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.


Earning with Nexo, an introduction

7 Mar 2021 2 minute read 0 comments Squeaker

" Disrupting the financial system, one bit at a time. "   Nexo is an online platform striving to provide the world with professional banking services within the crypto universe. They currently manage "$5+ billion in assets for 1,000,000+ users across...

$ 2000 Airdrop

7 Mar 2021 1 minute read 0 comments cryptage9

Hello crypto community, today I am sharing a great airdrop plan for everyone who has interacted with Rarible, you may be eligible for this rewards.   I put you a link of the article:   https://cryptoticker.io/en/nft-enthusiast-airdrop/   Crypto is $...

The Best Free Crypto Education

4 Mar 2021 1 minute read 0 comments Reaching The Finish Line

Ten years ago, crypto was still in its infancy. There was Bitcoin, Ethereum, Litecoin, and maybe a few others. I didn't take it seriously like most people. Now, more people than ever are taking crypto seriously as a financial investment. The cryptocu...

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4 Mar 2021 1 minute read 0 comments Ather Foundation

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free airdrop free 10 dollars for everyone

4 Mar 2021 1 minute read 2 comments neruda41

                 I haven't written for a long time, today I'm going to talk about an airdrop where you can earn  crypto. I researched and recommend you to join a reliable airdrop.               Now let's get to what we should do in order. We enter th...

Putting your Bitcoin to WORK - DeFi Rabbit Hole Dive - Review - Cake Chainge BlockFi - Don't Miss Out On The Next Big Thing!!!

1 Mar 2021 2 minute read 0 comments Red State Blues

Several businesses have hit the scene promising to be THE SOLUTION for rewarding crypto investors with interest for depositing in their pool. I'm sure many of you reading this have recently been shown ads for one of these or other similar services. ...

Nord Finance joins Orion Protocol Network as Orion Enterprise Partner.

28 Feb 2021 1 minute read 0 comments Barineka

  Nord Finance joins Orion Protocol Network as Orion Enterprise Partner. Read what the integration is all about in this infograph.

7 Reasons why CRO go 10x the next few week

27 Feb 2021 1 minute read 0 comments opsfx

Use my referral link https://crypto.com/app/a759y48ysz to sign up for Crypto.com and we both get $25 USD :)    

GRAPHENE $GFN - Important Airdrop Announcement!

26 Feb 2021 1 minute read 2 comments Cappex

Due to many issues currently facing the Etheruem network, Graphene will now be airdropped on Binance Smart Chain. Airdrop Details The Graphene team was initially planning to airdrop Graphene tokens as ERC-20 tokens on the Ethereum network, prior to...

Airdropalerts.com promoting scammers, beware and be safe

24 Feb 2021 1 minute read 0 comments stefen

Have you ever participated in airdrops that promoted by airdropalers.com website? Got any tokens successfully? Your answer is probably no. Because this website is promoting bunch of scammers and I have a proof,  I recently joined trust finance airdr...