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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.

Kyber Network is not just a DEX, it is a DeFi Platform

8 hours ago 3 minute read littleboy $2.70 tipped

Kyber Network is often viewed by investors and community members as a decentralized exchange (DEX). But this is a misconception. It is true that the main features of Kyber is similar to other decentralized exchanges. The Kyber Network team also manag...

Self-Sovereign Wealth Should be Everyone’s Goal

4 days ago 3 minute read getFIFO $0.11 tipped

Through decades of financial change, regulation, inflation, war, political and economic changes we’ve been told that the hard “earned” money in our pocket is ours to spend as we please. However, the notion that we are in control of our own money and...

Loanscan: your gateways to Decentralized Finance (DeFi)

4 days ago 1 minute read Arvydas77 $0.05 tipped

I would like to share with you useful tool if you want to earn passive income 6-11% APR: About Loanscan:   An Open Financial system, also known as Decentralized Finance (DeFi), has created new ways in which anyone can grow weal...

Ethereum's Co-Founder Has a New Project Valuated at $1.2B And You Probably Haven't Heard Of It

1 week ago 1 minute read kevW!ls0n $1.91 tipped

Ethereum co-founder and programmer Gavin Wood’s current venture, the Polkadot (DOT) project, has concluded its token sale, selling 500,000 DOT tokens at a targeted value of a staggering $1.2 billion. No mention was made of the total sum of the funds...

ONEROOT DEX Launched R1 "Preferred Project" Plan -- The First Partner MakerDao (DAI)

1 week ago 1 minute read ONEROOT $0.93 tipped

"Everyone hates the summer’s heat, I love the summer’s long day". ONEROOT DEX, together with R1 protocol, launched R1 " Preferred Project" Plan in this amazing season. This plan seeks to discover the projects with the highest quality globally. The ch...

Defi lending and borrowing services - follow up

1 week ago 1 minute read fblauer $1.45 tipped

As a follow up to to my previous article on lending and borrowing platforms, I have decided to provide an update. I have been using mostly Compound and Nuo for lending Dai and USDC stable coins (pegged to the US dollar) and earning pretty good rates...

DeFi Token Trading In Java Using The Kyber Network #1

2 weeks ago 9 minute read talfco $3.40 tipped

A KyberDAO Funded Tutorial The tutorial will show you how easily you can access the Kyber Network out of a Java Application in order to trade crypto tokens. The tutorial has implemented the primary trading scenarios: Convert Ether to a Token Convert...

3 Takeaways You Need To Know From MakerDAO's Presentation at Fluidity 2019

2 weeks ago 2 minute read Ra.Tomps $4.01 tipped

Gregory Di Prisco, Head of Business Development at MakerDAO, had recently delivered a presentation titled “Beyond Banks” at the Fluidity 2019 Conference. The presentation highlighted a number of important features, present and upcoming, that are inte...

Samsung Has 17 Crypto Apps in its Dapp Store (With Screenshots)

2 weeks ago 1 minute read yourmitchy $2.30 tipped

If you didn’t know, Samsung already has released its own decentralized app store which is starting to fill up. Launched in March 2019, Blockchain Keystore is Samsungs proprietary decentralised application marketplace and cryptocurrency wallet. Blockc...

What is your opinion on the future of digital money, CeFi vs. DeFi, and governance models within organizations?

20 Jul 2019 1 minute read Mark Anstead $1.07 tipped

I was recently able to come chat with Steve McGarry on his podcast talking about what a DAO is, it's pros & cons, the future of money, and the implication and tech behind the ERC-1484 EIP. Go give it a listen! Spotify - Itune...

Defi tools

16 Jul 2019 1 minute read fblauer $0.01 tipped

This list was compiled by Clayton Roche on the Depfi Facebook group - (worth joining): List of 3rd Party DeFi Tools: - See the best decentralized exchange for your trade. Compares rates on 10 decentra...

Sharing how I leverage DeFi and showing my Portfolio.

13 Jul 2019 1 minute read 0xMaki $0.10 tipped

I just learned there was a #ShowYourPortfolio contest on Publish0x so I will try to outline quickly what is currently going on in my portfolio and why it is so "bland". One thing that makes me excited about the whole Ethereum protocol is how it is en...

Join PLA CryptoFarm — Win 25% Annualized Expected Return

28 Jun 2019 1 minute read CryptoFallen $0.00 tipped Dear users, To thanks for your support to our brand new feature — CryptoFarm of OCE Club, we are going to hold PLA CryptoFarm — Win 25% Annualized Expected Increase of PLA Amount! We have prepared the PLA CryptoFarm product to help you gr...