📎Applications

Given all the analysis made initially about the DeFi concept, we at ElysiumX will address factors that conclude our application with the concept, starting with:

• Costs -> We will have low application fees, where we make it totally different from banks or other institutions that adopt abusive fees.

• No Borders -> By being a decentralized platform, not governed by banks or even governments, we will condition total liberality to all investors, and regardless of where you are.

• Passive income -> When a user lends money to another person, or leaves his assets on some platform to generate liquidity, he receives interest.

• Pseudoanonymity -> Unlike what happens in banks, to use DeFi services the user does not need to inform data such as name, address, or social security number. Access is not 100% anonymous because transactions and addresses (identifications for sending and receiving) are registered in blockchains.