deobankwefi

How do loans work in DeFi?

In a traditional bank, you submit an application, wait for verification, and provide documents.
In DeFi, it's simpler:
• deposit assets into a smart contract as collateral;
• receive an instant loan in another currency;
• collateral is stored in the smart contract and secured by code.

🚀 This approach eliminates intermediaries and bureaucracy. It's just you, the blockchain, and the smart contract.

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DeFi Bank the future is already here
Article 1
Title: Why DeFi banks are the future of finance?
Text:
Traditional banks take commissions, hold money under their control, and often limit access to services.
DeFi banks like WeFi are changing the game:
• wallet — it's your personal bank;
• transactions are transparent on the blockchain;
• no censorship and location restrictions.
💡 Imagine that you can take out a loan or place a deposit right from your phone, without a bank and documents. This is already a reality.
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Link in the comments 👇
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