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.


Demand for Decentralized Crypto Exchanges Keeps Growing in Light of Recent KuCoin and OKEx Incidents

2 hours ago 3 minute read 0 comments Clark Moody

Decentralization is taking on its mantle on the cryptocurrency market and is gradually ousting the last vestiges of centralization in the form of centralized exchanges. The continued growth in the prices of major cryptocurrencies on the market due to...

Best "Trade Like A pro Article" on the internet right now

2 hours ago 2 minute read 0 comments KingKD

I have been coming short as a trader for some years now. I needed to switch up things, leave the market for some time, study something else by letting life get me lost in its womb, as it is a womb I found that wherever I had been lead to there's bee...

Yearn and Cream Team Up for Leveraged Lending and Yield

3 hours ago 1 minute read 0 comments AlucardLife

On the heels of Pickle merging with Yearn comes the excellent news of the Cream team collaborating with Yearn.finance to create CreamV2. According to a post by Andre Cronje on the Yearn governance website, CreamV2 will allow yield earning with levera...

12 Days Left: Why Omnifeather matters for Feathercoin?

3 hours ago 1 minute read 0 comments CryptoWriter

Hi, here we go with the second day of our countdown to the Omnifeather activation. If you watched the video introducing Omnifeather you have probably understood the main concepts but it might still sounds a bit abstract. It is not you, blockchain tec...

EOS DeFi EoW Outlook CW 48

3 hours ago 1 minute read 0 comments favicon

It's week 48 and here's the current snapshot of the EOS DeFi floating in my little bubble DeFis.network I hate the name, but that's irrelevant because They're still rocking a solid 24.35% APY just for Voting. This bears almost zero risk for the unde...

Cryptosheets - Pull cryptocurrency real-time and historical data into Excel or Google Sheets

3 hours ago 1 minute read 0 comments Behiver

As cryptocurrency enthusiasts or professionals we either use different tools to track our assets from the portfolio or do our own thing in Excel or Google Sheets. Working with excel sheets gives you more customization capabilities (@nealmcspadden...

ICYMI: Community Distribution Fund LOCKED liquidity, Week 2

6 hours ago 3 minute read 1 comment Deficat

It’s been a busy week for crypto, so here’s a quick ‘In Case You Missed It…’ for our locked liquidity so far! With the conclusion of Week 2 of the Community Distribution Fund and the Redemption Center opening up, we wanted to provide you a quick and...

Poolz matching potential to pool of money

7 hours ago 3 minute read 0 comments thetimetravelerz

What do new potentially good crypto projects need most? Money! Money to develop Money to do marketing Money to run the day to day activities Yet money is not easy to come buy for these new projects The prime reason for them is they may have potent...

Decentralization Is DEFINITELY The "End-All Be-All" of Crypto.

7 hours ago 2 minute read 0 comments AlucardLife

I must press the issue — this is NOT a rebuttal to the article entitled  Decentralization Is PROBABLY Not The "End-All Be-All" of Crypto. Listen To My Reasoning Before You Kill Me. because that article doesn't address anything about decentralization....

Coinbase Racist? Ivan on Tech a Selfish Racist Shill?

7 hours ago 2 minute read 1 comment AlucardLife

In one of Ivan on Tech's latest videos, he takes time out to address the allegations of Coinbase workplace racism. He did so only to showcase his own disdain that anyone should care about racism, not to make any kind of important point. Throughout th...