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.


Axie Infinity Hack... What has Happened to the Stolen Funds?

28 Apr 2022 3 minute read 2 comments Cje95

On March 23rd of this year, Axie Infinity suffered one of the largest hacks in crypto history. Worth between $600 to $625 million depending on the price of Ethereum a lot of people wondered if Axie would service and what had happened to the missing f...

Making Money While Walking? (STEPN And GMT Explained)

3 May 2022 4 minute read 13 comments Krystal DeFi

With Play2Earn becoming a huge craze in crypto, STEPN has now led a new wave of innovation by introducing the Move2Earn concept. By just going for a walk or a run, you will be able to earn tokens that can be traded for USDC! Here’s a deep dive into h...

Get Deeper Insights into the Equilibrium Ecosystem!

23 Apr 2022 4 minute read 1 comment Equilibrium

DeFi has amazing potential to revolutionise the world. Countless DeFi projects have come to the fore, harnessing the power of DeFi, to offer innovative solutions to real-life challenges that users face in the space. Despite extensive market research...

How a Fantom DeGen almost "crashed" the network

10 May 2022 1 minute read 0 comments Crypto_Lemon

Hi HODLers, Today, I will shine some light on an event that happened last week on the Fantom Blockchain. There are a lot of things to learn from it (the most important one is that leverage is evil). Source Who are we talking about? This Degen goes by...

NO ONE Has More Going on Than Polygon (MATIC) Right Now...

5 May 2022 4 minute read 3 comments Michael @ CryptoEQ

If you want more cryptocurrency analysis including full-length research reports, trading signals, and social media sentiment analysis, use the code "Publish0x" when subscribing to CryptoEQ.io to make your first month of CryptoEQ just $10! Or simply...

Here's Why I Sold Off My Ethereum

28 Apr 2022 3 minute read 12 comments AnarchoCrypto

I have a confession to make: I am not rich. I haven’t made a fat pile of dough from trading, holding, or staking anything. While crypto has paid off my car and my credit card, and even built me a kickass new computer, I am still a lowly wage slave- l...

#Chat2Earn in Symbiosis communities

5 May 2022 1 minute read 8 comments Symbiosis Finance

Hello, active members of the Symbiosis community!  It's time to reward you for your involvement.  The Boom of #Move2Earn movement is cool, but it requires you to get off your sofa. How about #Chat2Earn? Wouldn't it be better to make a cup of coffee a...

The Power Of DeFi: Exploring Decentralized Finance And Major DeFi Projects

29 Apr 2022 6 minute read 5 comments Swapzone

We’re always on the lookout for the next big thing in the “bitcoin” world, and the DeFi protocol has recently received much attention. Decentralized Finance (DeFi) refers to a service that eliminates the need for a middleman when sending money from o...

Is the LUNA and UST De-peg Risk Real??

9 May 2022 3 minute read 7 comments Michael @ CryptoEQ

If you want more cryptocurrency analysis including full-length research reports, trading signals, and social media sentiment analysis, use the code "Publish0x" when subscribing to CryptoEQ.io to make your first month of CryptoEQ just $10! Or simply c...

What Most Crypto Projects Don’t Want You To Know

30 Apr 2022 3 minute read 5 comments Scott Cunningham

I’ve noticed a lot of misleading use of blockchain terms like Web3, blockchain, decentralized, metaverse, etc. The semantics of all of this needs to be discussed because I can only expect it will lead to a lot of people losing money. https://odysee....