THE ROLE OF BENYKE FINANCE

Benyke Finance aims to play a pivotal role in providing a decentralized platform that brings these traditional financial services to the blockchain ecosystem. Its platforms serve as solutions, offering access to, asset exchange, ramping, investment opportunities, borrowing and insurance.

By building decentralized infrastructures, Benyke Finance ensures that users can access these services with greater security, transparency, and efficiency. The platform leverages smart contracts and blockchain technology to automate processes, reduce the need for intermediaries, and eliminate unnecessary fees.

Comparison of Benyke Finance’s DeFi model with existing traditional model

Traditional finance relies heavily on centralized institutions such as banks, insurance companies, and payment processors. While they provide necessary services, they also come with limitations such as high costs, lengthy processing times, and limited accessibility.

Benyke Finance's DeFi model utilizes blockchain technology, which allows for decentralized and trustless transactions. Here are some key differences between traditional finance and Benyke Finance's DeFi model:

· Intermediaries: Traditional finance heavily relies on intermediaries, whereas Benyke Finance aims to eliminate the need for intermediaries by leveraging smart contracts and decentralized platforms.

· Accessibility: Traditional finance services often have barriers to entry, such as high minimum investments or credit requirements. Benyke Finance's DeFi model aims for greater inclusivity, with reduced barriers for accessing services like investment and borrowing.

· Security and Transparency: Traditional finance is prone to fraud and lacks transparency in many areas. Benyke Finance's DeFi model leverages blockchain's immutable nature, providing enhanced security and transparency in transactions and operations.

· Cost efficiency: Traditional finance services often incur high fees due to the involvement of intermediaries. Benyke Finance's DeFi model aims to minimize fees, utilizing smart contracts and automation to reduce costs for users.

Overall, Benyke Finance's DeFi model seeks to reshape traditional finance services by leveraging the benefits of blockchain technology, making them more accessible, secure, transparent, and cost-effective for blockchain users.