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.


How to use wanswap on mobile?

13 Dec 2020 1 minute read 0 comments tokenization

How to use wanswap on mobile?Hello, today I wanted to explain to you how to use wanswap on Android and iOS devices. NOW HOW TO INSTALL WANMASK EXTENSIONS ON YANDEX BROWSER Step 1: Download and install Yandex browser from the Play Store or App store....

Wanchain 5.0: WanMask Guide

13 Dec 2020 4 minute read 0 comments ZooKeeper

In this guide, we will explain how to use WanMask, the browser extension wallet on Wanchain. WanMask is a free and secure browser extension that allows web3 applications to read and interact with the Wanchain blockchain. It is almost identical to Met...

Probit AMA session with UniLend

13 Dec 2020 5 minute read 1 comment CryptoTrainee

Hi folks! ProBit TG channel (https://t.me/ProbitEnglish) hosted an AMA live session with UniLend' CEO, Chandresh Aharwar on December 11th.  ProBit and UniLend announced a partnership this month and, in addition, the launch of UniLend's Alpha is sche...

TRX and TRON - Virtual Machines, Boxes & more

12 Dec 2020 1 minute read 0 comments CryptoKraut

New to Publish0x? Register here and start earning crypto everytime you read or write an article.​ What are TRX and TRON Tron is an Advanced Decentralized Blockchain Platform. It was founded by Chinese entrepreneur Justin Sun in 2017. The TRON Founda...

Presearch the decentralized web.

12 Dec 2020 1 minute read 3 comments kharconda

  So guys this post is abut a new decentralized application called presearch. I have personally found it to be the best decentralized search engine and I am currently using it and the best part it pays you to search. What was the need of a decentrali...

What is Uniswap? An easy-to-understand guide

12 Dec 2020 6 minute read 3 comments CryptoLearn

This was originally posted on Zabo's blog. Shared here with permission from authors. Uniswap is a popular decentralized exchange for cryptocurrency. It is one of the cornerstone projects of the Ethereum and decentralized finance (DeFi) ecosystem. In...

Ethereum follows Bitcoin as an asset class | Grayscale Ethereum Trust Share Split Event

12 Dec 2020 1 minute read 4 comments Behiver

Grayscale Investments positioned itself in the cryptocurrency space as the world’s largest digital currency asset manager. Its products are available to institutional and individual accredited investors through their respective periodic and ongoing p...

Combining DeFi Yield Farming and Blockchain Gaming via Cyclops Finance

12 Dec 2020 5 minute read 0 comments insidetrader

DeFi hype lasts since the late summer of 2020 and it’s somewhat alive even though many attacks, hacks, security gaps, and many more… One of the main innovations of DeFi is to allow everyone to take part in some kind of financial activity all around t...

Will Loopring Exchange V2 take forward the L2 DeFi game?

12 Dec 2020 2 minute read 12 comments paragism

Cover Image Source Ethereum’s TPS has improved significantly in the recent time but still, it’s not equipped to handle high traffic. Ethereum 2.0 is going to address a lot of issues regarding the base layer scalability but we need to wait for a long...

Moonbeam Will Integrate Equilibrium’s Cross-Chain USD-Pegged Stablecoin

12 Dec 2020 1 minute read 1 comment Equilibrium

We’re happy to announce a meaningful partnership with Polkadot-based DeFi project Moonbeam. Moonbeam is a smart contract platform that delivers broad compatibility and support for Ethereum-based projects to extend to Polkadot. Since Moonbeam supports...