Credit is loaning you money and providing an interest rate. Usually something insane like 15%.
DeFi is unlocking the value of an asset, making it liquid and allowing me to participate in other investment opportunities without an APR.
One example is on Kaurura. I have KSM, Stake that KSM for a 19% APR Rate. Throw that LKSM into a vault and mint AUSD as long as i have 160% collatoral ratio. I can then use that aUSD i printed, buy other assets and participate in liquidity pools, which are giving anywhere from 50% to 300% APR.
It's a new era of finance. Play around in the space before you say it's worthless.
DeFi is unlocking the value of an asset, making it liquid and allowing me to participate in other investment opportunities without an APR.
One example is on Kaurura. I have KSM, Stake that KSM for a 19% APR Rate. Throw that LKSM into a vault and mint AUSD as long as i have 160% collatoral ratio. I can then use that aUSD i printed, buy other assets and participate in liquidity pools, which are giving anywhere from 50% to 300% APR.
It's a new era of finance. Play around in the space before you say it's worthless.