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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.

SCAM ALERT: $PAID Network Mints Free Tokens to Ivan on Tech?

26 Jan 2021 2 minute read 4 comments AlucardLife

WarOnRugs, a channel dedicated to preventing unethical behavior in the crypto space, recently found that newly dropped token from $PAID Network was at a high risk of rugpulling. WoR found that the dev had left a backdoor in the contract that allowed...

Big Rise for Defi

25 Jan 2021 1 minute read 1 comment Official Okex

Bitcoin Recovers and a Meteoric Rise for Defi While Bitcoin has turned the crypto market fearful the opposite happened in the Defi market. Uniswap broke 12 USD Sushi broke 10 USD Link hit 25 USD There is now a total value of 26.57 Billion USD locke...

Cocos (Main) Twitter Airdrop

25 Jan 2021 1 minute read 0 comments zhephoi

The Cocos-BCX main twitter account ( is currently running an airdrop which is currently pinned on their timeline. The activity began last 22nd of January 2021 and will end on this coming 28th of January 2021. There a...

Ethereum Breaks All Time High: Ether ATH, Janet Yellen Yellin' About Bitcoin, Stake DAO Airdrop

25 Jan 2021 2 minute read 0 comments CPix

The “Flippening” ETH/BTC Target Flippening Price of 0.1627 BTC = 1 ETH Bitcoin ATH Breakout vs. USD Ethereum ATH Breakout vs. USD ETH/BTC ATH Still ~3x Away   Ethereum isn’t done yet, there are a few reasons Ether’s price will ri...

$ETH all time high!!!!!!!

25 Jan 2021 1 minute read 0 comments QueenOfCrypto

$ETH is trading at it's life time high value at I write this.It touched $1,476 gaining more than 14.20%.Source - CoindeskOther facts:1. $ETH tx count all time high.2. $ETH total fees all time high.3. $ETH transferred value all high.#ETHEREUMrally

DeFinitely 40 - The News in DeFi

24 Jan 2021 1 minute read 0 comments favicon

Stop what you're doing and check if you can claim free StakeDAO tokens! Source Join the r/YieldFarm :) Sponsor's Message Balanced Crypto Pie - The best of crypto in one token. Get exposure to a vast selection of crypto projects at the convenience of...

Claim airdrop 600$

24 Jan 2021 1 minute read 0 comments cryptage9

  Hello, today this is not going to be an article but a news that can be very interesting for you, it can make you have some tokens, I myself almost missed it.   If you are using the DEFI, you may be lucky to be eligible for this airdrop. As far as...

Why balances get removed not sent to users?

24 Jan 2021 1 minute read 1 comment kingscrown

Or at least exchanged to current ones.   DAI Stablecoin Balance Removed Loopring Balance Removed   Not that its much but dolla dolla here, dolla dolla there.

YEY Bounty

23 Jan 2021 1 minute read 0 comments Freecoins24

About: YEY Bounty is live! YEY is Ethereum’s most powerful yield farming coin. YEY’s vault smart-contract executes strategies to maximize APY and reward holders. YEY Bounty is worth of 10 YEY (300$) for completing all steps, and 1 YEY for each...

What is GeoDB and how to earn GeoDB (testnet) Token using GeoCash app.

23 Jan 2021 1 minute read 0 comments arro

GeoDB is a decentralized peer 2 peer big data sharing ecosystem, which rewards anyone for the data they generate. GeoDB’s mission is to democratize the 260bn Big Data industry, building an open ecosystem in which to establish better and trusted r...