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.


What's going on with Crypto.com and the CRO cryptocurrency?

11 Nov 2020 1 minute read 4 comments Zirbo

Crypto.com has gone through some big changes! The company, famous for it's crypto debit cards and app, where users can stake, buy and, exchange cryptocurrency, is also the developer of the CRO cryptocurrency. The cryptocurrency has recently taken a b...

The DeFi Sector Suffered From Nearly $100 Million In Hacker Attacks In 2020

11 Nov 2020 1 minute read 0 comments CryptoBrowser

The Lack Of Regulations Combined With A Low Level Of Security Are The Main Reasons Behind Hackers Attacks Hackers in the DeFi sector have been increasing their efforts in 2020, as the sector gained much-needed traction and recognition. According to...

Harvest Finance is Set to Make a Great Comeback

11 Nov 2020 3 minute read 3 comments paulOf91

Hey, hey, hey, hey… how are my fellow DeFi Degens doing today? It’s Chad here, and today I have something incredibly important to share with you all.  So grab a beer and get comfortable. I’m about to make your day. Harvest Finance is set to make a hu...

CoinDCX of India Facilitates Their Users to the ETH 2.0 Staking.

11 Nov 2020 1 minute read 0 comments Beren

It is a hot trend for the conversion of ETH old mechanism (POW) to a new mechanism (POS). The movement of funds as of now makes us to pay a little bit more hopes to enable the first block of ETH 2.0 as of scheduled date. Although it may not to be eas...

Value Multistables Vault

11 Nov 2020 2 minute read 6 comments Value Liquidity

Summary New MultiStables Vault of ValueDeFi could absorb 100mil$ TVL with only 14% decrease in profit, an 34% improvement over other vaults. Auto-reinvest feature is included to squeeze out maximum additional yield Multiple strategies are calculated...

Vitalik Buterin is ready to stake 3,200 ETH in Ethereum 2.0 blockchain

11 Nov 2020 1 minute read 0 comments MakeItReal

According to Etherscan (the tracking platform of the Ethereum blockchain), the Ethereum address belonging to Vitalik Buterin (VB2) has sent 100 transactions for 32 Ether each to the Deposit Contract Address designed to stake Ethereum when the mainnet...

Why Middle Class Investors Should Reject Ethereum 2.0 (For Now)

11 Nov 2020 2 minute read 1 comment AlucardLife

$22.5 million in staked ether within a week of the Ethereum 2.0 deposit contract opening may seem like a lot to those who aren't familiar with crypto. For those of us who have been here a while, this number is a warning sign. The crypto world has bee...

OpenDAO Cashboxes - Limit orders on DeFi!

11 Nov 2020 1 minute read 0 comments psy

OpenDAO.io have invented a new way of trading on DeFi, which functions like limit orders on an exchange, and removes the risk of impermanent loss that comes with DeFi liquidity pools. Let's break it down! Cashboxes, as they call them, can be created...

AAVE ...

11 Nov 2020 2 minute read 1 comment Nas.A

  AAVE ...        Aave ( AAVE ) is a transparent and open source DEFI (Decentralized Finance) project on the Etheruem blockchain network in 2017. As Aave ( AAVE ) DeFi, it can lend its users decentralized, without intermediaries and with fixed intere...

🎉Layer 2 Is Real. Dapp.com Adds Matic Tracking

11 Nov 2020 2 minute read 3 comments Dapp.com

We are thrilled to announce that Dapp.com has officially added Matic Ecosystem to our platform as the 18th blockchain we support. Over 30 dapps who are already live on the mainnet could be discovered in the Matic Dapp List. Additional integration be...