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 investment strategy

1 day ago 3 minute read fblauer $4.39 tipped

Introduction After experimenting with a lot of different risk vs. reward strategies I have settled on a plan that works for me, is pretty simple and doesn't require a lot of monitoring (ex. no risk of liquidation).  Lending - stablecoins vs. volatile...

DeFi + ODL propicia el fin de las transferencias SWIFT

5 days ago 4 minute read Juan Molina $0.20 tipped

SWIFT Traditionally cross-border interbank financial transfer operations are carried out under the SWIFT code system (Society for Worldwide Interbank Financial Telecommunication).This code is part of a Belgian System and was designed so that its stru...

What Is Hydro (HYDRO)? - [A Comprehensive Guide to Understanding Hydro]

6 days ago 9 minute read Mr.CryptoWiki $8.09 tipped

It’s been a decade since Bitcoin came around and since then we have seen many different kinds of projects come up. Some are working on what are pointless use cases - you have a blockchain for almost everything these days. These projects can make it s...

The Diagrammer Series — Autonomous Agent, Thing In Role and Asset

1 week ago 6 minute read talfco $0.05 tipped

A Gentle Introduction To The FIBO Ontology The goal of the “Diagrammer Series” is to explain the evolving systems landscape and its associated concepts in the context of Decentralized Finance (DeFi) in a visualized way using (UML) diagramming techniq...

CEL Token & Celsius Network

1 week ago 3 minute read Kieran Alexis $5.17 tipped

CEL Token & Celsius Network   Warren Buffet is credited with the observation that “If you don't find a way to make money while you sleep, you will work until you die.” There are many DeFi opportunities and people like them for good reasons, but many...

Was PegNet Fairly Launched?

1 week ago 4 minute read PegNet $2.13 tipped

PegNet is the CPU mineable stablecoin and synthetics network for DeFi. As a mineable token, people often want to know if it was fairly launched and if there was a premine. I have gone back through history to showcase that PegNet was, in fact, fairly...

Fintech laid the foundation for DeFi

1 week ago 1 minute read Juan Molina $0.12 tipped

The term Fintech arises from the union of two words in English: Finance and Technology. We could say that Fintech means the union of technology and finance. This with the objective of developing more efficient and more scalable financial services, re...

People Will Not Care About Cryptocurrency Until One Thing Changes

1 week ago 6 minute read MarkHelfman $0.80 tipped

This Tweet: Hey @bitcoin_bacon, guess what? That doesn’t give me confidence. Why would anybody have confidence in a currency that most of its holders don’t even use? And if HODLers don’t even use it, why should I? Here are some other things that hav...

DeFi - Best in Class for 2020

1 week ago 2 minute read crypto_moose $3.64 tipped

Decentralized Finance (DeFi) projects began gaining momentum in just the last few years. In late 2018, fifteen Ethereum-based projects united as a network to build an open, decentralized and independent financial system (a decentralized finance syste...

Discussion for a blockchain voting platform in Virginia is underway

2 weeks ago 1 minute read Roberto D. $0.09 tipped

The general assembly of Virginia will discuss, tomorrow, a proposal aimed at studying the application of blockchain technology in voting processes; the proposal, made last December 27 by Hala Ayala (state delegate and cyber security specialist), will...