SEP 25, 2020
Gemini Is Your Trusted Onramp to Decentralized Finance
The Decentralized Finance (DeFi) revolution is coming into bloom and it presents the possibility of permissionless, bankless, alternatives to the legacy financial system. The pandemic has stunted economic growth globally and created a bleak outlook for the traditional banking system in the years to come. Now, more than any other time in recent history, do citizens of the world need a new choice outside of the current system.
DeFi offers such choice. Like a warm ray of sunlight shining down on us during the winter of our financial discontent, DeFi promises greater choice, independence, and opportunity for all. Gemini shares this ethos. And that is why we are committed to building a trustworthy skybridge for you to traverse into this new, exciting frontier.
At its core DeFi is permissionless finance, underpinned by smart contract technology. Using blockchain-based smart contracts, DeFi replaces much of the functionality currently offered by traditional finance, delivering more value with less friction than legacy financial services providers. For example, current bank interest rates are at an all time low and many consumers have few options to earn an attractive yield on their capital. Borrowing and lending DeFi protocols like Maker, Aave, and Compound, provide an alternative for some, who might be willing to take on more risk and earn a higher rate of return.
Today, in that vein, we have added new support for 15 additional DeFi tokens. We believe in the potential of DeFi and are here to help usher in this next wave of growth and financial innovation for the world. We are excited by the number of worthy DeFi projects being built by impressive, dedicated teams that are already helping individuals around the world become their own bank and achieve financial freedom.
By supporting these DeFi tokens, we aim to provide you with a simple and secure way to acquire and store these tokens so you can participate in the DeFi ecosystem. We also offer the Gemini dollar (GUSD), our regulated stablecoin, as another avenue of entry.
We are in the early stages of the DeFi movement and look forward to continuing to help you on your journey into this magical, financial galaxy.
Onward and Upward,
Cameron & Tyler
Note: DeFi presents unique risks. The listing of a DeFi token on Gemini does not indicate that Gemini or any regulatory authority has endorsed the underlying project or protocol. While some of our customers may choose to participate in the DeFi ecosystem, Gemini makes no recommendation that they do so.