Decentralized Finance, also known as DeFi, has been rising in popularity among users of all ages around the world. The current DeFi boom is unlike anything we’ve seen so far in the world of fintech.
We can only predict that more users will be pouring in over the next year as new dapps come into play. Yield farming, for example, is only getting bigger and bigger among younger users.
While the world of DeFi is still young, most of the userbase seems to be utilizing existing DeFi products rather than working on something their own. This is where Desire comes in so they can fix this gap between users and creators.
Please Note: This is a Press Release
Desire Finance, creators of the upcoming Desire DeFi Launcher, will enable almost anybody to create their own DeFi product with no coding experience. Things that can be deployed with the Desire DeFi Launcher includes things like yield farming operations, staking tokens, deflationary tokens and much more.
Desire’s main goal is bring the world of DeFi to the masses by introducing new users to the space with zero intimidation.
Desire Finance has their own token, the DESIRE token, which allows users to stake a percentage of all future products that are deployed using the DeFi Launcher. When a user deploys a new DeFi product, they’ll have the option whether to enable staking for DESIRE token holders. If enabled, all DESIRE stakers will watch their balance of different DeFi tokens rise steadily. Stakers will also have the option to choose which DeFi products to earn percentages of.
While creating your own DeFi product sounds exciting, one of the challenges that Desire will eventually face is the automated creation of products by users using bots. While we’re sure that Desire has already come up with security measures to stop things like this from happening, people will always find a way to pass them. Nevertheless, the amount of creativity that will eventually come out of the DeFi Launcher will be astronomical.
Desire Finance is one of the first applications that will provide seamless DeFi product creation with a clean GUI that will attract newcomers. The DESIRE token launches in October while the DeFi Launcher itself goes live in November and it’s going to be interesting to see what comes out of it during the first few months of going live.