PEAKDEFI - The Future of Decentralized Investment

How PEAKDEFI is Revolutionizing the Financial System

The blockchain and the use of cryptocurrency started with the creation of Bitcoin about a decade ago. The traditional financial market which has various problems such as inefficiency and inequality was in dire need of innovation. Aspects like financial enshrinement, the world divide, and the ineffective sharing of value have gotten banks into trouble. 

A staggering 1. 7 billion people are still excluded from banking systems and hence from lending and investments. Whereas the internet opened up possibilities for exchanging information online, the blockchain, has brought the ability to exchange value online, transparently, efficiently, and decentralised.

The Dawn of Decentralized Finance (DeFi)

Ethereum and smart contracts gave a new impulse, because for the recent DeFi boom. Organizations within different fields of finance are now developing projects to dismantle the existing financial structure altogether. The total value locked in DeFi has grown from 1 billion USD in a year to 10+ billion USD and this is only the beginning.

PEAKDEFI's Vision

PEAKDEFI aims to address the flaws of traditional investing, which have contributed to global inequality. The traditional system favors the financially educated, highly connected, and wealthy individuals, granting them access to the best investment opportunities. PEAKDEFI’s vision is to create a global, decentralized fund that is easy to understand and accessible to everyone, regardless of their current financial status. This fund is governed by all participants, aiming to help everyone reach the peak of the markets.

The Flaws of Traditional Financial Markets

It is common knowledge that in today’s world, almost every financial service is controlled by a centralized structure of banks. Currency, created by central banks, is required in any credit operation and investment, be it lending or borrowing. Although, banks played an important role in the course of the evolution of mankind, the contemporary financial system has a number of shortcomings because it operates on the basis of trust.

• The Unbanked Population:- Approximately 1.7 billion people do not use banks and are excluded from the mainstream financial system. Many cite a lack of money, high fees, and lack of trust as the primary reasons for not having a bank account. Exclusion from the financial system is a major cause of poverty and must be addressed.

• High Costs and Slow Transactions: Despite global connectivity, financial transactions remain slow and expensive, especially cross-border transfers. High costs of maintaining bank accounts and remittance fees further inconvenience users.

• Lack of Trust:- Financial institutions are among the least trusted entities due to numerous corrupt practices and crises, such as the 2008 financial meltdown. Scandals like the Panama Papers and FinCen Files have only worsened this distrust.

• Global Inequality:- A small percentage of the population controls a significant portion of global wealth, with the top 1% owning 47% of it. This inequality gives them access to various asset classes and financial opportunities, further widening the gap.

The Need for Decentralized Finance

The current financial system is centralised, therefore it has systematic risks like what was evidenced during the financial crisis 2008. This interdependence leads to a chain reaction that results in the need for government bailouts in the billions, which are often achieved at the detriment of the poor.

The Solution: Decentralized Finance

The people’s increased ownership and availability of smartphones and the internet, along with the decentralization of technologies such as blockchain, presents an opportunity to redesign the global financial system. DeFi is an equal, just, and inclusive financial system that empowers everyone.

DeFi: Disrupting the Financial Market

Thus, while traditional financial systems may be slow and bureaucratic, DeFi is more democratic, fair, and open with less bureaucracy and no intermediaries. Challenges of the modern market are partly solved by FinTech companies, but the banking system is still the guide. Thus, only DeFi, which offers trustless solutions, can disrupt this market and remove fundamental issues.

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The Exponential Growth of DeFi

Cryptocurrencies initiated the disruption by making money and payments universally accessible. DeFi goes further, disrupting savings, loans, trading, and insurance. Experts believe blockchain technology is more disruptive than the internet. As of September 2020, over 11 billion dollars are already locked in DeFi services, and this is just the beginning of disrupting a multi-trillion-dollar market.

PEAKDEFI is at the forefront of this revolution, offering a decentralized investment gateway that is easy to use and accessible to millions. Their vision of enabling everyone to grow their wealth, regardless of their current position, is set to reshape the future of finance.

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