What Is Decentralized Finance (DeFi)?
DeFi is a short term that means Decentralized Finance. Talking about DeFi would take you into a deep world of virtuality. But, there is no need to dive into such complex words. You can get the idea just from a simple explanation. We will discuss the review as a beginners guide to decentralized finance. Follow our defi crypto guide to learn all about crypto defi and various defi tokens available and their use cases.
DeFi is a virtual financial system that does not depend on any kind of medium or third party. Every day, we have to go through many points and mediums to get a financial process done. Medium means intermediaries such as advisors, bankers, cashiers, brokerage, exchangers, banks, and many more.
You have to complete certain demands at every point as well. All these processes make the financial distribution quite hard. Even though we are used to these types of methods, it is not efficient enough. There is also concern about the cost and a lot of efforts. Not to mention the high risk of getting rejection at any point.
These financial difficulties affect the commercial value from many views. But, DeFi brings the solution to surpass those bindings. It works on smart contracts and blockchains to avoid any kind of intermediaries. On the other hand, DeFi is virtual and has an automatic distributive system. So, it is promising enough to be the next-gen financial distribution.
Let’s have a look at our defi crypto guide below.
Cons Of Centralized Finance
DeFi allows a user to deal with only defi crypto like Ethereum, Bitcoin, and other defi coins. Although, there is an exchange option from fiat currency. People can rent, invest, buy, sell, loan, and more financial transactions through DeFi.
Unlike regular currency, DeFi allows a user to use digital currencies and assets for any financial dealing. Because of blockchain and smart contracts, there is no chance of losing an item and it can be used forever. With all these features, DeFi opens up the virtual gate of financial standards and strategies by reducing all sorts of real-life difficulties.
Centralized and Decentralized finance is also known as CeFi and DeFi. They offer some facilities and risks. As we are going to talk about decentralized finance, let’s have a look at the problems behind centralized finance.
Fund Control
Centralized finance does not provide the user full control over the fund. Some parts depend on different intermediaries.
Vulnerability
As there are security bridges and other connectivity maintenance, it has a high vulnerability chance and single point of failure during a transaction.
Transaction Process
Centralized Finance has large intermediaries for a single transaction. Those steps have to be done manually and they are connected. So, CeFi takes much more time and processes than a DeFi.
Multiple Investment
Multiple investments are a part of every large financial development. But, CeFi has a large process for each financial transaction that becomes even more complicated and higher for multi-investment.
Why Is Decentralized Finance (DeFi) Important?
As you already know that decentralized finance helps to improve your financial transaction experience. Let’s learn about its advantages and strong points that make it a better option to go for.
Fund Authority
DeFi offers a user full authority over the fund. There is no other medium or third party controller. Only a user holds the authority to use the fund as per choice.
Product Permanence
As DeFi is controlled by blockchain, every digital good will last forever. So, DeFi offers product permanence. No matter what happens, there is no chance of losing or deleting the product. It ensures the highest safety for digital assets.
Customization
Real-world financial goods do not offer any kind of customization depending on the performance. But digital assets are allowed to be used through DeFi. As they are virtually a code, there is a chance of their performance and security improvement through customized coding. The higher the coding level, the better the item is.
Recently, Team OG, which is the world’s richest E-sport team, has offered their gorgeous digital Nifty in the market. It was sold immediately after the launch. After all, it’s like a great collection from the two times DOTA 2 TI winner. Have a look at our defi crypto guide to learn more.
How Do I Get Started With DeFi?
In the beginners guide to decentralized finance, we will help you to get started with DeFi. As we have already learned about DeFi, it is time to get started. But, the question is how the hell you would start! For a beginner, there are so much information and strategies going on. So, it is not quite easy to grasp the situation at first.
Although, if you put just enough time to read our review then even as a beginner, you can have a successful start with DeFi. You need some equipment and following steps for a successful execution. Learn the process through the defi crypto guide below.
Virtual Wallet
We have to talk about the virtual wallet in our beginners guide to decentralized finance. This is the first thing you have to equip. As regular banks do not allow DeFi or virtual cryptocurrency transactions, you can’t do anything with them in a blockchain business. But, no need to worry about it. There are many third-party virtual banks known as Internet wallet or virtual wallet.
They are capable of dealing with defi crypto values. You have to add a bank account with one of them and store funds in it. Metamask is the most popular and easier Virtual Wallet to get started with.
- Metamask is a virtual wallet that comes as a browser extension for easy access. So, download the extension in your browser.
- Verify the account with the necessary information and create a metamask account.
- It will create a wallet for you. You will get access to your public key, private key, and other necessary blockchain transaction stuff there.
- Follow the given instruction according to the metamask website for the next usages.
CryptoCurrency
In our beginners guide to decentralized finance, the next step is to get cryptocurrencies into the account. You can get it from the popular exchange or buy/sell websites. Coinbase, Binance, Gemini, and many other platforms allow you to get cryptocurrency such as Ethereum and Bitcoin, and other defi coins by exchanging with fiat currency. Fiat currency means regular currency like USD, POUNDS, EURO.
Ethereum is the most popular cryptocurrency for any DeFi transaction and it is the most used one. So, use your bank or regular wallet to get some cryptocurrency. Later, link the account with metamask and store the cryptocurrency into it.
Investment
Investment is the beginning of your earning. But if you want to keep caution about the value then it is better to start with a simple loan. The DeFi runs through continuous hand changing strategy and usage. So, as long as you are using any kind of cryptocurrency and invest it somewhere else, that’s fine.
Most of the exchanging platforms also let you invest a loan. Although you may need to learn about their interest rate. But, it is worth any value at the starting point. Besides, You will learn that eventually. As a recommendation, Nebeus, MakerDAO, InstaDApp, Coinbase, Hodlnaut, BlockFi are some of them.
Go to their website and create an account. Later, connect your metamask account with it and deposit the loan amount as per choice.
Using the loan as an investment will let you earn instantly. Putting the loan in several cryptocurrency projects will give you higher instant or monthly interest. As time goes, you will learn with every step forward. Follow the defi crypto guide for a better understanding.
Understand Ethereum From DeFi Perspective
You can use any kind of cryptocurrency for DeFi but using Ethereum is the most favorable best defi crypto choice. Now, you may ask why that is. Let our decentralized finance guide answer that.
DeFi is run by blockchain technology. Among many blockchain facilities, Ethereus is the most efficient and suitable one for DeFi. The major reason behind this success is the smart contracts. Yes, Ethereum blockchains can be controlled through a smart contract.
If you don’t know, smart contracts is a digital coding authority that puts different conditions and terms over the value. If those conditions meet during a transaction then only it will be completed. Else, the punishments are also defined there. So, it is a legal and clear way of handling any transaction automatically.
As you are dealing with every transaction virtually, having an automatic guideline that controls both safety and transparency is the most efficient way of completing it.
Even though the smart contract is not a physical part of Ethereum but they have merged together to build up the best financial policy. So, getting Ethereum is the best choice for a beginner to start the DeFi business. Follow our beginners guide to decentralized finance to have a good grasp on the protocol.
What Are DeFi Protocols?
DeFi protocol means the Decentralized Finance Law or Agreements. In simple terms, the DeFi protocol is a peer-to-peer financial program that ignores the regular banking system. Now, the banking system is more like a centralized process where you have to go through multiple steps and there is always a chance of losing your assets or getting damaged.
Because of other factors like excessive submissions, fees, and frauds, regular banking has some great flaws in its system. DeFi protocol is the law that does not require multiple agreements for a single transaction. Every deciding point acts as an individual and does the job depending on the codes like smart contracts.
Even though it is still under construction as the evolution option is pretty wide, DeFi Protocols is the base of next-gen financial law.
What Is The Point Of DeFi?
As we have already learned about DeFi protocols in the decentralized finance guide, it is easy to agree on their vision and standard. The only point of DeFi is to improve the financial protocol so that a user can complete every step without depending on multiple processes. It also has other facilities like permanence.
In the real world, you always have a chance of losing the value but because of DeFi, there is no risk of losing anything completely. Although you may still get hacked and lose the assets they will never be destroyed.
As for now, DeFi is concentrating on removing any kind of intermediaries in a transaction that ensures a user for wide investment possibilities. On the other hand, the next development to provide permanent security is on the way.
So, having DeFi means you are taking the financial process into the virtual world to get rid of any real-life banking hassle. Now let’s learn about the DeFi tokens in our decentralized finance guide.
Are DeFi Tokens Worth Buying?
There is always a sudden change in the market and it is pretty natural. Even though we can predict but there is no way to get a guarantee on the market stability. So, talking about the worth of the DeFi token has to be judged by the recent market.
With so many predictions about dropping the cryptocurrency value, it has risen even more. That is quite unexpected but that is what the market is. So, if you are thinking about DeFi token’s worth, it would be a good idea to buy them. As the market is rising, you can bite off a chunk of profit in the recent market.
As for a prediction, the virtual financial process is getting popular day by day. If DeFi development can show some more improvements, there is the only possibility of rising the crypto market. Follow the defi crypto guide to get some predictions to get assistance on the market.
How Do You Make Money With DeFi?
In the decentralized finance guide, we will talk about earning. Earning with DeFi means earning through platforms that follow DeFi protocols. Among many ways of making money from DeFi, some of them are passive and some are active.
Passive incomes are like investing and earning by just doing nothing. Active income is like keeping an eye on the market and waiting for the best deal. Let’s have a detailed idea of them.
Lending Assets
It is the passive earning where you have to start with a bit more investment amount. You have to buy cryptocurrency with fiat currency then lend it to the platform or any other user. Lending to the platform is the best way to earn. As you are guaranteed to get profit. The profit may come monthly or yearly.
If you want to have multiple investments for passive income then use your initial or profit amount to invest in a different platform. In this case, there will be more profit depending on the interest rate.
Selling And Buying
This is the active earning process. You have to wait for the market to go down a little bit or if there is someone to sell assets with a lower value. That can be urgent or any extra condition. The policy is to get a value for a lower price. You can learn more by following our decentralized finance guide.
Then wait for the market to rise or the defi crypto price to go up for that item. Then sell them and it will get you a healthy profit and that may surpass any kind of expectation. It needs effort and the profit chance is much higher than any other option. Websites like Nebeus, Coinbase, and more are offering such deals. Check out the Nebeus Review to learn their deals.
There are many websites like Nifty Gateway that offer different exclusive items through an auction. If you can get something rare, there is a chance of getting two or three times more profit afterward. Check out our Nifty Gateway Review to learn more about them.
How Does DeFi Lending Work?
Let’s talk about lending in the defi crypto guide. DeFi lending means letting a DeFi protocol-based platform use your money. Don’t get the wrong idea about DeFi being a platform. DeFi is a backdoor system that virtually helps you to get secured financial stability.
DeFi lending works for both sides. You can lend cryptocurrency value with collateral or lend the platform to use your assets and give you interest on that. If you take a loan from them, it is commonly known as lending. But, letting them use your assets known as yield farming. Zapper.fi is a well-known platform for large scale yield farming. Let’s learn the process.
For Yield Farming:
- Go to the platform you want to yield.
- Create an account and verify your identity with the required information and documents.
- Connect both a fiat currency card and a metamask account if required.
- Deposit your assets according to the given options and set your interest rate.
- Just relax and earn regularly.
- If you want to increase the profit then create a yielding strategy.
- Lend your value on multiple platforms.
- Check regular interest updates for a better strategy build-up and enjoy.
How Do I Borrow From DeFi?
As you have learned about lending decentralized finance, let’s learn about how you can borrow or loan from a platform. It is known as borrow or personal lending. Instead of depositing, here you will take crypto value from the platform and use it for some better profit.
If you can lend with lower interest and invest it somewhere else for a higher interest then the passive income will increase surely. Most importantly, you are earning without losing anything.
For Personal Lending:
- Go to the selected platform’s official website.
- Create an account with the sign-up option and provide the necessary data.
- Prepare your metamask account.
- Connect a fiat currency card and metamask account.
- Verify yourself to start lending.
- Give the collateral value and lend your desired amount of cryptocurrency.
- As a reminder, you have to pay a certain amount of interest with every payment later.
What Is Locked In DeFi?
In terms of DeFi, locked means TVL or total value locked. If you are wondering about this locked thing the first thing you have to realize is why there is so much value on cryptocurrency comparing fiat currency. The reason is, cryptocurrency is not an unlimited value. It is limited. Now, the total amount of cryptocurrency is only $13.6B.
So, whatever the amount of value you are getting, it is part of this limited currency. This is the reason behind the huge demand for cryptocurrency. It is like a limited treasure. Although, this limited number may increase as we have seen a 5% sudden increase in the TVL.
As it is only about virtual code, there is no limitation to its evolution either. So, that is something a crypto user may look forward to watching in the future.
Which DeFi Tokens To Buy?
Talking about the most preferable DeFi token is kind of hard in some ways. There is no guarantee about a token being at the top for a long time. It changes every hour and you may notice a big change within every 24 hours. You can keep a keen eye on the top tracking websites like coinmarketcap and defirate.
Let’s have a look at the defi crypto guide to learn some popular defi crypto list of tokens.
- Aave: AAVE
- Uniswap: UNI
- Synthetix: SNX
- Dai: DAI
- Wrapped Bitcoin: WBTC
- Chainlink: LINK
- Sushiswap: SUSHI
- Compound: COMP
- Yearn Finance: YFI
- Maker: MKR
What Role Do Smart Contracts Play In DeFi?
What are you expecting in our defi crypto guide now? It is about Smart Contracts. DeFi is like an application to run financial transactions and Smart Contracts are the background conditions. As everything here is for digital goods, they are created through codes and multiple applications.
When you want to use the DeFi application for a virtual transaction, it will maintain the process to make it successful. But it needs enough code and conditions in it to run through those steps. Smart Contracts come to play the role of those conditions. From the value authority to validation and transparency along with future security, everything is run by smart contracts.
There are many conditions and terms behind every token and they have to meet certain requirements to complete every transaction and it may vary depending on the market and platform. Smart Contracts make sure to adapt to every situation so that they can be used anywhere efficiently.
You can even draw an example like DeFi being the car and Smart Contract is the entire wire connection. DeFi runs a token and Smart Contracts make it run successfully.
DeFi Vs Open Banking Standard
Open Banking is a new banking policy introduced by the UK. It is a DeFi but has some other functions and policies. As you have already known about DeFi, let’s talk a bit more about open banking. Open banking is a kind of banking that imitates DeFi but it is not. It is entirely banking like regular banking but the difference is in data sharing.
Open Banking shares the financial data to third parties for different types of research and statistical data collection. Its data is transparent and the user has no control over it. Although it is a new term in the banking sector this has some advantages and disadvantages as well.
Talking from the neutral position, it has a much higher risk over the data. On the other hand, DeFi has transparent data but their instruction is completely different and provides a whole new level of security than open banking. Follow our defi crypto guide for more on DeFi advantage.
Pros And Cons Of DeFi
We have given much information about DeFi and many of its usage. Let’s talk about its strong and weak points thoroughly.
Advantages Of DeFi
Absolute Ownership
DeFi offers you absolute ownership over the assets and everything about it. No medium or third party has control over the assets. As you have permanence, you can use the item as much as you want forever. It grants you a lifetime investment possibility.
Collateral
Collateral is an amazing feature and offer that allows a user to lend cryptocurrency through DeFi. It is common in defi crypto space to collateralize your crypto assets as insurance that lets you cover up any kind of loss and borrow crypto or stablecoins against that. It makes DeFi a financially safe platform with a chance of higher profit. Yielding is a common word in the DeFi world. Collateral also allows getting a lot of defi crypto lending for multi investment.
Non-Fungible Token
Non-Fungible Token is also known as NFT or Nifty. This type of token transaction is getting popular every day. Not only world-famous artists but also many professional brands are coming to offer their exclusive digital creation. Although most NFTs exist in ERC-721 standard, there are a few in ERC-20 standard tokens too.
Passive and Active Earning
DeFi offers both active and passive earning through it. Either you can invest or take the chance in the market for profit. Both options are available.
Transparent Data
DeFi offers data transparency as you will know everything about the item that helps you to determine the yielding or exchanging strategy.
Fast Financial trade
You can get access into the financial dashboard at any time from anywhere and there is no restriction over the transactions. As long as you are verified, just do it anytime you want.
Disadvantages Of DeFi
Adaptability
A manual banking system can adapt to any kind of preference at any time. DeFi is facing a real challenge there. Behind the scene, it is still just a combination of codes. So, there are a lot of difficulties going on based on user experience. So, there is uncertainty about the DeFi adaptability in the near future.
Perfect Scaling
There is no definite scaling system in DeFi to determine a token’s failure process and taking a long duration. It can cause a big issue if a transaction does not run successfully. There is also no perfect scaling about a transaction taking extra costs.
Vulnerable Smart Contract
Even though a smart contract is like a blessing in DeFi but it also has a high vulnerability for getting hacked or damaged. It is pure coding so if the code is not good enough then the transaction becomes vulnerable to possible disasters. It needs better coding and security adjustment.
Self-dependent Business
There is an open of definite strategy to getting a lot of profit. In truth, many people face loss and disaster because of not knowing how to build up a crypto business. A user has to learn from his/her own experiment to become successful. It gets a lot of risks to lose valuable assets in the process.
No insurance
DeFi does not provide any insurance for uncertain loss of assets. As you have the authority, you have to take responsibility for it. Of course, it has to be developed into a better term to attract more users. Check out the comparison table in our defi crypto guide.
DeFi Pros and Cons
| Pros of DeFi | Cons Of DeFi |
| Absolute Ownership | Adaptability |
| Collateral | Perfect Scaling |
| Non-Fungible Token | Vulnerable Smart Contract |
| Passive and Active Earning | Self-dependent Business |
| Transparent Data | No insurance |
| Fast Financial trade |
Major Use Cases Of DeFi
Here we will talk about major terms in DeFi. Let’s get started already.
Decentralized Exchanges
Exchanging between fiat and cryptocurrency. If you want to have cryptocurrency by exchanging with fiat currency then you have to go through a Decentralized exchange platform.
Uniswap – Uniswap is a popular DeFi platform for exchange and trade.
Balancer – A defi crypto exchange platform.
Curve Finance – An exchanging platform that offers a liquidity pool.
Bancor – A popular crypto dealing platform.
Kyber Network – Another exchanging platform that offers an on-chain liquidity pool.
Decentralized Marketplaces
Decentralized Marketplaces is the place where you can use the cryptocurrency to buy, sell or trade different items.
Banking Services – Banking services are all the financial services a cryptocurrency platform offers.
Lending And Borrowing – Lending means investing and borrowing means taking a loan. Defi allows both and most cryptocurrency platforms offer both services as well.
Compound – A defi crypto lending and borrowing platform.
Aave – It is a top-grade platform that offers yielding and loan.
Maker – Another standard platform to lend cryptocurrency and borrow them as well.
Earning Crypto With Yield Farming – Liquidity Farming
Yielding is investing cryptocurrency into multiple platforms. It allows earning profit from multiple sources at the same time. Those investment offers stand in a single place known as a liquidity pool.
Stablecoins
A platform that offers crypto storage into different defi crypto coins to reduce value volatility. A user can store and use the value for different services that provides overall stability and less risk to the stored value.
DAI – A token from the Dai platform. It is also used as a stablecoin currency.
USDC – A stablecoin currency that stands for a 1:1 crypto ratio with USD.
USDT – A coin known as Tether, is also a stablecoin. It has some more applications.
BUSD – Another form of stablecoin that has a 1:1 ratio with USD.
Bringing Bitcoin Into Ethereum DeFi
Ethereum has much more application than a regular cryptocurrency like Bitcoin. So, people usually exchange Bitcoin into Ethereum for the higher usage facilities.
Wrapped Bitcoin (WBTC) – It is a type of token that identifies Bitcoin in the Ethereum Blockchain. It has a 1:1 ratio with Bitcoin.
Decentralized Unsecured Flash Loans
Aave – Aave is a popular and open-source DeFi platform. It is widely known for its flash loans that have pretty unsecured terms and conditions. In simple terms, if the market goes down, it will sell the collateral to recover the payment in a proper ratio.
Derivatives On DeFi
DeFi derivative is a measure that predicts an item’s future price. Most digital items have a derivative value. Some platforms count this and let the value get into a deal if both parties agree.
Synthetix (SNX) – It is a platform that runs its liquidity pool through a derivative determining mechanism.
Opyn – Another platform that offers crypto transactions along with derivatives as long as the user accepts the risk factors.
DeFi Payments Network
If you want to pay through the DeFi then it has the initial system. The dream is to make an open transaction policy. There are more than 10 payment networks available in DeFi. These networks allow you to pay for anything through their services.
Request Network – It is an Ethereum based network that allows payment through three steps like request, validate and execute payments.
Celer Network – Celer offers 2-layer scaling off-chain transactions like payments.
Digital Asset Management
Digital Asset Management (DAM) is an operational system for a bunch of digital assets so that a user can use them and run any operation on them. It is like a virtual wallet.
Argent – Argent is a virtual management tool to run financial operations and manage your digital assets within the wallet.
Yearn Finance – It is a platform that helps you to optimize the initial earning from assets with different operations like lending or trading.
Zerion – It is another platform that offers you a digital wallet and lets you control the DeFi portfolio from a single spot.
Token Sets – Token Sets is a DeFi portfolio management tool that offers relative services.
DeFi Saver – A virtual management tool for your financial crypto assets and dealings.
mStable – mStable allows you to manage assets by converting, lending, swapping, or collecting into stablecoins.
Zapper – Zapper is a competitor of Zerion and exactly provides the same features
DeFi Wallets
DeFi wallets let you get full control over the crypto assets and perform any action through them. All Defi wallets tend to be non-custodial wallets giving users full control over what they do with their asset.
MetaMask – MetaMask is the most popular DeFi wallet that works as a browser extension for easy access.
MyEtherWallet – It is an open-source and free DeFi wallet that can be used for cryptocurrencies.
Argent Wallet – Argent is one of the easiest and simple crypto wallets in the business.
Portis – Another non-custodial DeFi wallet for crypto financial business.
Trust Wallet – Trust Wallet offers a large number of services and one of their services is the crypto wallet.
How To Pay Taxes On DeFi Crypto Gains?
Let’s talk about the DeFi tax in the defi crypto guide. Cryptocurrency is considered as an authorized currency in many countries so you have to pay the required tax for it. In the US, you are required to pay long term or short term capital gains on your crypto gains in USD value when you sell your crypto or switch from one crypto to another.
If you are defi yield farming, then you may have a large requirement of tax payments. Else, you may have an easy tax return basis your crypto transactions. Paying is not so difficult. You can use any crypto payment network to pay as per the government rules.
Other Blockchains Than Ethereum Into DeFi
Ethereum is not the only blockchain that DeFi follows but it has the highest proportion comparing others. Stellar, Tezos, Ripple Corda, Quorum, Corda, and many other blockchains available. As DeFi is still under development, it is possible to use them more in the future.
Polkadot
It is a web 3.0 web-based blockchain that offers multiple layers of security and stability from virtual finance. Polkadot is famous for its stable working Parachain solution to connect between different blockchains.
Cardano
On the other hand, Cardano is an open-source blockchain that has been in development since 2017. But, they took a peer review scientific approach to make sure they have the best protocol on launch and they achieved it. The Shelley mainnet launch is successful and Cardano staking is successful so far.
DeFi Login Process – Web 3
DeFi Login Process is not different from any other login process. Go to the official website and sign up using the required information. If you want to use a web 3.0 application then use a blockchain that allows web 3.0 transactions. One of the best wallet to use is MetaMask or Argent Wallet or Mist Browser to interact with Ethereum blockchain and ERC-20 tokens.
Although, the one-click log-in simplifies things in web 3.0, please be careful because transactions can be easily sent out on the blockchain with just another click after logging in. So, remember that blockchain is immutable and you can’t get your payment back for wrong transactions and be careful.
DeFi TVL – Total Value Locked In Decentralized Finance
As we have already introduced it in the defi crypto guide. DeFi TVL redirects to the info that the total number of DeFi is limited and it is $16.3B. Although this number can increase as we have seen a 4% increase b8ut there is no discrete information about how the number can increase. This locked value is known as DeFi TVL.
Takeaway – Defi Crypto Guide
At the end of our defi crypto guide, let us get an overview of the DeFi and its progress. DeFi has taken its place as one of the most revolutionary management systems in the virtual world. You don’t have to take any banking issue like the real world. A user controls the authority of the value. There is no intermediate process or step. Day by day, virtual and digitalized financial systems may become the next-gen financial policy because of the services DeFi is introducing.
You can buy, sell, trade, exchange, invest, loan, and more. It is true that DeFi is still under development and needs to adapt to many user demands. But, it is already increasing at an aggressive rate and we may see something even more amazing in the upcoming years. Let’s hope for the best and start your cryptocurrency experience today. Don’t regret tomorrow.
The rise of decentralized finance is amazing and creates a new asset class for investors and gives them entire control over managing those assets. How better can it get?
