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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.

Stablecoin Aggregator DeFiDollar Launches Liquidity Mining Incentives and Retroactive Rewards

12 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

Stablecoin aggregator DeFiDollar on October 10 announced the launch of a liquidity mining incentive program, as well as retroactive rewards for its governance token DFD. DeFi Dollar’s liquidity mining incentive lets users earn DFD for the DUSD/USDC...

DEXToken Protocol Is A Complex DeFi Ecosystem Powered By A Speculative Automated Market Maker

12 Oct 2020 5 minute read 15 comments Cryptonator`s

The Decentralized Finance space is developing extremely fast. We are seeing many different DeFi projects, that are disrupting traditional financial products right now. This makes DeFi such a hot topic. Not all of these DeFi projects are the same, som...

The Future of Cryptocurrency: The Potential Impact of NFTs

12 Oct 2020 4 minute read 0 comments ArgenDAO

Innovative Uses for NFTs   There are many uses for NFTs beyond cryptocurrency exchanges. There are already applications that allow users to trade physical items such as collectible figurines or artwork. There are even apps that let you buy and sell r...

LEND Migration, AMPL & BAL Liquidity Pools

12 Oct 2020 3 minute read 2 comments Cryptoonestop

Twitter | Facebook | Reddit | YouTube | LBRY | Patreon | Store Front Disclaimer: Nothing in this report constitutes investment advice—I am just reporting on my accounts and its progress on each platform. You should not use this report to make financ...

WLeo was Hacked My Thoughts and Opinions

12 Oct 2020 4 minute read 0 comments gniksivart

  To be honest, I was debating this morning if I even write something or comment about what was going on, after all, I didn't have any facts and it's just my opinion. I can't believe some of the negativity I've seen, however. Most if not all of it ha...

DEXToken Protocol- unveiling a new era of finance #DEXTokenDeFined

12 Oct 2020 5 minute read 4 comments Blindworld

In 2009 when Satoshi Nakamoto mined the genesis block of Bitcoin we never thought that it will lead to a revolution. In countries like India digital banking was still in the developmental phase. People paid in cash, lets say they were in love with th...

Lattice will be an evolution of existing DeFi

12 Oct 2020 1 minute read 0 comments Zulus

Lattice is a unique and modernized app that is built using Ethereum for Decentralized Finance (DeFi). The platform is designed for cryptoasset trading and promotes lucrative financial offers. It uses advanced Constellation Hypergraph Technology (HGTP...

Crypto stronger than gold: they are the best assets of 2020

11 Oct 2020 2 minute read 4 comments Roberto D.

The yields of cryptocurrencies have even surpassed those of gold in 2020. Are they the best asset to invest in? The yields of digital currencies this year exceeded those of stocks, bonds, commodities and gold itself, the ultimate safe haven asset, wh...

DEFI - thoughts and predictions

11 Oct 2020 2 minute read 1 comment Heruvim78

Kraken is now the first cryptocurrency company to become a bank. Being an officially chartered bank, Kraken does not need to deal with state-by-state compliance. This is only the start of the trend, and more probably 5 years from now the younger gene...

Less known Tron TRX Yield Farming and Stake DeFi ? ZFI TTH BNKR STRHLD T2X GOLD GFI

11 Oct 2020 1 minute read 0 comments kingscrown

    See yield farming on TRON TRX on places that get popularity and have been checked by me with 3000% APYGold Mine - DeFi TEgsCcJbCuZu2RXPZBwRT8icnDp9ayGnkv&mine=secondShark Dice