While specific fee structures are yet to be determined, DeFi transactions generally involve minimal fees compared to traditional financial services. Fees might apply for transactions, lending, borrowing, or staking within the DeFi ecosystem.

Pioneers will need to complete their KYC verification and transfer their Pi tokens to the Mainnet. Access to DeFi services will be through the Pi Wallet and Pi Browser.

Pioneers can participate by using DeFi DApps available on the Pi Browser. They can lend, borrow, trade, or stake their Pi tokens through these applications.

Yes, Pi Network plans to implement smart contracts to facilitate automated and trustless financial transactions within its DeFi ecosystem.

Transactions will be secured using Pi Network’s consensus algorithm and blockchain technology, ensuring transparency, immutability, and resistance to tampering.

Pi Network aims to support various DeFi protocols, including decentralized exchanges (DEXs), lending platforms, and automated market makers (AMMs). Specific protocols will be developed and integrated as the network and community grow.

Benefits include financial inclusion, lower transaction costs, improved security, transparency, and the ability for Pioneers to earn rewards through staking, lending, or providing liquidity.

DeFi, or Decentralized Finance, refers to financial services that operate on blockchain technology without intermediaries like banks. On the Pi Network, DeFi aims to leverage Pi’s decentralized ecosystem to offer financial services such as lending, borrowing, trading, and earning interest.

The future value of Pi Network’s cryptocurrency (Pi) depends on several factors, including the successful execution of its development roadmap, user adoption, regulatory compliance, and the creation of a functional and valuable ecosystem. Here are some key points to consider: Factors Influencing ...Read more

The Testnet phase began on March 14, 2020.