$370 million in revenue was generated from Defi Protocols in May

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While some people declared the market dead in May, the Defi platform is generating more money during the event. Most of this Defi (Decentralized Finance) protocols were built on the etherium technology.

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Most of the revenue went to the party providing liquidity to the protocols. Fees are paid to end users on the basis of the protocols being a decentralized application. These fees are then shared among the token holders as incentives. This innovative new way of earning money will go a long way over time. This is the reason why DEFI will change the banking system. The @Leofinance team has defi application called cubdefi that gives you all the benefits of defi.

Check it out here.Cubdefi

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Posted Using LeoFinance Beta



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