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.


Uniswap: $1.94 Billion locked in Uniswap

8 minutes ago 1 minute read 0 comments Gamma

Uniswap is the most important Decentralized Finance Protocol (DeFi) in terms of total locked value of all time. This makes it the biggest decentralized exchange platform Indeed, the Unicorn Exchange has $1.94 billion in crypto in its liquidity pools...

It's time to learn about DeFi obtaining free CoinGecko's ebook "How to DeFi".

8 minutes ago 1 minute read 0 comments nikoleondas

Hello guys, the last month I have been picking up the free CoinGecko's candies almost every day. The last few days I was thinking of redeeming some of them to get "How to DeFi" ebook but I was not sure if I will find time to read it (so the candies m...

The ETH fund pool has begun to receive Sushi rewards

1 hour ago 1 minute read 0 comments PengSeung

DeFi Hotspot   1.Superswap SuperSwap will provide Gas compensation to users who report errors in the contract   According to SuperSwap Twitter, due to parameter errors in the deployment contract process, SUSHI authorization failed during the redempti...

Crypto.com Surprise 24-48hr Server Maintenance *UPDATE*

1 hour ago 1 minute read 6 comments Mozzie

Last night Crypto.com either encountered a critical bug or was hacked, It's been almost a solid 24 hours so far and this is the most recent update we have on the situation. As shown above the Crypto.com App should be functional and may be for some,...

Gas fees continue to rise, Ethereum project UniLogin is forced to shut down

1 hour ago 2 minute read 1 comment PengSeung

The popularity of DeFi and liquid mining has also triggered a surge in Ethereum gas fees, and Ethereum miners have received soft gas fees. The downside is that some Ethereum projects are unsustainable due to high gas fees.   Recently, UniLogin, the u...

Beyond Brave & BAT: The Future is Decentr & DEC

3 hours ago 7 minute read 0 comments MaddCryptoDogg

Here to Challenge the BRAVE Browser   We all have seen how the utilization of BRAVE continues to increase as adoption seeps into the realms of those outside of the cryptosphere. With minimal notable differences from the infamously popular Chrome brow...

A Complete Guide for PHNX Spot Staking dApp - Public launch Version 0.1

3 hours ago 2 minute read 0 comments PhoenixDAO (PHNX)

Hello Community, The time has come - One of our biggest milestones to-date!    Installation and Configuration:   MetaMask Installation An Ethereum Wallet in your Browser. MetaMask is an extension for accessing Ethereum enabled distributed applicatio...

Cream Finance Burns 67.5% of Tokens, Pumps 100% Shortly After

4 hours ago 1 minute read 0 comments Abhi K

Cream Finance has burned 67.5 of its 9 million CREAM token supply on September 20, as initially announced in a blog post published on September 19. The team has burnt 6.075 million of its governance token CREAM; the burnt tokens include both 100% of...

🗞 Daily Crypto News & Video, September, 21st💰

4 hours ago 6 minute read 0 comments Crypto_Lemon

Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis. Enjoy!       🗞 Bitcoin price volatility expected as 47% of BTC options expire next Friday The open interest on Bitcoin (BTC) options is just 5% short of th...

yearn.finance (YFI): a quick look

4 hours ago 3 minute read 0 comments odisseo

yearn.finance is a project that has recently caused quite a stir; the main reason is related to the price of its token (YFI) which has even managed to exceed the price of Bitcoin (BTC). Behind the speculation on the price of the token, however, there...