DeFi

14,167 Articles 327 Followers

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.


The Uniswap Token Is Now the 8th Most Popular Cryptocurrency

17 Mar 2021 2 minute read 3 comments Austin Reihl

The rise of the world’s most popular decentralized exchange (DEX) Uniswap (UNI) has been turning heads in the decentralized finance (DeFi) market. The UNI token traded at $34.00 with a daily trading volume of $1.5 billion and saw a rise up to 45.7% f...

Elon Musk sells Twitter NFT for DOGE

17 Mar 2021 1 minute read 0 comments kingscrown

  Elon Musk made a tweet as #NFT​ and asked for bids to sell it for 420 million DOGE Beeple added bid of 69 million USD a joke. http://fuk.io​ - register with just email to get 2 free ebooks teaching how to make money with #defi​ #bitcoin​ Follow me...

WARNING: PancakeSwap under DNS Attack

15 Mar 2021 1 minute read 0 comments JinPark

  This post was made solely for the purpose of warning you guys out there in the Crypto space! Please do not use PancakeSwap at the moment, as it has been confirmed that they're under attack from an unknown source! Spread the word, so no one gets har...

Just put the rest of my UNI airdrop into CUB

14 Mar 2021 1 minute read 0 comments okean123

How fucked am I? I don't care. With the LeoBridge upcoming and the New CUB/block number reducing it can only go up, right? Those UNI were a bigger part of my portfolio, but they were free anyway, so who cares right? You know what they say, you can't...

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...

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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...