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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.

THREE Days Until the Community Distribution Fund is LIVE!

8 Nov 2020 2 minute read 2 comments Deficat

We’re less than THREE days out from launching the UNIFI DeFi Community Distribution Fund – introducing 52 million tokens over 52 weeks! In 3 days time, on Tuesday 10 November 2020, UNIFI DeFi will launch the next innovative service in its suite of D...

Weekly Crypto News Roundup - 12 Stories You Should Know About (2nd of November - 8th of November)

8 Nov 2020 5 minute read 8 comments pheonixdown-dee

Every week, I will be collecting some news stories / opinion pieces that I have found to be interesting in the crypto world and condensing them down into one easily digestible article. All the article and images are taken from a news source that I li...

Weekly Round Up With Crypto Rays

8 Nov 2020 1 minute read 1 comment Venkatz

BTC Surged Almost  15%  in This Week On Nov 02, 2020 BTC is at $13670  and surged towards  $15825 on November 06, 2020 in this continuous Journey  little bit lag happened after the US election Results is officially announced a sharp decline in BTC mo...

Putting Bread on the Table: A Short Story

8 Nov 2020 10 minute read 23 comments Mynima

Introduction As can be expected from the creative folks over at Harvest Finance we've got a bit of a different challenge this time with the writing contest. To honor this I've written a short story. While creative writing isn't really one of my stren...

Is the Crypto Market Turning into a Kangaroo Market? | An in-depth look at crypto markets @ Binance Research

8 Nov 2020 1 minute read 1 comment Googler

If anyone wish the best wishes to traders and investors, that's their brokers, right? So, the best source of tips and useful content is the broker itself. Now, the bigger broker is, the better and bigger team they can form to chase information. In ou...

Road to a passive income #4

8 Nov 2020 1 minute read 0 comments PinoC00kie

If you are going to talk about making a passive income using cryptocurrency you can't ignore DeFi, so that's why this post is about a very nice and easy to use DeFi I stumbled upon. Pancakeswap, because of the outrageous gas prices of Ethereum I star...

Why Serious Crypto Investors Must Avoid Lvl. 2 Shill Mages Like Elliotrades

8 Nov 2020 3 minute read 1 comment AlucardLife

DYOR. It's the first phrase any new crypto investor should learn and take to heart. Spend more than a few days in the space, and you'll hear it enough to brand it into your psyche. Avoid its sage wisdom, and you'll learn it the hard way. Do Your Own...

EQUILIBRIUM: Expanding the DeFI Horizons!

8 Nov 2020 5 minute read 4 comments SamBTC

The crypto world is totally buzzing these days with new projects popping up every other day. There is a wide variety of projects offering options like moderate but safe and stable rate of interests which are better suited. There also projects offerin...

Wall Street Trading Firm is accumulating Bitcoins & Alts

8 Nov 2020 1 minute read 4 comments ircrp

  One of the Wall Street's biggest high-frequency trading firm of Jump Trading with over 700 head count worldwide has been allegedly quietly accumulating on various Cryptocurrencies. The spotlight has been cast upon Jump Trading by a Messari Crypto r...

What is Fantom? A guide to this powerful blockchain platform.

8 Nov 2020 12 minute read 1 comment CryptoTrainee

    What is Fantom? First of all, Fantom is a product of the Fantom Foundation, an organization led by Michael Kong, CEO/CIO, and composed of engineers, scientists, researchers, designers and entrepreneurs, distributed around the world and who have...