CrossFi
  • CrossFi
  • ENGLISH
    • Introduction
    • DApp Instructions
      • Ethereum chain(ERC20)
        • Getting started
        • Add CRFI and cFIL on wallet
        • Start CrossFi DApp
        • Stake CRFI and cFIL
        • Swap FIL and cFIL
        • CrossFi Borrow (Flashloan)
        • Ethereum chain to BNB Smart Chain
      • BNB Smart Chain (BNB)
        • Getting started
        • Add CRFI and cFIL on wallet
        • Start CrossFi DApp
        • Stake CRFI and cFIL
        • Swap FIL and cFIL
        • MetaMask Wallet Withdrawal Guide
        • CrossFi Borrow (Flashloan)
        • CSO (CrossFi Swap Opportunity)
        • BNB Smart Chain to Ethereum chain
      • Invitation Reward
    • CrossFi - CRFI
      • Token Listing
      • Token Economics
      • Token Distribution
      • Token Contract
      • white paper
      • Audit
    • FAQs
    • Roadmap
    • Channels
    • Announcement
      • What are Liquidity Pool (LP) Tokens?
      • CSO Follow Up Report
      • IT IS TODAY!
      • Let the countdown begin!
      • CrossFi Swap Opportunity is here once again!
      • 9th Round CSO Summit Unveiling Soon
      • Suspend recharge business
      • CrossFi Will Support the Filecoin (FIL) Network Upgrade
      • AMA Recap — CrossFi x Metatalkz
      • CSO Follow Up Report
      • Countdown 0 day
      • Countdown 1 day
      • Countdown 2 days
      • Let the countdown begin!
      • The CrossFi swap opportunity is back
      • CSO #8 coming soon
      • What is Flash Loan
      • What is Exchange Trust Fund
      • The Liquidity Crisis in Crypto Ecosystem
      • CrossFi WorldCup Final Prediction
      • Understanding Blockchain Trilemma
      • World Cup CrossFi Event
      • CSO Follow Up Report
      • Financial Inclusivity– The role of DeFi
      • Will start in an hour and a half🚀
      • Countdown to the day
      • Countdown to 2 days
      • Are you ready? Countdown to 3 days
      • Greetings, CrossFi Family!
      • How does Crypto Lending and Borrowing Work?
      • What are Meme Coins
      • What is Governance Token
      • What is Multi-Asset Staking
      • What is the Difference Between APY and APR
      • Understanding the Difference Between Cryptocurrency and Stock
      • Ethereum Merge– The CrossFi Outlook
      • Announcement
      • Understanding the Basics of Peer-to-Peer Network
      • Atomic Swaps
      • Difference Between Centralized and Decentralized Cloud Storage System
      • How Secure are Crosschain Solutions– Why CrossFi?
      • CSO #6 is a success!
      • CSO #6 Is On 10th August!
        • Countdown to 1 days for CSO #6
        • Countdown to 2 days for CSO #6
        • Countdown to 3 days for CSO #6
      • Understanding Transaction Fees on Blockchain
      • Passion Economy– GameFi, and how it is incentivising Gamers
      • Difference Between Token and Coin
      • Custodial and Non-Custodial Wallets
      • The Basics of Investing in DeFi
      • Exploring DeFi Oracles, and Their Roles in Decentralized Finance
      • What is Impermanent Loss and How to Avoid it
      • Reassessing the Use Cases of Blockchain in the Real World
      • Revisiting the Basics Functionalities of Stablecoins
      • The updated version of our DEX will be live in the third quarter.
      • The Role of Dapps in the Web3 Ecosystem
      • Permissionless, Decentralized Web– Revisiting the Basics of Web3
      • IPFS is Taking Cloud a Step Further with Decentralized Storage
      • An Expository into the Filecoin Ecosystem
      • The Blossoms of Traditional Banking Dwindles as DeFi Enters the Stage
      • Revisiting Blockchain Scalability and the Fate of Adoption in a Bear Market
      • Revisiting Privacy, Free Speech and Censorship in Web3
      • Blockchain Accessibility
      • The World Doesn’t Need Banks, Policymakers or NGOs — It Needs DeFi
      • Proof-of-Work and Proof-of-Stake Compared
      • NFTs at a Glance
      • The Journey Towards DEX Regulation
      • CSO #5 Is On 10th May!
        • ONLY a few hours to go for the CSO #5
        • One day to go！
        • Two days to go!
        • Get ready for CSO #5 just 3 days to go stay tuned
      • Liquidity Pool
      • DEX Aggregators– All You Need to Know
      • Importance of Cross Chain Solutions– A Future Outlook
      • Introducing Aurora
      • Raising Global Investment in DeFi Space– Growth and Analysis
      • CrossFi Staking Rewards
      • Announcing the winner of the meme contest
      • Functions of DEX–A Brief Overview
      • The meme contest is coming to an end
      • Announcement
      • Deploy CrossFi DEX on Aurora
      • We're happy to announce new features on our DEX protocol.
      • GREAT NEWS!
      • Less than 24 hours until our big announcement!!
      • CrossFi Discord Meme Contest is here!
      • Something Big Coming on CrossFi
      • What exactly is a Decentralized Exchange(DEX)?
      • CRFI(CrossFi)will be listed on LBank
      • Know more about CrossFi
      • The 2022 Roadmap For The CrossFi DEX
      • Our website has been newly updated!
      • CSO #4 Successfully Concluded!
      • Markets Are Up & CSO #4 Is On 10th February!
        • It's today! Are you excited? Wallets ready?
        • One day to go! Better save the date AND time!
        • Two days to go until the start of the CSO #4!
    • CSO burns
      • CSO #15
      • CSO #14
      • CSO #13
      • CSO #12
      • CSO #11
      • CSO #10
      • CSO #9
      • CSO #8
      • CSO #7
      • CSO #6
      • CSO #5
      • CSO #4
      • CSO #3
      • CSO #2
      • CSO #1
    • CSO #12
  • 中文
    • 项目简介
    • DApp 使用说明
      • 以太坊链（ERC20）
        • 入门
        • 语言切换
        • 添加CRFI、cFIL
        • 进入CrossFi DApp
        • 质押cFIL、CRFI
        • 兑换FIL、cFIL
        • CrossFi 借贷（闪贷）
        • ETH链兑换BNB智能链
      • BNB智能链（BNB）
        • 入门
        • 语言切换
        • 添加CRFI、cFIL
        • 进入CrossFi DApp
        • 质押cFIL、CRFI
        • 兑换FIL、cFIL
        • MetaMask 钱包提取指南
        • CrossFi 借贷（闪贷）
        • CSO（CrossFi 兑换机会）
        • BNB智能链兑换ETH链
      • 邀请奖励
    • CrossFi - CRFI
      • 代币上市
      • 代币经济
      • 代币分配
      • 代币合约
      • 白皮书
      • 审计
    • 常见问题
    • 频道
  • Tiếng Việt
    • Giới thiệu
    • Litepaper
    • Hướng dẫn sử dụng Dapps
      • Ethereum (ERC20)
        • Bắt đầu
        • Thêm CRFI và cFIL trên ví
        • Khởi động CrossFi DApp
        • Stake CRFI and cFIL
        • Chuyển đổi FIL và cFIL
        • Borrow CrossFI (cho vay nhanh)
        • CSO (Cơ hội hoán đổi CrossFi)
        • Ethereum chain to BNB Smart Chain
      • BNB Smart Chain (BNB)
        • Bắt đầu
        • Thêm CRFI và cFIL trên ví
        • Khởi động CrossFi DApp
        • Stake CRFI and cFIL
        • Chuyển đổi FIL và cFIL
        • Borrow CrossFI (cho vay nhanh)
        • CSO (Cơ hội hoán đổi CrossFi)
        • BNB Smart Chain to Ethereum chain
      • Phần thưởng lời mời
    • CrossFi - CRFI
      • Niêm yết token
      • Token Economics
      • Phân phối Token
      • Token Contract
      • Kiểm toán
    • FAQs
    • Các kênh truyền thông
  • Bahasa Indonesia
    • PERKENALAN
    • PETUNJUK DAPP
      • BNB Smart Chain (BNB)
        • Memulai
        • Tambahkan CRFI dan cFIL di Dompet
        • Memulai CrossFI DAPP
        • Stake CRFI dan cFIL
        • Tukar FIL dan cFIL
        • Pinjaman CrossFI (Dana Cepat)
        • BNB Smart Chain ke Ethereum chain
      • Ethereum (ERC20)
        • Memulai
        • Tambahkan CRFI dan cFIL di Dompet
        • Mulai CrossFI Dapp
        • Stake CRFI dan cFIL
        • Swap FIL dan cFIL
        • Pinjaman CrossFi (Dana Cepat)
        • Ethereum chain ke BNB Smart Chain
      • Hadiah Undangan
    • CrossFi - CRFI
      • Daftar Token
      • Token Ekonomi
      • Pembagian Token
      • Kontrak Token
      • Audit
    • FAQs
    • Lite paper
    • Channels
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  1. ENGLISH
  2. Announcement

The Blossoms of Traditional Banking Dwindles as DeFi Enters the Stage

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Last updated 2 years ago

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As traditional finance grapples with challenges, #Blockchain -powered finance, defi, is poised to take over the sector. #DeFi opens the door wide to an array of possibilities not yet existent in the old economy. Find out how DeFi will influence banking

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