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.


Chad Farmer's Story

7 Nov 2020 4 minute read 4 comments paragism

Chad is quietly sitting in his favourite rooftop cabin. It’s late-night and the moon is still bright. Is it a full moon night? Grandma used to tell that “release your burdens into the moonbeam”. Chad takes a deep breath in the magical light. The day...

Hidden Gems with low market cap: 2. Loyal Finance

7 Nov 2020 1 minute read 0 comments Crypto Army

In this blog we try to resume to the readers some Hidden Gems, launched projects, already listed and trading on several exchanges, with low market capital that can have huge returns for early investors. Please remember that this is not a financial ad...

BLUZELLE: The Key to the World of Seamless Data Storage.

7 Nov 2020 3 minute read 0 comments Olufemi Stephen

Bluzelle: The key to the world of seamless data storage. Different data services exist and their main aim is to store data of their clients on a cloud. Their clients can then access the data whenever they want and make necessary changes, no matter wh...

Trust When They Say You Are Not Alone | 🌎🌏🌍

7 Nov 2020 4 minute read 0 comments Hermitworldwide

    From the whole crypto world the message is clear that "the world is yours", "you are not alone", as reads on the billboards and video ads, encouraging all those going through whatever mentally challenge they are staging in. It wasn't long from...

Crypto of the day - Tezos still bullish

7 Nov 2020 1 minute read 4 comments Cryptofab

Great news for Tezos since the Swiss bank Sygnum announced they will provide staking of XTZ with interest up to 5%. Although it is lower than what you can earn through usual delegators, it will help Tezos get more hodlers and will pump its price up....

Coinbase Wallet: A Whistle Stop Tour

7 Nov 2020 4 minute read 20 comments Mynima

Introduction If you've been following my earlier articles you will be aware of this series, the goal of which is to do a quick summary tour of various blockchain wallet mobile applications. In case you are interested in the previous articles they can...

APY.Finance, a DeFi Yield Aggregator launches IDO in Balancer LBP

7 Nov 2020 2 minute read 1 comment AshkyKharoo

APY.Finance allows users to have a seamless yield farming experience with the best available rate for DeFi protocols (lending, liquidity pools) without a need to continuously monitor or manually transfer the funds. It's all automatic. You don’t have...

BTCwriter: The Road to 20K for Bitcoin While Altcoins and DeFi Recover

7 Nov 2020 4 minute read 6 comments Thomas Wolf

Back from the ashes yet again, Bitcoin is currently approaching the $16K mark while simultaneously, the DeFi and altcoin markets make a dramatic recovery - could the latest pumps indicate Bitcoin is near its highest value of all time?“A question that...

Market Wrap: Bitcoin Loses Steam at $15.9K; Over 600K ETH Yanked From DeFi | Daniel Cawrey @ CoinDesk

7 Nov 2020 1 minute read 1 comment Googler

Value trading and investing are the most perfect jobs that every human wishes to do forever. It's heavy to learn and start but it is not too hard. All we need is learn is read as much as we can. Books, articles, or anything... Just read. Today, Danie...

The fourth time is the Charm

7 Nov 2020 1 minute read 2 comments alquimista1501

One of the most anticipated updates at the moment, without a doubt, Etherium 2.0 (ETH) is a token that has an interesting mix of followers, many hate it, many love it, but the truth is that it is a key piece in the development of a unique ecosystem c...