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.


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...

Defi, future or big bubble bursting

4 Nov 2020 1 minute read 6 comments Introspection

Good morning in the next post we will discuss the Defi if they are a big bubble or have substance and future A few months ago, in a very short time, Defi decentralized finance began. Uniswap had been in its project for years but without major popula...

UNIFI DEFI Medium is Back! + Some Feature Updates About Unifi Defi

4 Nov 2020 2 minute read 1 comment Deficat

After a short period of Medium being broken, we’re excited to see it fixed and we’re back in action giving you updated and news! It’s been a stressful and busy few days after realising Medium was broken (not on the UNIFI DeFi side, on the actual Med...

4 Ways to Earn Crypto For Beginners

3 Nov 2020 9 minute read 0 comments Ghostcat

I have started to explore the world of cryptocurrency for a while, and it has been one heck of a journey. It can be really confusing to navigate at first, but once I made my research I succeeded in making a few earnings. So, I decided to curate my pe...

CC123 - Peace of Mind Investing with YFDAI

3 Nov 2020 1 minute read 6 comments Chesatochi

Introduction You might have heard of the slowdown of DeFi at the end of 2020 and we continue to see big headlines of exploits, exit scams, and bad smart contracts made by unskilled programmers. Now, do you want to bring your friends to the decentral...

The Best Way To Maintain Cryptocurrency Liquidity

3 Nov 2020 5 minute read 0 comments Thomas Dylan Daniel

  How can you maximize your exposure to appreciating assets while maintaining liquidity to buy nice things for your family? The Coinbase card has been announced and the waitlist has been created. The Nexo card is also on the way. What are the benefit...

Harvest Finance Web Design Contest WINNERS

3 Nov 2020 1 minute read 10 comments Farmer Chad

Good things come to those who wait…   After much deliberation, having gone through all great entries, we are announcing the winner of the web design contest.  In judging this, we took into account crisp, clean design, pleasing visual elements and thi...

OKEx News: BTC Dominates and Altcoins Bleed

3 Nov 2020 1 minute read 3 comments Official Okex

Bitcoin Sweeping the Altcoins Read this week's OKEx Academy article today to see the latest news on Bitcoin, Altcoins and the big winners and losers.  Here are some article highlights Bitcoin has increased to a 63% market dominance  Ether, Chainlin...

The Kingswap Kingdom has launched! Latest news and happenings in the Kingswap crypto ecosystem

3 Nov 2020 4 minute read 0 comments Mr. Decentralized

The powerful Kingswap DEX has launched with all of the best of the best from the trading community.   Hello and good morning to all of us here on Publish0x! This is me again wherein I am about to share with you guys about Kingswap and why everyone i...