• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

We Are Augustines

We Are Augustines

  • Home
  • About
  • Lifestyle
  • Health
  • Stories
  • Business
  • Stories
  • Travel
  • Blog
  • Contact

Earnity’s Dan Schatt and Domenic Carosa Look to Make DeFi Simple

May 31, 2022 by Jarred

With cryptocurrency continuing to rise in terms of users, crypto trading has also become much more prevalent. One of the ways users can buy and sell cryptocurrencies from one another is through a decentralized exchange (DEX). According to Dan Schatt and Domenic Carosa of the social-first crypto platform and marketplace Earnity, a decentralized exchange provides many advantages for users because its decentralized nature eliminates the need for a broker or financial intermediary.

DEX transactions are facilitated through smart contracts, automated agreements between the creator of a contract and the receiving party. The self-executing agreement becomes immutable and irreversible since it is written in code and embedded into the blockchain. And because there are no middlemen between trades, regular people can directly do business with each other. On top of that, fees are typically much lower than centralized exchanges.

Unlike centralized exchanges, DEXs do not require a trader to sign up or even have an email address. Instead, users only need a crypto wallet compatible with the smart contracts on the exchange’s network. This means that anyone with a smartphone or mobile device and an internet connection can interact with a DEX platform.

To trade via DEX, a user has to decide which network they plan on using and select a wallet compatible with that network. The wallet then has to be funded with its native token, which will be used for the intended trade and pertinent transaction fees.

Using and learning about decentralized finance (DeFi) tools and apps can still be enormously complicated, especially since the technology is still in its infancy stage. Dan Schatt and Domenic Carosa aim to help users learn more about it through the Earnity platform. It is designed to make crypto and DeFi more approachable and intuitive to allow users to participate and access industry-standard DeFi projects and protocols easily.

 

0 Shares

Filed Under: Blog

Primary Sidebar

About Us

Hey I'm Jarred, the editor of We Are Augustines. My favorite topics to cover are music and home decor - but we do a ton here at our little online magazine. We also cover fashion, lifestyle and much more.
Read More…

Follow Us Online

  • Facebook
  • Instagram
  • Twitter
  • YouTube

NEWSLETTER

TeraHemp

Recent Posts

How Can an Uncontested Divorce be Done so Quickly in Alabama

March 24, 2023 By Jarred

For those considering a divorce, one of their main … [Read More...] about How Can an Uncontested Divorce be Done so Quickly in Alabama

Forensic nurses and the law

March 21, 2023 By Jarred

Forensic nursing is a relatively new field that … [Read More...] about Forensic nurses and the law

Facebook

We Are Augustines

Footer

About Us

Hey I'm Jarred, the editor of We Are Augustines. My favorite topics to cover are music and home decor - but we do a ton here at our little online magazine. We also cover fashion, lifestyle and much more.

Read More…

Recent Post

  • How Can an Uncontested Divorce be Done so Quickly in Alabama
  • Forensic nurses and the law
  • 3 Tips For Spending More Time With Your Family
  • Ways To Make Your Family Beautiful by Taking Care of Their Health
  • How can I pay my car repair bills faster

Facebook

We Are Augustines

Copyright © 2023 · News Pro on Genesis Framework · WordPress · Log in