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.


Cat Garden: New App to Earn Doge and Cat Coin!

1 Aug 2020 1 minute read 1 comment andy_mandy

I was recently introduced to this new app that allows users to earn doge and its currency, Cat Coin.  At the time of this, CatCoin (CAT) is $0.00214601. Doesn't seem like much, but hey, its price may be at doge's level soon! (sidenote: now we have do...

The easiest guide to earn BTC, DOGE, LTC, BCH and DASH

1 Aug 2020 8 minute read 22 comments Roberto D.

Many people in the comments to my articles have always advised me to use CoinPot. Its operation is particular compared to other faucets in that the CoinPot.co site serves to see the aggregated earnings of all the faucets (faucets that will pay you di...

Day 2: Cheer Up, Everyone!

31 Jul 2020 1 minute read 3 comments andy_mandy

This is Article #2 on the Publish0x Challenge. However, the contents of this article won't be advice. I had a bit of a bad day today, and I felt that we should learn to cheer each other up. So here are some funny stories!   A man buys a lie detector...

🔥 Coinbase continues to explore support for 19 new digital assets !

31 Jul 2020 1 minute read 15 comments Crypto_Lemon

Coinbase’s goal is to offer support for all assets that meet our technical standards and which comply with applicable laws. Over time we expect our customers around the world will have access through Coinbase platforms to at least 90% of the aggregat...

Reason AMPL crashed

31 Jul 2020 1 minute read 3 comments 528Beats

Cryytpo news outlets trying to make people believe AMPL crashed because thats the way AMPL is designed, no that was abnormal activity.Thx to Shitcoin Minimalist we have the real reason.Ecosystem fund dumped 15 to 20 million AMPL on Kucoin and Bitfine...

MANA Approved as Collateral in Maker Protocol

31 Jul 2020 1 minute read 4 comments Abhimanyu Krishnan

The Maker (MKR) governance community has approved Decentraland (MANA) as collateral for generating DAI, as revealed in a blog post that was held on July 28. The proposal was passed at 7:30 UTC on July 28. Maker has made several tokens as supported c...

Executive Vote: Lower the USDC-A Liquidation Ratio and Approve a New Gitcoin Light Feed Key

30 Jul 2020 1 minute read 3 comments MakerDAO

The Maker Foundation Governance Facilitator has placed an Executive Vote into the voting system, which will enable the community to lower the USDC-A Liquidation ratio and approve a new Gitcoin light feed key: Lower the USDC-A Liquidation Ratio to 11...

My Ampleforth Strategy!

30 Jul 2020 2 minute read 24 comments Sapphire

Price Actually Does Matter Ever since Ampleforth started to zoom up the rankings on Coinmarketcap.com, one would often hear the narrative of "marketcap relevance being superior to price". To the point where price is often seen as completely irrelevan...

Goldmint.io - Trade Gold Under Ethereum Blockchain

30 Jul 2020 1 minute read 0 comments LiteLiger

  Goldmint.io - Trade Gold Under Ethereum Blockchain GoldMint Company is a global network of Custody Bot terminals, both proprietary and franchised. Terminals are designed to implement the exchange of physical gold to local fiat currency or GOLD cry...

🔥What Is $YFI (up 251% /7 days)? And The Value Of Yearn.finance?

30 Jul 2020 3 minute read 1 comment Dapp.com

$YFI, the token of yearn.finance, price went up from $34 to $4,915 (ATH). Up 251% in the past 7 days. 18th July, a DeFi yield aggregator yearn.finance released its token $YFI. As mentioned by the team, there is no pre-mine, no sale of $YFI. Even for...