iBG Finance a Decentralized Finance (DeFi) wealth management platform and sister-concern of ICOA Inc (OTC Pink: ICOA), has announced the tools it has developed to enable ‘crypto newbies’ with simple, educational and safe access to the burgeoning world of decentralised finance (DeFi).

Indeed, there is strong opinion - and plenty of supporting research - that the core use case for crypto is DeF. Whilst DeFi doesn’t have a formal definition, it typically includes the use of the blockchain to borrow and lend using auction markets; to trade in unconventional derivatives; to trade one set of crypto assets against another; and for unusual forms of insurance.

iBG Finance recognizes the incredible opportunity that DeFi has to offer, not only to the end users of its products, but also to everyday people keen to get involved in investing in crypto. 

Indeed, DeFi is undoubtedly a market not to ignore; it had a size of $170 billion dollars in November 2021, and has now surpassed the level of 106 billion as of February 2022, and its growth in the last year has been 47%.

A survey carried out by Weiss Ratings earlier this year surprisingly found that high 62% of retail investors said they knew what DeFi was. Yet unfortunately, a full 92.5% reported that they didn’t know how to go about getting the high yields that DeFi has to offer, and 74% simply ‘didn’t know where to start’ in the DeFi investing - even though they wanted to. 

Comments Sam Chng, CEO of iBG Finance:

“DeFi allows wealth management to trickle down to individuals, empowering them to emulate what financial institutions do to enjoy healthy earnings. In ensuring immutability and removing intermediaries, anyone can lend, trade or borrow. Anyone can enjoy margin trading options and long-term and short-term investors can lend assets to earn higher interest rates.

“However, despite the accessibility and opportunity that DeFi provides for everyday consumers, there are barriers to entry in the form of unnecessarily complicated processes. 

“That’s where we come in. iBG Finance wants to remove these pain points by presenting these innovative earning opportunities wrapped in simplicity to users who wish to enjoy the immense benefits but struggle to understand what can also be intimidating interfaces.”