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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.

Why renBTC is such a Big Deal for Ethereum?

5 Nov 2020 4 minute read 8 comments DrBreakThru

On May 22, 2020, renBTC – a 1:1 ERC-20 token representation of Bitcoin (BTC) – went live on the Ethereum mainnet. Since its launch, the total number of renBTC that has been bridged from Bitcoin to Ethereum has experienced exponential growth. At the t...

The Latest News in Cryptocurrency Developments: November 4th 2020

5 Nov 2020 1 minute read 0 comments coinpass Global

The DeFi Boom Cools In 2020 we have seen the DeFi market bloom. The DeFi market cap went beyond 11 billion this year, causing Ethereum gas prices to surge dramatically. It's been made apparent that the DeFi movement is cooling, as we witness a decli...

Farmers Conquering The World (2066)

5 Nov 2020 2 minute read 8 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

"𝕐𝕖𝕒𝕣: 𝟚𝟘𝟟𝟘" (a father who tells his son about the battles between farmers and banks)   About 50 years ago (in 2020) the great debate was between 𝙩𝙧𝙖𝙙𝙞𝙩𝙞𝙤𝙣𝙖𝙡 𝙛𝙞𝙣𝙖𝙣𝙘𝙚 (understood as 🅱🅰🅽🅺🆂) and 𝙙𝙚𝙘𝙚𝙣𝙩𝙧𝙖𝙡𝙞𝙯𝙚𝙙 (token and crypto). There were skeptical peo...

A Human-Centric DeFi Ecosystem is Possible

5 Nov 2020 2 minute read 2 comments æternity

The Human DeFi Hackathon will explore DeFi solutions aimed at bringing advanced financial services to people — not only generating profit.  DeFi, or decentralized finance, is a term used to refer to the application of blockchain technology in disrup...

Decentralized Oracle Platform Razor Network Raises $3.7 million from Alameda Research and Others

5 Nov 2020 1 minute read 3 comments Abhimanyu Krishnan

Decentralized oracle platform Razor Network has raised $3.7 million in a seed funding round, according to an announcement made on Nov. 4. Investors include NGC Ventures, Alameda Research, Spark Digital Capital and private investors including Mariano...

CageChain Newsletter #133 | DeFi Decline, Crypto Exchanges Join Forces Against Human Trafficking, Kenya to Use Blockchain Against Corruption, Governance Tools and More...

5 Nov 2020 1 minute read 0 comments KHubbard

DeFi is on the decline and gas fees are also decreasing as volume is beginning to normalize on the Ethereum blockchain.  According to Coindesk, miners' income from processing transactions on the Ethereum blockchain more than halved in October as the...

Is DeFi really decentralized?

5 Nov 2020 1 minute read 0 comments Simplify Crypto

The protocol is decentralized, but what about its governance? A scientific article was published by Monday Capital in conjunction with Dappradar that demonstrates that most Defi projects are highly centralized. "Decentralized Governance in DeFi: Exam...

Yield farming for beginner (Harvest and my journey)

5 Nov 2020 3 minute read 2 comments Parnassius

Yield farming is the hot thing to get money with your cryptocurrency, or that's what I thought in the first moment of my adventure in the wide and intricates subject that is Defi. My first approach to the subject was simple and straightforward, follo...

The Pi Network and Mining Pi Coin With Your Smartphone

5 Nov 2020 1 minute read 0 comments WhaleTailMining

If you'd like to earn some cryptocurrency using your Smartphone, I recommend checking out the free app called Pi Network. Pi is a digital asset that may be earned by running a light weight application on your smartphone that will not compromise the p...


5 Nov 2020 1 minute read 0 comments Itech

Defi a firm in the cryptocurrency market, simply stands for decentralized finance. It is managed by the Blockchain system.  As we all know the crypto Market has grown so big that other decentralized infrastructure has grown up around it such as Bitc...