The definition of decentralized finance (DeFi) is blurred. As an umbrella term, it can be restricted to smart contract applications or cover a broader area. DeFi is highly hyped as the future of financing and maybe it is. It's decentralized character makes it...
In principle, decentralized finance is an ecosystem of financial applications based on Blockchain technology that operates without any third-party or central administration intervention. Smart contracts are the foundation layer for decentralized finance as they are self-executing and do not require intermediary oversight.
DeFi projects cover a broad range of financial services, that imitate traditional finance, innovations that are based on its decentralized character, as well as Ponzi schemes and other scams. While in a growing ("bullish") market all these projects seem to be profitable and successful, many projects will not pass the stress test of a problematic ("bearish") market situation. Most of "DeFi" is essentially just venture capital awkwardly glued to a blockchain, focused on an exit strategy.
PUGNATORIUS supports and accompanies DeFi investors. Since the DeFi is here to stay, its use leads to many interesting legal challenges. This starts with the legal and regulatory requirements, the possible characteristics as security, and the applicability of AML/KYC requirements.
PUGNATORIUS confidentially supports DeFi-unexperienced law firms in their complex professional assignments involving digital assets and blockchain technologies.
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