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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.

Public Thoughts #2: The Horrors of PayPal

22 Nov 2020 2 minute read 0 comments Cryptopeach

Here we are in the second Public Thoughts post and in this one we will be discussing PayPal cryptocurrencie policies. So this is old news, PayPal will let you buy and sell crypto in their cryptocurrencie hub. Should we be worrried about this? Yes we...

Hello, DeFi investors, this is Clem Fandango here. Can you hear me? $pickle was good, but putting the future of finance into fermented cucumber memes might not be the answer.

22 Nov 2020 1 minute read 0 comments Crypto_Clem

Another day another hack. $pickle was fun while it lasted though, right? I mean,  it's from that TV show, Mick and Rorty or whatever, so it must have been on course for having an intrinsic contribution to the world of decentralised finance.    If, b...

Yfi (Crypto-Pick)

22 Nov 2020 1 minute read 0 comments Goodsoul

Yfi Yearn Finance and why it is my next Crypto-Pick? Well we all saw it moon, we all saw it fall, and we all are seeing it climbing back up again. Defi has changed the world of crypto. Not a little but alot. 2020 allows you to bank from wherever yo...

46% of the ETH amount needed to launch ETH2.0 have been deposited and are ready to stake

22 Nov 2020 1 minute read 0 comments MakeItReal

Excellent news regarding the implementation of Phase 0 of Ethereum 2 as 244,928 ETH have been deposited and are ready to be staked on the next Ethereum mainnet that is expected to be launched on December 1st. I remind everyone that the network needs...

Technical Analysis: Aave 22/11/2020

22 Nov 2020 1 minute read 0 comments Crypto Army

Aave reached approximately 82$ after starting ascending since the 5th of November, breaking all previous resistance levels, and aiming to reach ATH again. In this article we are going to discuss Aave's Technical analysis, possible targets, support li...

Weekly Crypto News Roundup - 14 Stories You Should Know About (16th of November - 22nd of November)

22 Nov 2020 5 minute read 3 comments pheonixdown-dee

Every week, I will be collecting some news stories / opinion pieces that I have found to be interesting in the crypto world and condensing them down into one easily digestible article. All the article and images are taken from a news source that I li...

Baanx to bring its entire Fintech product suite to Tezos in Q1 2021

22 Nov 2020 1 minute read 1 comment Allen Walters

Baanx develops crypto banking and fintech infrastructures. "We bridge the gap between fiat and digital asset technology to create an API platform your company can utilize fast." Products like payment gateways from crypto to fiat and back. Buying, spe...

DeFi hacks : The Lost of Crypto Assets

22 Nov 2020 1 minute read 0 comments Beren

Let me ask some questions, how much you hear about DeFi hacks and the lost of Crypto assets during 2020? Are you scared?The very well popular among investors in 2020 other than the old Crypto mechanism of solo mining is DeFi farming. Regarding to the...

WAVES & XRP Lead the Growing Weekly Top

21 Nov 2020 1 minute read 0 comments mvictori4

Waves grows around 60% and is in the weekly top for the third consecutive week.XRP advances 55% after implementing new feature for smart contracts. Over the course of the week of November 14-21, altcoins rise almost at the same rate as bitcoin (BTC...

Celsius Network Progress Report 📈

21 Nov 2020 5 minute read 2 comments Cryptoonestop

Twitter | Facebook | Reddit | YouTube | Patreon | Store Front | Earn $100 in Promos Celsius Network CEL Token The Celsius Network Token, CEL, has been doing phenomenal in the past 4 weeks with its price going over 2 USD. As the price of CEL remains...