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.


Blockchain Financial Tips 1: Investing

26 Nov 2020 3 minute read 2 comments E. K. Washington™

This is the first article in a new series of investing in blockchain based assets for beginners. You have probably read your fair share of investing and saving tips articles on the internet. So, one more will not hurt. In fact, what I have learned is...

Atomic Wallet: A Whistle Stop Tour

25 Nov 2020 6 minute read 42 comments Mynima

Introduction Welcome back all you wallet tourists, time to take another guided tour through a cryptocurrency wallet solution that is on the market. If you are interested in checking out the previous article you can find them here: Guarda Wallet Coin...

Week 13 — A Season of Many Thanks to our Amazing Community

25 Nov 2020 6 minute read 0 comments Farmer Chad

🙏 For many farmers and Chads in North America, this week marks a time to give thanks and reflect on the wonderful community we have. From the Developer Creativity Contest winners to the Writing Contest winners, it’s the wit and passion our community...

NexOS - The Nexus Operating System - A Bastion for the Internet of Things (IoT) & Beyond

25 Nov 2020 4 minute read 8 comments Nexus.io Blockchain

Understanding the inspiration and history behind Nexus helps convey the current vision. This is the first of three articles covering pertinent aspects of Nexus’ history in which the context is set for the burgeoning NexOS (Nexus Operating System), an...

Ethereum 2.0: A New DeFi Round

25 Nov 2020 3 minute read 1 comment ChangeNOW

Originally published in the ChangeNOW blog In 2014, five visionary minds came together to lay the groundwork for a platform and a programming language aimed at facilitating any developer who wishes to build and publish next-generation distributed app...

Crypto Daily News - November 25th, 2020

25 Nov 2020 1 minute read 0 comments Crypto Cartography

ITEMS FROM TODAY'S RESEARCH CALL 1) You can earn 1inch Token (not released yet), by being a liquidity provider on Mooniswap! - Stage 2 of Liquidity Mining for 1inch - https://1inch-exchange.medium.com/liquidity-mining-update-1inch-announces-stage-2-o...

The Fundamentals Of Equilibrium

25 Nov 2020 6 minute read 1 comment Equilibrium

  DeFi is a meaningful solution for making your crypto assets work for you. Dozens of Ethereum DeFi primitives are designed to do exactly that. So the question becomes: which platform should you choose? You would want a platform capable of all the sa...

Unifi DeFi Update: Week 2 of the CDF bucket FINISHED! Redemption Center OPEN

25 Nov 2020 3 minute read 1 comment Deficat

The second week of the UNIFI DeFi Community Distribution Fund has now finished, with token allocations ready to be distributed at our Redemption Center! Congratulations! A week after launching week 2 of the CDF, the the Community Distribution Fund bu...

Which is better, investing in stocks or investing in cryptocurrencies?

25 Nov 2020 1 minute read 0 comments Tobares2001

Many times I wonder if the right thing to do at my age (19 years old) would be to invest better in cryptocurrencies than in stocks and unfortunately it is a question that has yet to be resolved. While it is true, cryptocurrencies can make me a rich m...

OpenDeFi is Bridging traditional assets with digital assets

25 Nov 2020 2 minute read 0 comments Immanuel Somto

Before DeFi projects can be adopted massively by people, it is expected that they have the best of both the traditional world that people are giving up and the new realm that the decentralized finance ecosystem offers. The OpenDeFi is an Open Financ...