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.


Soulbound Tokens ($SBT) Review

28 Jun 2022 5 minute read 0 comments SimpleHold

In May 2022, the Ethereum founder Vitalik Buterin and three co-authors published a manifesto entitled “Decentralized Society: Finding Web3’s Soul”. In this paper, the authors presented their vision for the further development of Web3, namely, the bui...

Its Official! 3AC Has Fallen with the Teneo Restructuring Being Brought Onboard

30 Jun 2022 3 minute read 0 comments Cje95

Speculation has been running over the last couple of weeks that Three Arrows Capital (3AC) the major crypto hedge fund was going to enter liquidation. The biggest sign that the writing was on the wall was when Sam Bankman-Fried lent Voyager hundreds...

What is currently happening in Bitcoin mining, let us take a look

29 Jun 2022 2 minute read 3 comments Patch

Bitcoin mining is a broad topic and there have been several things happening in a short time, so I will try and cover as many o those here as I can and see if they show indications of any larger trends. Mawson Infrastructure Group suspending capital...

The Importance of High Leverage and Equilibrium’s Solution

14 hours ago 4 minute read 0 comments Equilibrium

Money markets (MM) are a critical part to the functionality of decentralized finance. They are a primary source of liquidity in a given network. In more traditional, centralized financial scenarios loans provided by banks are a primary source of liqu...

Why crypto could wind up like the The Boys if we’re not careful

23 hours ago 2 minute read 2 comments Suerte Panda

Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!) Growing up with nerd tendencies wasn’t easy. It was easy to get bullied or mocked for liking comics and superheroes. But it was worth the risk...

YUGA Labs, are they peddling alt-right and NAZI propaganda encoded in they Bored Apes? Let us look us the evidence

30 Jun 2022 9 minute read 14 comments Patch

Artist Ryder Ripps has compiled a list of all the evidence he has found against YUGA Labs and Bored Ape Yat Club, BAYC. This then recently got turned into a video by YouTuber Philion. Let us take a look, how bad can the evidence be? The website and...

Crypto Hell in a Cell

28 Jun 2022 2 minute read 2 comments Suerte Panda

Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!) When I was a young man I used to enjoy a good wrasslin’ match every now and then. There was always one match that stuck out. It was the 1998 He...

Numio Developer Update – June 2022

28 Jun 2022 4 minute read 0 comments Mark Anstead

Welcome to this month’s Numio Developer update! Since we did our last update we have had two app releases filled with new functionality, improved UI/UX, and enhanced in-app accessibility. Let’s dive right in. WalletConnect is here! If you have been p...

The Ambire Guide to Arbitrum Odyssey: Week 2 Tasks + Claiming Week 1 NFTs

28 Jun 2022 3 minute read 1 comment AlpinaBG

A crypto user’s handbook for exploring the Arbitrum ecosystem and winning exclusive NFTs — Part 2 — Hi there, Ambirenauts 🧑🏽‍🚀 We’ve seen an eventful first week in the Arbitrum Odyssey 🔥 And it’s also going to be a rewarding first week for those who...

How Many People ACTUALLY Use Uniswap (UNI) Right Now??

27 Jun 2022 2 minute read 1 comment Michael @ CryptoEQ

If you want more cryptocurrency analysis including full-length research reports, trading signals, and social media sentiment analysis, use the code "Publish0x" when subscribing to CryptoEQ.io to make your first month of CryptoEQ just $10! Or simply...