve multiple purposes with their intrinsic value and asset flexibility. The token standards vary with the platform, and its features differ effectively based on the smart contract.
What is a smart contract?
Smart contracts are the pre-programmed code that executes a process automatically without involving any intermediaries and third parties. This smart contract works under a consensus mechanism. The code and the agreements contained therein exist across a distributed, decentralized blockchain network. The code controls the execution, and transactions are trackable and irreversible. The process will be executed only if the given conditions are satisfied. If any condition fails, the entire process will be reversed back.