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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.

A Comprehensive Guide to Yield Farming vs. Staking in Cryptocurrencies

4 hours ago 1 minute read 0 comments ReHold

  In the rapidly evolving cryptocurrency world, innovations are constantly introduced, enhancing user engagement and earning potential. Among these innovations are yield farming and staking, which offer investors opportunities beyond mere HODLing of...

Polygon DeFi

9 hours ago 1 minute read 0 comments mrnknb13

Polygon, formerly known as Matic Network, is a layer-2 scaling solution for the Ethereum blockchain that aims to improve its scalability and usability. While it's not a specific DeFi project, Polygon has played a significant role in the expansion of...

Earn Crypto While You Sleep - The Best Passive Income Strategies for 2023

11 hours ago 1 minute read 1 comment Cryptofab

  This post was first published on Medium. Follow me also on Medium by clicking here to get more insights on crypto and passive income. I've been in the crypto game for a few years now, and I've learned a lot about how to earn passive income with c...

Will Ethereum Rollups Become Crazy Profitable in the Next Bull Run?

13 hours ago 4 minute read 1 comment Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

Goldfinch & TrueFi - leading RWA protocols

16 hours ago 1 minute read 1 comment fmiren

Goldfinch protocol Goldfinch aims to create a global credit marketplace where anyone can originate a loan. The process begins with the Borrowers proposing deal terms for credit lines called Borrower Pools which are smart contracts containing informa...

Pig Butchering: The Scam That Destroys The Minds And Souls Of Its Victims.

19 hours ago 3 minute read 6 comments CryptoEntrepreneurs

Can you imagine that one day you receive a message from someone who claims to be your partner, your friend, your family member or your favorite influencer and asks you to invest in a cryptocurrency platform that will make you rich in a short time? Ca...


23 hours ago 4 minute read 0 comments YPtK7

We are ultimately headed towards a day that is on the near horizon when credit card transactions will be on the blockchain. But the blockchain-based gaming sector is a vast market with the potential in the next few years to become a multi-billion dol...

Bitcoin and crypto markets are stuck

26 Sep 2023 2 minute read 2 comments Suerte Panda

Bitcoin and crypto markets are stuck Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!) I like big butts and I can not lie You other brothers can't deny That when a girl walks in with an itty bi...

ReHold is Now Live on Base

26 Sep 2023 1 minute read 0 comments ReHold

In our quest to offer optimal solutions and avenues for our users, we are proud to announce that ReHold has been successfully deployed on Base. Diving Deep into Base A product incubated within the renowned Coinbase ecosystem, Base stands as an Ether...

GMX trading with Etherspot - Easy as ABC

26 Sep 2023 1 minute read 1 comment Pillar

In this video our DevRel Taylor walks us through the GMX Etherspot integration, we see how easy it is to use a smart contract wallet to batch together transactions and create a much richer user experience. GMX is a decentralized spot and perpetual e...