Cuffies Whitepaper 3.0
  • Cuffies Whitepaper 3.0
  • Introduction
  • Mission and Core Values
  • Market Analysis
    • CryptoCurrency Market
    • DeFi Market
    • NFTs Market
    • Social Media Market
    • Content Monetization Market
  • $CUFFIES Token
    • Utilities
      • Redistribution of App profits with holders
      • Tips and purchases of premium content
      • Get rewards by staking your $CUFFIES
      • Lifetime Premium
    • Tokenomics
    • Explaining the Fees
    • Staking Pools
    • Token Allocation
  • Cuffies App
  • Content Creators
  • Cuffies NFTs
  • The Celestia Game
    • Preface
    • Lore and Setting
    • Introduction to Gameplay
    • Mechanics and NFTs
    • Economics and Scalability
    • Matchmaking and Fairness
    • Statement to investors
  • Roadmap
    • Q4 2021
    • Q1 2022
    • Q2 2022
    • Q3 2022
    • Q4 2022
  • Marketing Strategy
  • Security and Social Responsibility
    • Security
    • Social Responsibility
  • Team
  • Scalability and Mass Adoption
  • Conclusion
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  1. Market Analysis

DeFi Market

The DeFi section in specific is something really new. It aims to provide financial services outside the centralized financial system (CeFi).

It began around 2017, and as of late 2021 already has amassed over USD 107 billion in locked value (value that can be used in the system).

The centralization of these financial services is harmful to the economy, as it makes their use difficult by various economic agents. As Schumpeter (the famous economist of the theory of destructive creation) pointed out, credit is essential for any growth and development in the economic arena. DeFi extends the scope of global credit reach.

In short, DeFi is more than a market eccentricity, it's a need that's coming true. Complex and easily obtainable financial services are essential to the economy.

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Last updated 3 years ago