Read DeFi News, Opinion and Analyses Created By Users

DeFi

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Decentralized Finance, DeFi for short, is a term used to describe the decentralized services and products made possible with the help of decentralized technology. Example of DeFi includes lending services, decentralized exchanges, marketplaces, stablecoins, derivative platforms and much more. Other entities in the ecosystem include infrastructure platforms, payment providers and custodians.

Decentralized finance is an upgrade of traditional financial systems, which are centralized and as a result of this centralization, prevents a lot of individuals from accessing financial services and contributing to the global economy. The primary advantage of DeFi products is its ability to cater to the unbanked and undocumented, which form the majority of the world’s population. Many Defi entities describe this as being the most salient feature of decentralized systems.

These open source financial initiatives is a key part in the growth of the crypto ecosystem, as several projects have built their services and products on reducing the trust involved in financial services. This is in contrast to “fintech”, which primarily focuses on new emerging systems that are beneficial, but centralized.

The DeFi ecosystem has been steadily growing since the launch of projects during the boom of 2017, and current statistics show the total value locked in the ecosystem to be roughly $471 million. Examples of platforms include the MakerDAO ecosystem, Augur, Bancor and the Kyber Network.

Given that decentralized finance tools is at its optimum with a greater number of users, multiple scaling solutions, such as second layer protocols, are being worked on - including the Lightning Network, which has been growing in usage over the past year. 

In this tag, read more about decentralized finance (DeFi) news, price predictions, opinions and analyses created by users.


DeFi Yield Farming

7 minutes ago 2 minute read 0 comments wordonthestreet

Even the most novice crypto users have come across the word DeFi, which stands for Decentralized Finance. DeFi is made up of a network of blockchain-based financial apps. The investor's viewpoint is taken into account in DeFi, with yield farming mark...

ADA IS THE BEST CRYPTO TO INVEST IN 2021? OR... SHOULD I SELL IT?

17 minutes ago 1 minute read 0 comments manuabb1

Cardano price evolution: The cryptocurrency market has not been able to better exceed 2020. If you look at the growth of Cardano (ADA) in 2020 it has been above 700%. Thanks to all this growth it has escalated among the currencies with the largest ma...

Union and UniLend Partnership will churn out Collateral Optimization to UniLend Users

1 hour ago 2 minute read 0 comments Immanuel Somto

UniLend recently stated that it will be partnering with Union. The partnership will ensure that UniLend Finance's users will have access to C-OP, a collateral optimization product, which Union offers. C-OP permits those that use the UniLend borrowing...

Can cryptocurrencies make us read and write more?

1 hour ago 2 minute read 0 comments Paperback Writer

Since I was a young child my parents encouraged me to read. Initially they would give me books but from a certain age - 10 or 12 years old - I started to choose the books I wanted to read. I would try to get my hands on them either by borrowing from...

UniLend Partnership with Tidal, playcent and stafi protocol

2 hours ago 1 minute read 0 comments Immanuel Somto

Recently, UniLend has partnered with a number of intriguing platforms in the DeFi ecosystem. One of them is Tidal Finance. The partnership with Tidal Finance will result in Tidal Finance securing the assets of those using UniLend Finance through DeFi...

Precautions when investing in DEFI projects

2 hours ago 1 minute read 1 comment Luis2020Diaz

  Currently, DEFI projects are usually very interesting because of the profits you can obtain through them, but you must also take into account the risks that these projects can have. The first thing you should take into account before investing in t...

DeFi in the BSC Network - Binance Smart Chain

2 hours ago 1 minute read 0 comments nickspellman

In this post we'll be talking about DeFi in the BSC (Binance Smart Chain) Network. The Binance Smart Chain was created in April 2020 and since then it started growing really fast. It gained more popularity recently because of the really expensive gas...

What is DeFi?

3 hours ago 1 minute read 0 comments nickspellman

In this first blog post, I'm going to start by explaining what is DeFi and why it's so important. DeFi means Decentralized Finance, but what's that exactly? It started with the idea of creating a financial instrument on the blockchain, that is decent...

Blockchain Scalability Issues & The Solutions Offered By Layer 2 Protocols

4 hours ago 3 minute read 1 comment Michele Montecchi

At the dawn of the blockchain age, Layer 1 laid the foundation for what has become one of the revolutionary industries in this Millenium. Layer 1 is the underlying main blockchain architecture. Ethereum and Bitcoin chains are considered Layer 1 and a...

" DeFi brings many risks but it also brings freedoms", Milana Valmont CEO of Kira Network

4 hours ago 9 minute read 1 comment daniejjimenez

The boom of DeFi protocols has not stopped, and there are more and more interesting proposals on the market to explore. One of them is Kira Network, a layer 1 protocol that allows to interconnect chains such as Bitcoin, Polkadot, Cosmos and Ethereum,...