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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.

Now is the best time to build your #blockchain with #NULS

7 Nov 2020 1 minute read 0 comments NULS

We're offering individuals and businesses the opportunity to utilize NULS to build their own blockchain at no cost. Get in touch with our team today. What is the Chain Factory Chain Factory ( is a blockchain dev...

Ethereum prepares to end the year in a GIANT way

7 Nov 2020 1 minute read 0 comments mvictori4

ENG With the news of the ETH 2.0 launch on December 1, there is no question that the majority Ethereum community is one of the best. They have been asked to deposit and purchase ETH to speed up the process and incorporate the new staking on the arr...

Whenever crypto people will talk about Tokenomics they will surely remember WormHole For sure

6 Nov 2020 1 minute read 1 comment Cryptozeean

An amazingly draft Tokenomics with Farming + Airdrop + Burn   People have seen so many things in the crypto space so far and many projects dumped due to their lack of the knowledge to draft the Tokenomics in a smart way and the smart contract to wor...

Hidden Gems with low market cap:1. DogDefiCoin

6 Nov 2020 1 minute read 0 comments Crypto Army

In this blog we are going to discuss how to identify hidden gems, with low market cap. Our first post of Hidden gems in the DeFi Ecosystem will be about DogDefiCoin. 1. Basic Concepts DogDefiCoin is a project made on Ethereum network, verified on eth...

BlockFi vs Celsius - Unbank Yourself.

6 Nov 2020 3 minute read 8 comments Mozzie

Over the last few months I've given both BlockFi and Celsius services a trial run too see which platform I'm going to stick with since they're so similar. TLDR; BlockFi is the easiest and least confusing to use, Celsius offers more coins and the best...

1inch Launches New Version of DEX

6 Nov 2020 1 minute read 5 comments Abhimanyu Krishnan

The 1inch team announced on Nov. 5 that it had launched version 2 of its DEX, which brings several improvements, including a token swap API and new UI. The new version introduces the Pathfinder API, a discovery and routing algorithm that facilitates...

9 Simple steps to Identify Crypto Gems

6 Nov 2020 2 minute read 4 comments Crypto Army

In this post I will be explaining 9 simple steps to be able to identify hidden crypto gems. Cryptocurrencies with low market capital are able to recieve mass adoption from the cryptocurrency community if they provide new solutions, improvements to pr...

Binance Defi Crashes More Than 65% as BTC Goes Up

6 Nov 2020 1 minute read 2 comments Jw1

Binance Defi Crashes More Than 65% as BTC Goes Up :   Binance defi has gone more than 60% towards the downside, it was really strong in the early august but as the US presidential election came closer Bitcoin (BTC) started to surge really high and t...

How To Earn Interests on Your Crypto for FREE (NO FEE and no risk) ?

6 Nov 2020 1 minute read 2 comments Digital Asset Culture - YouTube Channel - France

If you want to know a method that allows you to EARN CRYPTO everyday , that will be paid once a Week , on Monday, with among the highest rates of the Market, I recommend you Celsius App : I have tested that app. And this is a great and secure Applica...

Bug in Compound Finance Fork PercentFinance Leads to $1M Locked

6 Nov 2020 1 minute read 1 comment Abhimanyu Krishnan

The PercentFinance project has announced in a blog post published on Nov. 5 that just under $1 million worth of ERC-20 tokens had been locked out due to a bug. The team announced that an error in an update to the interest rate model resulted in the...