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.


Top 5 Crypto Tokens in the Avalanche DeFi Ecosystem

26 minutes ago 3 minute read 0 comments WJH

Avalanche DeFi ecosystem is growing at a rapid pace. Almost every week we see new projects entering the market. But what applications are heavily used and have positioned their tokens as bluechip Avalanche DeFi tokens.   Pangolin - PNG token Pangolin...

Crypto Is Life Insurance

3 hours ago 5 minute read 5 comments lordneroo

All this FUD doesn't make sense to me. At all. I mean we are all very lucky to be part of this revolutionary movement since the early days, so I believe that the majority of crypto users need to stop being so short-sighted and think long-term. It's...

Pros & Cons of CEX & DEX

4 hours ago 1 minute read 3 comments Defiant Pathfinder

Centralized Crypto Exchanges has been in existence for so long and the competition has been stiff. Now they are facing a huge competition from their competitors. What could be the Highest threats being faced by CEX? Centralized Exchanges are facing a...

The Magnificent Seven: QNT, AMP, FTM, TFUEL, WAVES, SHIB, THETA— Biggest Gainers from June 11th to June 18th

7 hours ago 2 minute read 0 comments pheonixdown-dee

In this article, I will take a look at the seven altcoins that increased the most over the past seven days (June 11th - June 18th). Note these are top gainers in top 100, there are other projects that have gained more that have smaller market caps. ...

Why I No Longer Buy Bitcoin

8 hours ago 2 minute read 3 comments Sapphire

By Design What if I told you that I no longer buy Bitcoin and that I had been working towards this for a very long time. You would most likely be confused, reasoning how I could be working at not doing something? It sounds like a contradiction in ter...

Polygon Yield Farming

9 hours ago 1 minute read 4 comments HKMan

DeFi has come to Polygon in a big way. New Yield Aggregators spring up every day and more and people are jumping on the opportunity. Polygon makes DeFi especially attractive due to its low fees. The fact that it's also early in the game also means th...

Price analysis 19, June Bitcoin, ethereum, litecoin, XRP and BCH

9 hours ago 1 minute read 1 comment haidernasir

Bitcoin, ethereum, litecoin, XRP and BCH is on a downtrend. Here a price analysis of five cryptocurrencies. Bitcoin/USD Bitcoin is at $35,950.93 at 1:29 PM GMT, with a loss of -5.23% in the past 24 hours. Bitcoin with its 24 hours high will set its r...

WenLambo Connects Fans and Celebrities in New Ways

11 hours ago 4 minute read 0 comments Crypto Adventure

Imagine if you could connect with your favorite artists, celebrities, and influencers on a more personal level. The developers behind WenLambo believe they have found out how to accomplish this task through the integration of blockchain technology. S...

A Universal Opening, UMA...The Beginning of a Whole

12 hours ago 2 minute read 0 comments alquimista1501

Definitely Decentralized Finance (DeFi's) are the way to the future, they are that digital terrain that is being prepared to build a defense that will help us against all that aberration of debt that is being created and growing around us. This is no...

Autoshark - Yield Optimizer - Huge APY with BSW Staking

13 hours ago 2 minute read 0 comments FrMkII

What Is AutoShark? Autoshark is a yield optimizer on the Binance Smart Chain (BSC), for Automatic Liquidity Acquisition Farms and AMMs.  It has been forked from PancakeBunny, and offers many different staking and farming pools. Wasn't AutoShark compr...