Decentralized finance
Welcome to the world of self-custodial decentralized finance on Boba. In this environment, users have complete control over their own assets and are responsible for the security of their funds. This means that users can enjoy the benefits of decentralized finance (DeFi) and other digital assets, backed by Boba’s advanced scaling infrastructure.
What is DeFi?
DeFi is a form of financial services that uses blockchain technology and decentralized protocols to enable financial transactions and services. It allows anyone with an internet connection to access a range of financial services, such as borrowing, lending, trading, and payments, without the need for intermediaries like banks or financial institutions.
Boost your blockchain needs
As the crypto industry becomes more popular and more people start using and learning about decentralized finance (DeFi), traditional blockchains are starting to get congested.
Fortunately, there are solutions. Users can move their assets on a scaling solution, such as Boba and start using decentralized finance (DeFi) in a non-congested way. While remaining the same level of security of its underlying blockchain. Boba offers many benefits:
Speed efficiency
Boba can help to increase the speed and efficiency of DeFi protocols by allowing them to handle a larger volume of transactions in a faster time.
Saving cost
Boba can help to reduce the costs associated with using DeFi protocols. It allows for more transactions to be processed in a shorter amount of time, and therefore reduces the demand for network resources such as gas fees.
Extra compute
Boba brings more computational power to the table with its native Hybrid Compute solution. A system for interacting with the outside world. Accessing real-world data, in real-time and bringing the result back atomically on-chain in a secured and immutable way.
Interoperability
Unlike other prominent scaling solutions, Boba created a flexible environment for its users and developers by becoming the first cross-chain platform.
Start using decentralize finance on Boba
Want to try DeFi on Boba for yourself? No problem. Let us help you with your first steps on Boba with our easy to follow starting guide. If you already used scaling solutions before, start connecting your wallet to our gateway and begin your journey.
Education
Blockchain is a relatively new concept for many people, and the idea of being solely responsible for the security of one’s own funds can be intimidating. With a self-custodial wallet, users have the freedom to make their own financial decisions. However, it is important to note that this independence also comes with increased responsibility. In order to fully understand how these systems work and how to use them effectively, it is important to take the time to learn about the key principles and concepts involved. There are many resources available for those interested in learning about cryptocurrency and blockchain technology here on the educational page.
