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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.

Equilibrium’s Second Milestone Successfully Completed for W3F Grant

4 Nov 2020 1 minute read 0 comments Equilibrium

You will recall from our earlier communication that Equilibrium is working on a grant that we received from Web3 Foundation to pioneer services facilitating other projects’ migration to the Polkadot ecosystem. We are proud to say that we have now com...

Upbots - Demo Review and Tutorial

4 Nov 2020 2 minute read 0 comments DecentralizeCrowd

After spending over 10 months in development of their MVP, the demo for the Upbots trading platform went live recently. Note that, since this is a demo version, most of the features are still disabled, but will become available over the next few week...

Latest Equilibrium Updates in October 2020

4 Nov 2020 3 minute read 0 comments Equilibrium

October has brought us several milestones. Let’s review these impactful events one by one in more detail. Kevin Hu of Dragonfly Capital invested in Equilibrium A partner at Dragonfly Capital has become our angel investor. Kevin will also bring in his...

RECAP - AMA Cryptofun X Nerve Network

4 Nov 2020 12 minute read 0 comments NULS

Hi, In this AMA Recap we will try to summarise the most interesting points for you. We will start an AMA with Nerve Network and we have AMA STRUCTURE & RULES bellow AMA Cryptofun X Nerve Network Speaker : Mr. Berzeck ( CEO of nerve network ) PRESENT...

Praem Capital - Wise Investment Solutions

4 Nov 2020 3 minute read 0 comments CryptoGeeks

Introduction In modern times like today, many people have started investing their funds in the forex and stock markets. In various ways, some use the services of investor advisors or find information on their own. With the hope that the funds they...

Will Bitcoin pump or dump after the U.S. Presidential election?

4 Nov 2020 1 minute read 2 comments Cryptofab

Everyone is wondering if the winner of the election is Trump or Biden. For Bitcoin, it does not matter, because Bitcoin is the winner in both cases: 1) Both Biden and Trump will inject trillions of dollars into the U.S. economy, which will degrade th...

Estonia - Home Of Staking Platform Mycointainer

4 Nov 2020 1 minute read 0 comments BenjaminV

I love Estonia. This little European country with borders to Russia, Latvia and Finland on the opposite site of the Baltic Sea is very well known for the invention of Skype, digitalization and innovative digital services.  Ten years ago, as a student...

UMA to Launch Developer Mining Incentives

4 Nov 2020 1 minute read 2 comments Abhimanyu Krishnan

DeFi financial markets-focused project Universal Market Access (UMA) on November 3 announced the launch of developer mining, a new type of liquidity mining that rewards developers for building on the UMA protocol.  Set to launch on November 10, deve...

Top Things You Should Know About Cream Finance (CREAM)

4 Nov 2020 6 minute read 1 comment MuyAsk

Hey guys :) I’m back with another comprehensive Q&A piece, this time for the peer-to-peer decentralized lending platform – Cream Finance (CREAM). Cream Finance is an open and decentralized financial system built on smart contracts. It provides its us...

Don't Confuse Investing In Crypto With Generating Daily Crypto Income

4 Nov 2020 2 minute read 1 comment Sapphire

Mindsets & Approaches To Crypto Wealth Creation It is very important not to confuse the tools that are available within the Crypto space and to use them appropriately. I think for the most part, many have an investor mentality in that they want to ac...