The appeal of DeFi is obvious: it offers a borderless, open alternative to every financial service imaginable, including savings accounts, insurance, loans, trading and more. Decentralized apps, or "dApps," function on the blockchain and no longer require a central authority like in traditional finance. This eliminates the risk of a single point of failure; instead, similar records are kept across thousands of computers via a peer-to-peer network.
DeFi projects are addressing long-standing issues and inefficiencies in our current system, such as expanding financial inclusion, increasing liquidity, and lowering costs. There is a growing curiosity about DeFi and the potential to improve systems beyond finance. Social networks, ride-sharing apps, and even social media platforms all have the potential to be improved with DeFi.
The financial sector, which has been ripe for disruption for the last several years, is now being disrupted in real-time. This was evident with the rise of DeFi, and we're only beginning to sample the benefits it might provide. However, some barriers are preventing more people from entering the decentralized world.
Perhaps the most important issue facing DeFi is its limited access. It requires an understanding of blockchain and cryptocurrency, which makes it inaccessible to many people around the world.
EMBR will empower the next generation of makers, creators, and innovators by facilitating universal access that lowers entry barriers for everyone. The project encompasses applications and services that connect traditional startup incubators with decentralized finance, blockchain technology, and the cryptocurrency communities.
We propose to address this problem by developing an ecosystem that makes it easier for individuals to get into DeFi, especially entrepreneurs. EMBR is our solution. The EMBR ecosystem, powered by the EMBR token, will provide much-needed assistance to the DeFi community, beginning with Binance's Smart Chain and then extending to other chains. It will make sure that investors and developers aren't scared off by the world of DeFi.
The EMBR platform will serve as the primary resource for discovering future projects, searching for developer teams to join, a place to promote and exhibit your project or idea, as well as a location to get your project curated by a large community before ultimately launching it. We will offer mentorships for projects that have yet to find their footing, along with providing advice on how to most effectively launch a project in this increasingly competitive market.
The EMBR network is designed to be a "one-stop-shop" for all things DeFi. The goal of the network is to become the main portal for providing incentives and rewards to developers who are driving the DeFi industry forward through their creation of tools, APIs, and other resources. EMBR will also provide a unified and simplified user experience to help DeFi users address the most typical non-technical concerns.
This is an ambitious undertaking, but we believe that the immense growth of DeFi demands a platform that provides centralization and guidance to new market entrants. We aim to gain valuable insight into the DeFi community by providing the tools for entrepreneurs and developers to make the most out of decentralized finance.
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