Pakistani crypto and blockchain market is all set to explode as Pakistani crypto and DeFi startups are already in full swing. The decentralized finance is the future, and there is no doubt about it. So how you can earn money in Pakistan from DeFi coins.
Before you start thinking about any free money or get rich quick, you need to understand the whole technology, purpose and other issues around it. You need to make sure that you only act upon learned and authentic information instead of shooting in the dark. DeFi alliance in Pakistan should start raising awareness around this to help out the startups and other developers. They should also help out in acquiring talent and strategising go-to markets.
Government of Pakistan should initially regulate this industry. I know this sounds paradoxical but given the pitfalls around this DeFi innovation, it’s required. DeFi alliance should help out Pakistani banks or authorities to institutional liquidity, regulatory advisory, operational support and recruiting. There is no dearth of talent and there is no dearth of knowledge. The only required thing is guidance. DeFi alliance in Pakistan should promote their vision and their requirements. They need to drive the global adoption of DeFi technology and co-create a transparent, low cost, and trustable decentralised financial system.
The primary building blocks of DeFi are cryptography, blockchain, and smart contracts. Smart contracts are what really differentiate DeFi from other similar technologies. DeFi meaning in Urdu is that ‘Aap Ka Apna Bank’. So you don’t have to go to bank for depositing or withdrawing your money or even to get a home or car loan. I know it sounds absurd but it isnt. And already Defi has $90 billion market cap as you read these lines.
In simple words DeFi enables sellers, lenders, buyers, and borrowers to interact directly rather than seeking institutional help for transaction administration. Following are the top DeFi applications out there right now; Ethereum, Decentralized exchanges (DEXs), Stablecoins, Lending platforms, Prediction markets, and Yield farming.
So if you want to start earn money from DeFi coins in Pakistan then start learning about all of above and then step in.