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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.

Technical Analysis: Ethereum 21/11/2020

21 Nov 2020 1 minute read 0 comments Crypto Army

Ethereum recently was able to pass a crucial price of 500$, before being able to go higher and give a push for the beginning of altseason. In this article we are going to discuss major price levels for Ethereum, resistance and support to hold. Please...

Unifi Protocol DAO (UNFI) - The ultimate DeFi solution

21 Nov 2020 2 minute read 9 comments PVMihalache

The DeFi market is expanding at a rate that is hard to quantify, creating the demand for tools and solutions to match this accelerated grow. Unifi Protocol DAO comes as a solution for DeFi product development, offering a non-custodial and interoperab...

ETH to $1000 in 2021?

21 Nov 2020 2 minute read 0 comments AlucardLife

As bitcoin reaches for its all time high of $20k, it is time to take a serious look at ether (ETH). Ether has a much longer journey to its all time high of $1392, and many investors believe it outpace bitcoin's rise because of ether's wider set of us...

10 funniest meme of the last month, have a lough!

21 Nov 2020 1 minute read 4 comments MakeItReal

Hello Hodlers, today it's saturday so I thought I'd publish a lighter type of content that can get us a laugh in this period of lockdown due to the coronavirus emergency. I chose from reddit the crypto-memes that I found funniest in the last month, I...

Beware of fake Uniswap applications

21 Nov 2020 1 minute read 2 comments ircrp

  With the recent uptake and hype around cryptocurrencies, a similar trend is being observed with crypto related scams increasingly advancing its techniques and being more clever at catching both new and intermediate users off guards. The recent repo...

Wanchain & Bitrue AMA Recap

21 Nov 2020 10 minute read 0 comments ZooKeeper

All the questions an answers to the recent AMA with the Bitrue team and community! The AMA was held on November 12th, 10:00 UTC over on the Bitrue Official Telegram channel Participants included: Jack Lu — Founder and CEO of Wanchain Li Ni — Vice Pr...

. Top 16 to 30 coins with now and all time high prices. List 2

21 Nov 2020 1 minute read 0 comments nzflyer

  Top 16 to 30 coins with now and all time high prices. List 2  16  Stellar                             $0.0908      $0.875  03 jan 2018  17  Tron                                $0.0263      $0.231  05 jan  2018  18 coin            $0.075...

Flash Loan Attacks: What are They?

21 Nov 2020 3 minute read 2 comments Cje95

Throughout the year we have seen the DeFi crazy explode but with them, a new phenomenon also began to appear. This new phenomenon was Flash loan attacks on different lending platforms. When I first read about it I was not that big in the whole lendin...

Doing a Risk Assessment on Cream.Finance

21 Nov 2020 6 minute read 4 comments AlucardLife

The reason I love crypto so much is that I get epiphanies all the time. The one I got today was about how to more properly assess risk in a project. One of the risks that traditional investors don't really have to worry about is the rugpull. This occ...

⭐ DeFi Tokens Record ⭐

21 Nov 2020 1 minute read 4 comments MISSSUAREZ

DeFi Tokens Record Triple Digit Gains As Bitcoin Price Seeks Support. As Bitcoin bulls attempt to turn $ 18,000 into support, DeFi investors are pocketing large triple-digit sums. Since reaching $ 18,476 on November 17, the price of Bitcoin has been...