Centralized finance is a type of financial practice within the cryptocurrency sphere where users can earn interest and get loans on their digital assets such as Bitcoin, Ethereum,?USD Coins like USDT & USDC, and so on, through a centralized platform. The platform can be managed by a person, a group of people, and usually within the jurisdiction of a financial technology (fintech) company. In centralized finance, the assets and services offered are managed by people, and users need to come to terms with that. It’s about trusting the people or organization behind the platform. Also, CeFi platforms like?Hodlnaut?are custodial, which means we take user deposits and manage the accrual and payment of interests. Q: What is a Centralized Finance (CEFI)? A: is a type of financial practice within the cryptocurrency sphere where users can earn interest and get loans on their digital assets Knowledge provider：0xeddb693aaba0076ee0de3c822ae56d5c760e89b3 KNOW TO EARN is committed to building the world’s largest blockchain knowledge base and blockchain training academy. Through the interesting form of answering questions, more people can participate in the knowledge learning of the blockchain. You can see this knowledge now because there are a lot of people involved and contributing to the creation of blockchain knowledge. You can also be one of them and share up to 20% in bonuses. You dont need to spend any money, just use part of your spare time to participate in the creation of knowledge. Join our Telegram group to learn more. link: https://t.me/knowtoearn The content of Know to earn knowledge base is provided by users. If there…