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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.

Nimiq - The Most Famous Unknown Cryptocurrency

23 Nov 2020 2 minute read 0 comments Zirbo

There are so many cryptocurrencies out there today, and it can be hard to figure out what is undervalued or a good opportunity. I recently discovered Nimiq, but when I tried to search for Nimiq on Publish0x, I only found a handful of articles. In thi...

WAVES moves 135% High in 15 days

23 Nov 2020 1 minute read 0 comments Jw1

WAVES went 135% high :-   Waves have shown an insane growth /Uptrend in the going month in the last 20 days WAVES have risen up more than 135% and is still expected by the top analysts of cryptocurrency market to go further upwards.  So why is WAVES...

$20M Stolen from DeFi Project Pickle Finance

23 Nov 2020 1 minute read 14 comments Abhimanyu Krishnan

A hacker has stolen nearly $20 million from DeFi protocol Pickle Finance, according to an official statement on Nov. 22. The hacker had drained 19,759,355 DAI from the pDAI PickleJar (forked versions of Yearn Finance vaults) on Nov. 21  The team con...

Ready to pool some wleo!

23 Nov 2020 1 minute read 0 comments cryptomaniacsgr

Finally my leo are available and ready to get pooled on the wleo-eth liquidity pool. Since i have already wrapped them I'm just waiting for Ethereum gas fees to chill a bit because it's quite high for the moment, when that happens around 800 will be...

Unleashing The Potentials of DeFi: UniLend vs Uniswap

23 Nov 2020 4 minute read 1 comment Immanuel Somto

  The World is getting more decentralized by the day, from economies seeking decentralization to companies embracing this system of governance. The perks of decentralization are out of this world and they can be seen in Decentralized Finance projects...

Breaking: China Construction Bank Withdraws Proposal for Listing $3Billion Blockchain Bond

23 Nov 2020 1 minute read 0 comments Googler

Prashant k Jha - the author from CoinGape portal in his new article says that *China Construction Bank which made headlines a couple of weeks ago after it announced its plan to list $3 billion in blockchain bonds has now withdrawn its proposal after...

Ethereum's top 10 Dapps per monthly users

23 Nov 2020 1 minute read 0 comments MakeItReal

Hello Hodlers! Today I would like to update you about the Decentralized Apps running on Ethereum blockchain that have recorded the highest number of active users in the last month. According to DappRadar, the leading source for Decentralized App (Dap...

Harvest Finance and the Harsh Winter

23 Nov 2020 2 minute read 4 comments Steven_BA

Hello guys,  Another round of the Creativity Contest. What does it mean? Another article about Harvest Finance.  Since I've heard for the first time about Harvest.Finance, the subject continued to be worth to follow. I did research, I asked friends a...

Polkadot Roadmap (Crypto-Picks)

23 Nov 2020 1 minute read 2 comments Goodsoul

It is hard to find a Polkadot timeline or a Roadmap, that is why I researched on the official pages and am quoting MyQuestion was, what are the next upcoming features or releases for DOT? Or what's the next big thing for DOT and whe...

Wise Staking 10% Extra using link

23 Nov 2020 1 minute read 0 comments SpiritRiderTV

Wise Staking  smartest way to earn  Hello everyone.  Here is a link to receive 10% extra when making a reservation and 10% extra when staking. So your need to act quick,  about 40...