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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.

Is DeFi really decentralized?

5 Nov 2020 1 minute read 0 comments Simplify Crypto

The protocol is decentralized, but what about its governance? A scientific article was published by Monday Capital in conjunction with Dappradar that demonstrates that most Defi projects are highly centralized. "Decentralized Governance in DeFi: Exam...

Yield farming for beginner (Harvest and my journey)

5 Nov 2020 3 minute read 2 comments Parnassius

Yield farming is the hot thing to get money with your cryptocurrency, or that's what I thought in the first moment of my adventure in the wide and intricates subject that is Defi. My first approach to the subject was simple and straightforward, follo...

The Pi Network and Mining Pi Coin With Your Smartphone

5 Nov 2020 1 minute read 0 comments WhaleTailMining

If you'd like to earn some cryptocurrency using your Smartphone, I recommend checking out the free app called Pi Network. Pi is a digital asset that may be earned by running a light weight application on your smartphone that will not compromise the p...


5 Nov 2020 1 minute read 0 comments Itech

Defi a firm in the cryptocurrency market, simply stands for decentralized finance. It is managed by the Blockchain system.  As we all know the crypto Market has grown so big that other decentralized infrastructure has grown up around it such as Bitc...

How to open a CDP with Eth on Cryptosetups-Tutorial

4 Nov 2020 1 minute read 0 comments Cryptosetups

Hi everyone  Today I show you how to open a CDP (Vaults via maker) through using Eth. I like using this platform as it is very simple and still gives you a lot of features while never making it complicated. I show you: How you open a n...

KINGSWAP 👑 👑 Get the benefits of buying an NFTs 👑 👑

4 Nov 2020 3 minute read 1 comment Gato1

As long as Cryptocurrency exists, buying and selling will forever be a norm but the general challenge is the insecurities among the sellers and the buyers. This insecurity has caused a lot of harm than good such us unsuccessful deals leading to loss...

What got you Into Crypto?

4 Nov 2020 1 minute read 0 comments Vic1030

So... What got me into Cryptocurrency? Back in December of 2019  I was at an interesting crossroads in my life. I was recently laid off from my job and actually living off off of some investments from earlier in the year. Times weren't tough per say,...

Week 10 Update: New Vaults and More 🥖 Bread for the People!

4 Nov 2020 4 minute read 5 comments Farmer Chad

Life at the Farm illustrated by ClockworkWolf, the first placed winner of our Halloween themed Creativity Contest. 🚢 👨🏿‍🌾 Over 10 weeks ago, Harvest Finance and humble farmers everywhere embarked on a journey to easily and automatically earn the hig...

BETFURY is celebrating their birthday with massive Rewards ! Best BTC daily dividends ever !

4 Nov 2020 1 minute read 1 comment Crypto And Cocktails

Try your luck every 3 hours !! Spin and win the most huge prize up to 1 BTC! No wrong ways, only lucky chances. Each user from the Rank 2 has the opportunity to spin the wheel of fortune every 3 hours. Take away a lot of BTC, TRX, USDT, BTT and BFG t...

Looking at Yearn through the eyes of a Seer

4 Nov 2020 4 minute read 0 comments Ceazor

It's nearly a daily occurrence that I see people posting in the Yearn telegram channel, that "YFI is a scam," or that "YFI is going to zero." And to this, I feel I have some thought to contribute.  By just looking at the chart. I can understand why...