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.


Anchor Airdrop Incoming. But LUNA is at ATH. Here's a Better Way to Get it!

14 Mar 2021 1 minute read 0 comments xyzashu

Anchor Protocol is about to me launched 2 days from now.     With this, $ANC will be airdropped. If you're a HODLer or staker of $LUNA or $UST, you're all set to get ANC airdrop in the coming week. But in a rush to get this airdrop, prices for Ter...

Arrano airdrop $700

12 Mar 2021 1 minute read 0 comments Jairo

    Arrano Network Dex Airdrop (100 ANO~$700)   Arrano Network is all set to deploy its own blockchain network into space, the development of which is in full swing.   ANO Tokens; This is the Native token to empower the whole Arrano Ecosystem. The t...

Almost 300 Youtube Followers, over 30000 STEEM ones.

12 Mar 2021 1 minute read 1 comment kingscrown

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🔥 You should NEVER sell your airdrop!

11 Mar 2021 1 minute read 0 comments resiliencia

Hello! As @oldtimer says, you should NEVER sell your airdrop! And specially if it is from the Leofinance team.This happened the first time they airdropped LEO to the PAL hodlers, and most of them dumped the tokens in the first week. I wouldn't do it...

What are you planning to do with your CUB airdrop?

11 Mar 2021 1 minute read 0 comments Bala

I keep hearing mixed thoughts about what people are planning to do with their CUB. Some have already dumped it in the HE market and some people say that they are going to purchase a little more in the market and start farming. I'm not much into...

I Used My Uniswap (UNI) Airdrop to Borrow $5,000. You Won’t Believe What Happened Next!

11 Mar 2021 5 minute read 0 comments Nek1dd

As many of you who have been around for a year may know, the DeFi space was absolute madness last summer. There’s a reason people refer to it as “DeFi summer.” Projects were popping left and right. Every day we’d get a new protocol offering unbelieva...

BCH Games - Win Up To One Million Times Your Bet - Get Free Bitcoin Cash

10 Mar 2021 1 minute read 0 comments EarneyBitcoin

BCH Games is a nice and simple bitcoin cash gambling website and with the target game you can win up to one million times your original bet and you can even get free bitcoin cash every day from the faucet to play with.   BCH Games is a nice and easy...

💰How to get a loan that pays itself off

9 Mar 2021 3 minute read 0 comments Stuart Hollinger

  A look into Alchemix protocol. With the emergence of Decentralized Finance we have seen a plethora of new ideas and protocols emerge from the space. Some are original ideas, some are infrastructure solutions (Balancer), some are platforms aggregato...

Ethereum (ETH) mining revenue posted new ATH in February

8 Mar 2021 1 minute read 0 comments manuabb1

  Ethereum (ETH) mining revenue reached a record high of over $ 1 billion in February. In February, more than half of mining revenue came from transaction fees. The recent Ethereum EIP-1559 upgrade proposal remains a subject of contention among...

Crypto Haiku #4: EIP1559

8 Mar 2021 1 minute read 0 comments CryptoHob0x

  Proof of Stake is here. EIP1559. DeFi is the way.