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.


Announcing REN and renBTC as Bancor V2 Launch Pools

5 hours ago 1 minute read 0 comments Bancor Network

  We are excited to announce REN and renBTC as Bancor V2 launch pools. The two new Bancor V2 pools will allow both REN and renBTC holders to provide liquidity and earn a share of trading fees while maintaining 100% exposure to either token. While exi...

Cross-Chain Deposits Launched on Newdex

5 hours ago 1 minute read 0 comments hashcash

The EOS ecosystem recently became a little bigger and much more diverse – courtesy of Newdex. Cross-chain deposit and withdrawal functionality for Bitcoin and Ethereum is now live on Newdex. This feature was introduced simultaneously with the listing...

StableCoin : What's The Buzz with Stablecoins and Algorand

6 hours ago 12 minute read 5 comments Andrzej_0xa0

Over the past months and weeks, we've learned about two major stablecoins that will be migrating to Algorand blockchain (USDC, USDT). February 2020, Tether (the largest stablecoin by market cap) announced integration with Algorand platform , and a fe...

ANCHOR, A New DeFi Savings Protocol Will Be Available Before The End Of September This Year

8 hours ago 1 minute read 0 comments acnt-pbx

Blockchain firms Cosmos, Polkadot, and Terra are teaming up to launch Anchor – a new DeFi  product that promises to generate passive income by offering reliable interest rates on stablecoin deposits. The Anchor protocol  can be accessed through the b...

Biggest DeFi evolving in EOS

10 hours ago 1 minute read 0 comments cryptomaneos

  When I first heard about SOV, the first words came into my mind is, "A Deflationary token where a percentage of token get burn on every Transaction ?? " who will use it as a transact of value, turns out I am wrong, Since SOV token launch millions o...

Justin Drake Updated Timeline for ETH2

10 hours ago 1 minute read 0 comments CPix

According to a recent Reddit AMA, Justin Drake has given an updated timeline for the launch of Phase 0 of ETH2. Earliest date is looking like the middle of November and a practical later date being the 12th year anniversary of Bitcoin on January 3, 2...

Vigor.ai: Answers to Commonly Asked Questions Especially for You

12 hours ago 7 minute read 0 comments Jimmy D [Upliftnation.io l Vigor.ai l Trybe.One]

  The Vigor Protocol is currently running on the EOS main net and is in the final testing phases with custodians and DAC members ensuring all the final bugs have been worked out making it safe for full fledged public use.  Vigor.ai will be going live...

Vigor Protocol ReDeFining DeFi

12 hours ago 1 minute read 1 comment Hodl EOS

The Vigor Protocol is a DeFi crypto lending application on EOS.  Users can borrow, lend, and earn rewards using the protocol. The Vigor Protocol is live on the EOS mainnet and will be opening to the public soon.   Website: https://vigor.ai Spanish (...

Top Things You Should Know About Ren (REN)

14 hours ago 6 minute read 1 comment MuyAsk

Hey guys :) I’m back with another comprehensive Q&A piece, this time for the innovative blockchain interoperability project – Ren (REN). Ren is an open blockchain protocol that enables the permissionless and private transfer of value between any bloc...

DeFi Boom In Australia as New Projects Launch

18 hours ago 2 minute read 0 comments Crypto Resources

Australia is experiencing a decentralized finance (DeFi) boom and leading the way is Synthetix with hot on the heels newcomers Thorchain, Ren and mSTABLE and playing host to some of the most talked-about projects in the space.. They include longtime...