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.


Centralization Versus Decentralization

14 Oct 2020 2 minute read 9 comments Scott Cunningham

Centralized systems offer speed, convenience, and power while decentralized systems offer freedom, privacy, shared governance, true ownership, and much more. You can make the case for either, so let’s break it down. Centralization is defined as “the...

Zilliqa (ZIL) looks very good for great gains on the weekly chart and ZIL enters the DeFi market !

14 Oct 2020 2 minute read 18 comments Djordi

Hi everyone, In this post I want to talk about Zilliqa and some technical analysis that goes with it. Zilliqa is an interesting smart contract project that uses the technique “sharding”. They were one of the first, if not the first to launch their m...

Binance Smart Chain Accelerator FUND

14 Oct 2020 1 minute read 0 comments Venkatz

    Binance Smart Chain  In September 2020, Binance Launched its Smart Chain Mainnet  it is compatible with Ethereum Virtual Machine. works at speed of  3 seconds per block time and the fee is cheapest when compared to ETH at the moment. Binance Ann...

Defi and Yield Farm with OKEx

14 Oct 2020 1 minute read 0 comments Buzzbeeg

Let's Farm Some Crypto Everyone knows that yield farming and Defi is hot! The real question is what is an easy way to go about it; especially if you are a beginner. I found an exchange called OKEx that makes yield farming easy. They have something c...

NFTs Take on DeFi: Crypto Market Report Sep 2020

14 Oct 2020 2 minute read 1 comment Interdax

  NFTs gain attention and traction as the DeFi hype takes a breather in September. NFTs Round Up Interest in Non-Fungible Tokens (NFTs) gained ground in September as a crossover between yield farming and NFTs emerged. NFTs were initially made popul...

Hodling Your 1UP Tokens May Be Your Best Bet

14 Oct 2020 1 minute read 1 comment Sapphire

Selling At Low Levels Just destroys Token Value If you are creating content on Uptrennd then it makes sense that you want the value of the 1UP token to increase and maintain stability. Nobody wants to be rewarded in a currency or token that has littl...

Alpha Homora — 3x Uni Yields (WARNING: HIGH RISK)

14 Oct 2020 3 minute read 0 comments GabrielHaines

Right out of the gate we want to make it clear, this is a risky venture with high risks and correspondingly high rewards. It involves both lending and a risk of liquidation so be sure you understand the risks. For some quick background, we’ll be look...

Last Chance For $50 Bonus. CRO Token Value & All the Reasons Why

14 Oct 2020 2 minute read 0 comments BlueSkyCrypto

As of November 1st Crypto.com will be changing the Bonus structure for new members. As of right now, if you download the Crypto.com app you can earn yourself an extra $50.00 for staking CRO coin, which is Crypto.com's Utility token. Not only will you...

How To Guarantee Massive Gains In Crypto Bull Cycles

14 Oct 2020 2 minute read 1 comment Sapphire

Skin In The Game So many People jumped on the "Crazy Gains" bandwagon back in 2017 in the hopes of multiplying their investments exponentially. What actually transpired was quite the opposite, with many newbies losing more than their shirts! The sudd...

DEXTokenDeFined simple explanation

14 Oct 2020 1 minute read 6 comments Andre33

What is Dextoken protocol? “The Dextoken protocol uses Speculative AMM to ensure token pool liquidity and benefit DEXG token holders by rewarding them a portion of the transaction fee.” So what is that mean at all? Let’s explain it word by word; AMM,...