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.


Welcome to Graphene…

28 Nov 2020 2 minute read 5 comments miguelm

What is Graphene? With the potential capacity to process over 100,000 transactions per second, Graphene is a revolutionary Blockchain architecture which makes use of sharding technology and the CASPER consensus protocol. The architecture has been...

Foodblogging On Blockchain

27 Nov 2020 1 minute read 0 comments mummyrio

Food blogging is an interesting and fun niche. It also pays a lot of attention to advertisers. Food and culinary is a hot topic on internet. There are many things to talk about.    Cookpad a recipes sharing platform that is succesful attracts thousan...

My monthly income update #2 November 2020

27 Nov 2020 3 minute read 0 comments Ykretz

Hello everyone's, here I want to do a monthly overview of all my earnings through many internet platforms. For first here are my earnings from HoneyGain There is 3 ways to earn with Honey gain : Data sharing My earnings from sharing my data are $1...

ETH 2.0 Staking: the start for a new bull run?

27 Nov 2020 1 minute read 2 comments alturn

Finally the Network Status bar has filled up, at the moment when I register (November 27th, 2020) the amount deposited amounts to 793,152 ETH, much more than the 524,288 ETH needed for the launch, and is constantly growing. Attention however, even i...

A Deep Dive into Crypto.com

27 Nov 2020 8 minute read 13 comments Zirbo

If you're exploring the cryptoverse like me, at some point you will come across Crypto.com. There's no avoiding it, the ads are everywhere, and just the name alone will guide you to their website or app at some point. The company goes back a few year...

Crypto hodlings Taxation and Legal Protection from fraud: the Russian Prime Minister's proposals

27 Nov 2020 1 minute read 0 comments MakeItReal

Mikhail Mishustin, the Russian Prime Minister in office since January 2020, said yesterday (November, 26th) that Russia intends to treat cryptocurrencies as property and regulate the market. This is a link to read the official content of the meeting...

Equilibrium Integrates With StaFi For Enhanced Liquidity On Both Sides

27 Nov 2020 1 minute read 1 comment Equilibrium

Equilibrium and DeFi protocol StaFi have teamed up to make their networks and assets more fully compatible with each other. Equilibrium will add StaFi’s rTokens to its lending platform, and StaFi’s staking platform will work with Equilibrium’s EQ tok...

Demand for Decentralized Crypto Exchanges Keeps Growing in Light of Recent KuCoin and OKEx Incidents

27 Nov 2020 3 minute read 1 comment Clark Moody

Decentralization is taking on its mantle on the cryptocurrency market and is gradually ousting the last vestiges of centralization in the form of centralized exchanges. The continued growth in the prices of major cryptocurrencies on the market due to...

Best "Trade Like A pro Article" on the internet right now

27 Nov 2020 2 minute read 2 comments Hermitworldwide

I have been coming short as a trader for some years now. I needed to switch up things, leave the market for some time, study something else by letting life get me lost in its womb, as it is a womb I found that wherever I had been lead to there's bee...

12 Days Left: Why Omnifeather matters for Feathercoin?

27 Nov 2020 1 minute read 0 comments CryptoWriter

Hi, here we go with the second day of our countdown to the Omnifeather activation. If you watched the video introducing Omnifeather you have probably understood the main concepts but it might still sounds a bit abstract. It is not you, blockchain tec...