Flary Finance
  • Introduction
    • 🖤What Is Flary
    • 🔶Vision
    • âš«Web2 challenges
    • 🔶Web3 challenges
    • âš«One Platform - Multiple Solutions
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    • 🔶Interest rate
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  • Security
    • âš«External Audit
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  • Tokenomics
    • 🖤$FLFI
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    • âš«Roadmap
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  1. Introduction

Web3 challenges

PreviousWeb2 challengesNextOne Platform - Multiple Solutions

Last updated 9 months ago

Imagine a scenario where you urgently need some money, and all you have are your Solana tokens that are set to pump high soon. You face a dilemma: should you sell your tokens and risk losing the potential profits, or should you look for a way to lend some additional funds without selling your assets?

Apart of all the problems described in simply consider how annoying it is to go to a bank branch to get a loan. You have to pass through lengthy verifications, fill out endless paperwork, and then wait for approval. So, Web3 is the solution. However, another significant challenge is that for Web-2 users, the transition to Web3 can be daunting. The complexity of decentralized finance (DeFi) platforms, understanding blockchain technology, and the steep learning curve often lead to frustration and missed opportunities. Web-2 users are accustomed to intuitive interfaces, seamless experiences, and straightforward transactions. When they encounter the intricate processes and high fees in the Web3 world, the adoption becomes challenging.

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"Web2 challenges"