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.


OKEx News Station for 10/13/2020

13 Oct 2020 1 minute read 0 comments Official Okex

Tune into OKEx 95.9 BTC and ETH remain stagnant.  Asian stock market hit with Johnson and Johnson pausing their Covid-19 study. OM and BNT are the big altcoin gainers.  Bitcoin and Ether technical analysis  Read all about it on BTC and ETH meet re...

Staking XDai Stake with the Status App

13 Oct 2020 1 minute read 0 comments Chris24

This article intends to brings together two projects that I am excited about, and so I want to share the wealth with more of you out there. I recently learned of xDai and xDai Stake in a defi chat on the Status App, so I had to investigate. You can a...

Interdax Launches AVAX Perpetual Contract (AVAX-PERP-USDT)

13 Oct 2020 1 minute read 0 comments Interdax

Interdax is pleased to announce a continuously settled perpetual contract for Avalanche's AVAX token: AVAX-PERP-USDT.  AVAX-PERP-USDT is now available to trade with up to 100x leverage.  What is AVAX? AVAX is the capped supply native token of Avalanc...

Bitcoin : Winklevoss forecasts a Tsunami of Institutional Investors on Bitcoin - BTC to 100 000 ? (Max Keiser)

13 Oct 2020 1 minute read 0 comments Digital Asset Culture - YouTube Channel - France

A tweet has been sent by Tyler Winklevoss where he states that a Tsunami of Insitutional Investors are coming. GrayScale Ethereum , after GrayScale Bitcoin obtained the status of SEC reporting Altcoins are more and more considered by the DeFi People...

Crypto Market Resiliency Shows Increased Legitimacy; $OCEAN, $REN, $BNT, $AAVE, $GHST, $PNK

13 Oct 2020 1 minute read 0 comments Aware1

  Over the past few weeks, the crypto market has shown a new level of resiliency as events from the US President catching Covid to US authorities cracking down on BitMEX have failed to plunge cryptocurrencies back to the levels experienced during th...

Introducing: the UNIFI DeFi AMA GAUNTLET

13 Oct 2020 1 minute read 1 comment Deficat

One AMA is sweet, sure. Two AMAs are great, a beefy bonus. But what about THREE AMAs? Well, at UNIFI DeFi we like to call that…an AMA GAUNTLET. Gnarly! We’re so pumped to announce a week of exciting, thrilling, informative AMAs across three differen...

DEXToken Protocol - Building the DeFi Ecosystem - CONTEST and $350 GIVEAWAY

13 Oct 2020 1 minute read 2 comments CryptoBlonde

The Dextoken is a DeFi infrastructure that implements a brand-new speculative automated market maker (AMM) and is managed by the DEXToken Governance (DEXG). The DEXtoken protocol enables the pool liquidity and benefit DEXG token holders by rewarding...

Dextoken Protocol | Decentralizing Pricing Power with the help of Speculative AMM and Offchain Minting

13 Oct 2020 2 minute read 1 comment Jitheshwar

Decentralized Finance or DeFi in short is no doubt is the progressive future of Finance as well as the Cryptocurrency.  As of now many of us lurking around this crypto space may have realized the potential of DeFi and major breakthroughs in it. In th...

Aave Raises $25M in New Funding Round

13 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized lending protocol Aave (AAVE) has raised $25 million in a new funding round. Aave raised $25 million from investors such as Blockchain Capital, Standard Crypto, and Blockchain.com ventures, and others The project has previously raised r...

Lead Wallet — DeFi Access And Gateway To Your Blockchain Transactions

13 Oct 2020 2 minute read 0 comments ruddysg

Everybody agrees that DeFi is one of the driving forces of crypto world in 2020. Different from the previous years (2017-2019) where most people did their transactions on centralized exchanges, this year is the time where many traders have been trad...