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.


Symbiosis integrates into SafePal DApp browser

28 Jun 2022 1 minute read 2 comments Symbiosis Finance

  We are constantly working on new great collaborations with leading projects! Symbiosis is now integrating in the DApp browser of SafePal wallet that aims to make crypto secure and simple for everyone. SafePal provides hardware wallet and software w...

Don't Want to Sell Your Crypto at These Prices? Maybe Aave (AAVE) Can Help...

28 Jun 2022 5 minute read 2 comments 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...

The Merge: Everything You Need To Know

30 Jun 2022 8 minute read 4 comments Krystal DeFi

Ethereum is the largest player in the entire DeFi ecosystem, having the highest Total Value Locked (TVL) of all blockchain networks. The entire network is gearing towards its biggest change yet, which is often called The Merge. Here’s everything you...

Consensus 2022 Interview Filip Srdoc from Genius Yield Cardano Network

29 Jun 2022 1 minute read 0 comments Mamaecrypto

One of the busiest and most visited booths of the Consensus 2022 conference; that took place in Austin, Texas, was the Cardano corner. During the event, I had the opportunity to meet several technical and business developers working and building live...

SEC Investigation Status into Do Kwon and Terraform

29 Jun 2022 4 minute read 0 comments Cje95

Something that I was only aware of once I looked into it was that Do Kwon and Terraform Labs have been having legal issues for a while now. Both Kwon and Terraform Labs have been under investigation by the Securities and Exchange Commission (SEC) sin...

SuperUMAns #29 - Outcome Protocol

29 Jun 2022 3 minute read 2 comments PVMihalache

A new chapter was written in the Cryptoverse, as Outcome Protocol was launched. The protocol powered by UMA will help DAOs to generate positive outcomes. This will be achieved with the help of a top suit of tools. The future outcome of DAO tooling w...

Do You REALLY Understand Ethereum's Roadmap?? PoS, Merge, Sharding, Rollups, and More!

30 Jun 2022 5 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...

Bitcoin miners sell of all coins mined in May

29 Jun 2022 1 minute read 0 comments Patch

With the current Bear Market in effect, it is starting to take its toll on everyone. Now it has also started to affect the Bitcoin miners. Bitcoin prices are affecting everyone The current four-year low Bitcoin price is starting to take its toll on...

80,000 Bitcoin millionaires looses their millionaire status during the current Bear Market

30 Jun 2022 1 minute read 2 comments Patch

I have recently wrote about the increas in both Bitcoin wholecoiners as well as the 10k coin club who increased to 100 members. This is the other side of that coin. Bearmarkets takes its toll 80,000 wallets that where holding Bitcoin have had their...

Arbitrum Odyssey Paused: High Network Fees Impose Nitro Launch Speed-up

30 Jun 2022 1 minute read 0 comments AlpinaBG

The L2 Event Will Retsart at a Later Date Ambirenauts and Arbinauts, this is important: last evening the Arbitrum team announced that the Odyssey is officially paused ⏸ The resume date is not yet known, as it depends on the Nitro launch. Read on for...