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.


$100M in Bitcoin Moved to Ethereum in July

3 Aug 2020 1 minute read 0 comments kingscrown

Since we now have WBTC (which can be used in apps) and USDT moved to ETH too from Omni BTC seems BTC volumes on the chain may slow down even more soon ie due to DeFi - https://fuk.io/best-bitcoin-lending-sites-btc-loans-lend-cryptocurrency/ ETH Top1...

A Comprehensive Guide to Uniswap

3 Aug 2020 5 minute read 7 comments Violet64

Welcome to my new series “A Comprehensive Guide to” where each time I cover a new topic in-depth while trying to keep things simple.   What is Uniswap and what are its goals? Uniswap is a DEX (Decentralised Exchange) based on the Ethereum blockchain...

New Record in DeFi: Total Locked Value Reached 4 Billion Dollars!

2 Aug 2020 1 minute read 0 comments Tarum Zignec

The decentralized finance (DeFi) industry continues to grow rapidly. According to the data of DefiPulse.com, the total value locked in DeFi reached $ 4 billion. DeFi markets are markets where blockchain, digital assets and smart contracts are used in...

The rise of DEX exchanges.

2 Aug 2020 1 minute read 1 comment alberdioni8406

Decentralized exchanges have been registering astonishing volume transactions, justified by the rise on the Ethereum asset, climbing high to reach $400 per unit, also with the good environment caused by DeFi (decentralized finances), which are taking...

⭐Crypto~Cartoon of Jeff Kirdeikis⭐ CEO TrustSwap

2 Aug 2020 1 minute read 0 comments jeninacrypto

Hi Cryptofriends!🤝 This time I cartoonized the great Crypto☆Star Jeff Kirdeikis, CEO at TrustSwap ~Trusted Transactions on the Ethereum Blockchain! 🔝 🖼 This cryptoart is avalailable as an unique NFT on Makersplacehttps://makersplace.com/jeninacryp...

Nexo.io & Sparta.akropolis.io symbiotic relationship

2 Aug 2020 3 minute read 0 comments Leverage

Hello and welcome, In this article I will explore an opportunity to utilize the Nexo and Sparta platforms to balance exposure to asset appreciation with the cost of still having the access to their underlying value. I have also provided opportunities...

Bitcoin & Ethereum Plunge within Minutes Today ; Coinbase to Consider adding Some DeFi based Tokens.

2 Aug 2020 1 minute read 0 comments LinkStar

Today Bitcoin price crashed to a low of about $10,550 USD within minutes from the $12,000 USD thus liquidating $1Billion worth of futures contract. While Bitcoin was down by 13%, Ethereum plunged to a 21% low today with price crashing from $417 to $3...

🗞 Daily Crypto News, August, 2nd 💰

2 Aug 2020 4 minute read 1 comment Crypto_Lemon

$1 Billion Liquidated as Bitcoin Price Crashes by $1.4K in Minutes; Decentralized Exchange Volumes Rose 174% in July, Topping $4.3B and Setting Second Straight Record; 3 Reasons Why Ethereum Price Rallied 75% to Hit a 2-Year High at $400; Accused of...

Crypto Games Are the Next Level of Gaming Part #1 CSC

2 Aug 2020 4 minute read 0 comments EcosystemNetwork.io

Everyone knows how the blockchain is revolutionizing the world. The biggest thing it provides when it’s a public chain is accountability and authenticity. Currently the world is moving towards converting all finacinces and other important sectors of...

Ampleforth Update - As AMPL Violently Bounces Back Above $1

1 Aug 2020 1 minute read 5 comments Sapphire

A Day Of Carnage Yesterday we saw Ampleforth get absolutely decimated in a bloodbath that left the AMPL price crushed at $0.62! There is a fair amount of speculation regarding the actual cause of the sell-off but it is most likely just the sell press...