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.


Stay Safe Out There, Horde - 10 Security Tips for Crypto

15 May 2022 4 minute read 2 comments RugZombie Undertaker

A few tips to keep your digital assets safe by avoiding Social Engineering. When RugZombie started, the DeFi world was plagued by security incidents, mostly of the rug-pull variety. Unfortunately, it seems the world has barely changed, with the...

You Probably Didn't Realize Just How Much Bitcoin's (BTC) Lightning Network Has Going On...

3 May 2022 3 minute read 1 comment Michael @ CryptoEQ

If you want more cryptocurrency analysis including full-length research reports, trading signals, and social media sentiment analysis, use the code "Publish0x" when subscribing to CryptoEQ.io to make your first month of CryptoEQ just $10! Or simply c...

Centralized exchanges are crushing DEXes

25 Apr 2022 4 minute read 6 comments Dzoelx

Source Swapping your assets right from your personal wallet is a cool experience. You’d want to repeat the process; especially when the transaction fees are not ridiculous and the blockchain isn’t jammed up. Decentralized exchanges are fun to use. To...

DeFi Chad Journal: The 2021 Harvest and the 2022 Sowing

7 May 2022 2 minute read 4 comments PVMihalache

I become a humble farmer on the 20th of September 2020, when I participated to the 1st Creativity Contest with some dunk memes! Fast forward to 2021 and I already had a nice bag of $FARM staked in the auto-compounding pool. Now that I think about it...

What Is DeFi in Crypto? Is Decentralized Finance the Future?

5 May 2022 4 minute read 8 comments StealthEX

What is DeFi in crypto world? In cryptocurrency, DeFi means decentralized finance. What is decentralized finance? It’s an umbrella term that engulfs those cryptocurrency projects that are geared toward building a brand new, internet-native financial...

SmartBCH Spotlight: Absolute yield farming on Konra Ranches

18 May 2022 4 minute read 3 comments PVMihalache

DeFi on SmartBCH got more rewarding after the launch of RASTJN, as more opportunities were created for crypto savvy people. Rastjn is the Kingdom's Profit Sharing & Liquidity Machine! Hold it in your wallet to receive a share of profit additional bon...

Top Things You Should Know About Ampleforth (AMPL)

17 Jul 2020 9 minute read 362 comments MuyAsk

Hey guys :) I’m back with another comprehensive Q&A piece, this time for one of the most interesting projects in Ethereum DeFi – Ampleforth (AMPL). Ampleforth is a relatively new and unknown DeFi project with some very interesting, complex, and lucra...

Binance Launchpool - Project Galaxy ($GAL) intergalactic farming!

4 May 2022 2 minute read 16 comments PVMihalache

I was waiting for a new earing opportunity on Binance, as not much happened in 2022. We had the League of Kingdoms ($LOKA) and the STEPN ($GMT) Launchpads and nothing since March. Both were good but I was missing the Launchpool's power farming.  Move...

BCH Spotlight: The BCH Gang - NFTs for a modern community

25 Apr 2022 2 minute read 0 comments PVMihalache

The @SmartBCH ecosystem keeps expanding and new projects are making way for a modern community, where each member will contribute towards to evolution of Bitcoin Cash as a DeFi chain. TheBCHGang has the above goal and 10,000 BCH gang members NFTs are...

A Peak Under the Hood with Solana (SOL) and Proof of History (PoH)

26 Apr 2022 4 minute read 1 comment Michael @ CryptoEQ

If you want more cryptocurrency analysis including full-length research reports, trading signals, and social media sentiment analysis, use the code "Publish0x" when subscribing to CryptoEQ.io to make your first month of CryptoEQ just $10! Or simply...