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.


Whale Wallet Analysis - SUSHI 

20 Nov 2020 5 minute read 0 comments D3F1

Hello guys, I am back with another Whale Wallet Analysis for your pleasure and research. I have previously conducted a similar analysis for AMPL, SNX, BASED, LINK, YFI, YFV, UNI, and WBTC. The SUSHI rich list is accessible on the Etherscan page for a...

Kyra Finance - DeFi Scam or a Newly Born GEM?

20 Nov 2020 2 minute read 0 comments knowhow92

Morning guys, how are you? I've been keeping an eye on this new DeFi project called Kyra Finance for over a week now since I read about it on https://www.reddit.com/r/CryptoMoonShots/ and I got to admit that this one looks promising! Or not? About Ky...

Earn Interest on Your Crypto, BlockFi

20 Nov 2020 2 minute read 0 comments kriptomann

  This is my recent post on investmug.com, and Please enjoy it. Do you know you can earn interest in crypto using BlockFi? There are many option has been shown to crypto community with the help of ethereum smart contract feature. Decentralized financ...

Aave Introduces Two New Governance Proposals

20 Nov 2020 1 minute read 1 comment Abhimanyu Krishnan

Decentralized lending protocol Aave introduced two new governance proposals on Nov. 18, aimed at funding governance decisions and preparing for the transition into Aave V2. Aave Improvement Proposals (AIPs) 2 and 3 have been officially submitted for...

IBM has awarded Cryptoenter DeFi solution as "Most Promising Fintech Solution Using IBM Clould Services."

20 Nov 2020 1 minute read 2 comments Andrey SML

  IBM presented Smart Block Laboratory as "Most Promising Fintech Solution Using IBM Cloud Services." This high award is presented for the development of blockchain infrastructure for digital banking services provider Cryptoenter - dedicated to openi...

Saffron’s Native Token (SFI)

20 Nov 2020 3 minute read 2 comments Saffron Finance

In our previous blog posts we’ve skimmed over the details of the SFI token, hinting at its current and future uses within the Saffron smart contract system, but without going into much detail. 2020–11–14: Saffron Minting and Uniswap Listing2020–11–01...

Yield Farming NFTs - introducing the smol genesis farm

20 Nov 2020 1 minute read 0 comments DaniBom

The development keeps running fast at the smol factory, with the launch of the first set of NFTs. 9 NFT were created, in a common (static) version available in 600 units each and in a rare (animated) version available in 150 units. Each NFT can be b...

Did Vitalik's AMA Change My Mind About Ethereum 2.0?

20 Nov 2020 1 minute read 1 comment AlucardLife

If you're new here, I'm the guy who rants and raves about how stupid everybody is for sticking with Ethereum even though it's slow, centralized, philosophically confused and falling behind the tech curve. I see a dim future for the network if Ethereu...

David Icke and Decentralization

20 Nov 2020 3 minute read 7 comments AlucardLife

What place does David Icke have in a blog about cryptocurrency? He serves an important purpose for me — to detail a perhaps new perspective on what the future will look like and how we can best manage our present thoughts of it. Let's frame the discu...

New VISA Bitcoin Partners!

20 Nov 2020 1 minute read 0 comments TrevorBalthrop

Hello there again Bullish crypto world! There is a ton of news coming out all over the place and one that caught my eye specifically was this one from VISA. https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.17396.html This official...