13,751 Articles 326 Followers

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.

Happy B'day Uniswap!

3 Nov 2020 1 minute read 0 comments xyzashu

Yeah, I'm a day late to express my birthday wishes to Uniswap, nevertheless I'd like to wish Uniswap a happening third year ahead!   I'd like to give credit to Uniswap for the undying DeFi and AMM craze in the crypto world. Thanks to DeFi craze, t...

Are DeFi protocols really safe?

3 Nov 2020 1 minute read 0 comments Cryptofab

You might have some coins on Pancakeswap, and as the Cake has decreased, you have looked for other DeFi protocols and found out that some of them offer more lucrative yield farming rewards. However... How safe are they? These sites could help you: h...

UNI Struggles to Find Support After Breakdown (TA - 3rd of November)

3 Nov 2020 1 minute read 0 comments pheonixdown-dee

The Uniswap (UNI) price has broken down from a crucial support level and has been falling since. While the price has shown some preliminary bullish reversal signs, it hasn’t yet been confirmed.   UNI Breaks Down From Support The UNI price has been...

some good mobile wallets

3 Nov 2020 4 minute read 2 comments whattheclap

I like crypto. Who doesn't? It's a cool way to own money and with so many dApps, using that crypto is a blast. The wallet you use for storing your crypto plays an important part in how easily you use your money. Here's a list of some crypto wallets t...

Bankroll - All 21 Million BNKR Have Now Been Mined!

3 Nov 2020 1 minute read 0 comments Sapphire

BNKR Hits Maximum Supply After a period of 452 days, all BNKR tokens are now in circulation and mining is now complete. The BNKR price continues to hold at 14 TRX after experiencing a blow off top at approximately 29 TRX during the first week of Octo...

FARM, Plants, Zombies and something else

3 Nov 2020 2 minute read 1 comment alquimista1501

I'm honest, whenever they talk to me about FARM, I can't help but think about the game Plants vs Zoobies, maybe it is due to the fact of relating vegetables or because of its strange combination of involving two types of totally bizarre protagonists...

Crypto and online gaming - Axie Infinity

3 Nov 2020 1 minute read 0 comments Dennis76

Hi there everyone, Crypto is becoming an important part of online gaming. Axie Infinity is a great example. You need Ethereum so you can purchase characters on Axie Infinity. This video game is getting very popular and uses Ethereum plus its own asse...

Full List of Maker's Collateral Tokens & Assets

3 Nov 2020 4 minute read 4 comments D3F1

MakerDAO is the governance body behind the DAI stablecoin. Users utilize the Maker protocol to take out loans in DAI by depositing collateral into the protocol. The mechanism behind the protocol is what ensures that the loans don’t default and leads...

Equilibrium Creative Contest

3 Nov 2020 2 minute read 6 comments Equilibrium

💥WINNERS💥 Best meme @smithbackwo @borchikmorchikkk @Serqei2408 @tlqhn38 @memeneverdies @Putrizenisa @femi_yoghurt @femi_yoghurt @PRYNXXWISDOM @PRYNXXWISDOM Best GIF @vvakylovneakyl @Serqei2408 @tlqhn38 @MiguelCe @linazak3 @VASpace @bessys @RichardAK ...

Dharma Allows Users to Trade on Uniswap Via Bank Account

3 Nov 2020 1 minute read 2 comments Abhimanyu Krishnan

DeFi on-ramp platform Dharma announced on November 2 that its US users can now purchase assets on Uniswap directly via their bank accounts. Users can buy up to $25,000 of any asset on Uniswap Users will only need to download the Dharma app and conne...