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There are so many amazing things that can be done with certain DeFi protocols in the real world outside of cryptocurrency. Yet, many do not apply them to real-world use cases. So in this article, we are going to explore some of these unique opportunities in DeFi on Ethereum. Note these are only of few of the many amazing developments in DeFi.
Did you know that a DAI loan can be converted to fiat and used as a traditional loan? This may sound very confusing, but, it’s actually quite simple. You can keep exposure to ETH by borrowing DAI, then using it for loans on cars, houses, etc! There are no credit scores, no banks, and the interest rates are lower. Get out DeFi Ecosystem document with our Intermediate Course to learn more about lending platforms.
Did you know that there are tens of thousands of farmers in Kenya with crop insurance because of smart contracts on Ethereum? Etherisc uses LINK oracles, to provide automated protection for a variety of use cases. They provide several insurance offerings including, flight delays, crops, hurricanes, and more!
Did you know that you can set up a payroll (or any other stream of value) using Sablier, and get it paid in real-time to users on Ethereum? Just set the amount to be paid out, duration, and the recipient’s ETH address for instantaneous payments! No payroll hassle, just pure efficiency.
Did you know you can monetize your content on Ethereum with digital tokens using Unlock Protocol?
Create a DAO
Invest in Forex and Commodities
Register | Buy | Sell Domains
Did you know you can create real-life legal agreements on Ethereum with a few lines of code? These types of smart contracts can help to significantly reduce the friction and cost of creating legal agreements while providing legal clarity for digital assets. OpenLaw makes it easy to create legal agreements that work with Ethereum. No more lawyers, just code.
Decentralized Social Media
Did you know that you can use decentralized social media thanks to Ethereum? dApps like Lockedfyi and Mirror are great for creating Web3 blogs. All content lives forever on unstoppable domains, and are programmable across many other applications.
Earn Passive Income
Smart Contract Wallets
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