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.


APY.Finance, a DeFi Yield Aggregator launches IDO in Balancer LBP

7 Nov 2020 2 minute read 1 comment AshkyKharoo

APY.Finance allows users to have a seamless yield farming experience with the best available rate for DeFi protocols (lending, liquidity pools) without a need to continuously monitor or manually transfer the funds. It's all automatic. You don’t have...

BTCwriter: The Road to 20K for Bitcoin While Altcoins and DeFi Recover

7 Nov 2020 4 minute read 6 comments Thomas Wolf

Back from the ashes yet again, Bitcoin is currently approaching the $16K mark while simultaneously, the DeFi and altcoin markets make a dramatic recovery - could the latest pumps indicate Bitcoin is near its highest value of all time?“A question that...

Market Wrap: Bitcoin Loses Steam at $15.9K; Over 600K ETH Yanked From DeFi | Daniel Cawrey @ CoinDesk

7 Nov 2020 1 minute read 1 comment Googler

Value trading and investing are the most perfect jobs that every human wishes to do forever. It's heavy to learn and start but it is not too hard. All we need is learn is read as much as we can. Books, articles, or anything... Just read. Today, Danie...

The fourth time is the Charm

7 Nov 2020 1 minute read 2 comments alquimista1501

One of the most anticipated updates at the moment, without a doubt, Etherium 2.0 (ETH) is a token that has an interesting mix of followers, many hate it, many love it, but the truth is that it is a key piece in the development of a unique ecosystem c...

Status Supports the ETH 2.0 Deposit Contract

7 Nov 2020 1 minute read 0 comments Status Community Updates

With the much anticipated upcoming launch of Eth2 phase 0, one of the key steps is for the community to decide upon a canonical deposit contract address to kickstart the genesis process. There is currently one instance of the deposit contract bytecod...

Now is the best time to build your #blockchain with #NULS

7 Nov 2020 1 minute read 0 comments NULS

We're offering individuals and businesses the opportunity to utilize NULS to build their own blockchain at no cost. Get in touch with our team today. http://factory.nuls.io What is the Chain Factory Chain Factory (factory.nuls.io) is a blockchain dev...

Ethereum prepares to end the year in a GIANT way

7 Nov 2020 1 minute read 0 comments mvictori4

ENG With the news of the ETH 2.0 launch on December 1, there is no question that the majority Ethereum community is one of the best. They have been asked to deposit and purchase ETH to speed up the process and incorporate the new staking on the arr...

Whenever crypto people will talk about Tokenomics they will surely remember WormHole For sure

6 Nov 2020 1 minute read 1 comment Cryptozeean

An amazingly draft Tokenomics with Farming + Airdrop + Burn   People have seen so many things in the crypto space so far and many projects dumped due to their lack of the knowledge to draft the Tokenomics in a smart way and the smart contract to wor...

Hidden Gems with low market cap:1. DogDefiCoin

6 Nov 2020 1 minute read 0 comments Crypto Army

In this blog we are going to discuss how to identify hidden gems, with low market cap. Our first post of Hidden gems in the DeFi Ecosystem will be about DogDefiCoin. 1. Basic Concepts DogDefiCoin is a project made on Ethereum network, verified on eth...

BlockFi vs Celsius - Unbank Yourself.

6 Nov 2020 3 minute read 8 comments Mozzie

Over the last few months I've given both BlockFi and Celsius services a trial run too see which platform I'm going to stick with since they're so similar. TLDR; BlockFi is the easiest and least confusing to use, Celsius offers more coins and the best...