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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.

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 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...

DexToken and AMM for Reduction of Speculation and Volatility (Publish0x's Contest)

13 Oct 2020 2 minute read 8 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

The world of cryptocurrencies is constantly evolving: after Yield Farming it was the turn of NFT's and Meme tokens. Then Binance also entered the DeFi world with its Binance Smart Chain.🅳🅴🆇Token (DEXG) instead through the 𝔸𝕄𝕄 mechanism (already known...

ETHwriter: Uniswap Liquidity Mining - A Pictorial Walkthrough

13 Oct 2020 7 minute read 21 comments Thomas Wolf

Uniswap is now competing with centralized exchanges such as Coinbase, but many people are afraid to dip into the world of decentralized finance and take the same types of risks they would in centralized finance; like the lottery, you cannot win if yo...

Why does governments oppose cryptocurrency, DeFi, Stablecoins etc ???

13 Oct 2020 1 minute read 0 comments Blindworld

Recently we have seen regulators and central banks going against cryptocurrency and market decentralization today I will briefly explain why Governments around the world believe in the conventional idea of CeFi With a decentralized market, governmen...

Top Things You Should Know About Kleros (PNK)

13 Oct 2020 9 minute read 2 comments MuyAsk

Hey guys :) I’m back with another comprehensive Q&A piece, this time for the decentralized blockchain dispute resolution platform – Kleros (PNK). Kleros is a decentralized blockchain dispute resolution platform that provides fast, secure, and afforda...

Parties, Politicians and Bitcoin

12 Oct 2020 1 minute read 1 comment alquimista1501

Does the truth matter which result is more relevant for us crypto enthusiasts ???, I do not see much difference between Trump or Biden, despite the fact that they both handle very different discourses in relation to the market. Trump and his very goo...

Ethereum 2.0 will change the world

12 Oct 2020 2 minute read 2 comments ArgenDAO

Ethereum has been around for a few years now and its value has skyrocketed. This has created a lot of attention from governments who are looking to do a lot with technology. Russia, China, and Iran have all made announcements that they are exploring...