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.


US Anti-Encryption Bill Forces Companies To Build Security Holes In Apps/Hardware, and Some Effects Will Spill Over To The Crypto World...

12 Oct 2020 1 minute read 0 comments The Global Crypto Press Association

  It's so strange how both parties seem to magically come together for the worst things. But apparently nothing unites a usually broken system more than when they need to vote on going to war, or to step on the right of citizens with bills like...

The ideal DeFi Ecosystem for the future

12 Oct 2020 1 minute read 1 comment Blindworld

WHAT IS DeFi? DeFi or Decentralized finance is an alternative for the conventional financial system which is known as CeFi or Centralized Finance. The ide of DeFi began to gain traction in early 2020. It is considered as the primary step for overhaul...

😱FTX’s SBF Is Short-selling? Why CREAM Votes on De-listing FTT?

12 Oct 2020 1 minute read 0 comments Dapp.com

  If you are a crypto enthusiast, you won’t be strange to Sam Bankman Fried, the CEO of the crypto derivatives exchange FTX. He is also the man who has saved SushiSwap from the storm last month. As a well-known figure in the Blockchain industry, he...

yEarn in trouble? Kirby’s gone, Andre reportedly quit, YFI lawsuit? Let’s straighten things out.

12 Oct 2020 2 minute read 2 comments GabrielHaines

There have been a lot dramatic issues that have popped up with relation to yEarn in the past few days. In this article, we will examine them one by one and see if there is cause for concern. BLUE KIRBY Once the official mascot of yEarn, the meme-hea...

NULS Bi-monthly Report for the Second Half of September 2020

12 Oct 2020 5 minute read 0 comments NULS

Technological Progress Nerve wallet was docking Metamask, and now it supports one-step operation to cross-chain transfer ETH or other ERC20 assets from the Ethereum network to NerveNetwork. NTC continues to develop the Nabox IOS version which will s...

Report Shows DeFi Transaction Volume Crossing $123B, 96% of Which is On Ethereum

12 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

A Q3 DeFi report by DappRadar published on October 7 offers some interesting insights into the state of DeFi, including some figures on the dominance of Ethereum (ETH) in the space. The major highlight from DappRadar’s report is that 96% of the $123...

The DeFi Sector May Be Down But It's Not Out!

12 Oct 2020 1 minute read 2 comments Sapphire

Don't Confuse A General Market Dip With A Bubble When you look at the altcoin market as a whole it becomes quite clear that all sectors within the altcoin space have been hit extremely hard in recent weeks. It is not only the DeFi space that has seen...

Effects of Blockchain on Our Daily Lives

12 Oct 2020 2 minute read 0 comments ridertiger

Blockchain is said to be affecting our daily lives, but isn't it for computer and finance people? With the blockchain industry on the rise, we look forward to an entirely different perspective on not only the financial world but in many aspects of o...

Investors are Raising Funds Against YFI Founder Cronje for EMN Incident

12 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

Several investors in Andre Cronje’s Eminence.finance (EMN) project are raising funds to file a lawsuit against him, according to a blog post by said group. The group, which has posted on Medium under "Eminence Investigation", is raising funds to fil...

CELSIUS project Alex Mashinsky - one of the Best and Transparent NEW Economic Model - KAVA HARVEST, DeFi, Decentralized Finance, and Centralized Finance

12 Oct 2020 2 minute read 2 comments Digital Asset Culture - YouTube Channel - France

1) New economic Model of Celsius and Kava :  Recently, when I analyzed deeper the Kava Project and Alex Mashinski Celsius Project, I realized that this is one of the greatest projects and that, in particular, the economic model behind their propositi...