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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.

EQUILIBRIUM: Expanding the DeFI Horizons!

8 Nov 2020 5 minute read 4 comments SamBTC

The crypto world is totally buzzing these days with new projects popping up every other day. There is a wide variety of projects offering options like moderate but safe and stable rate of interests which are better suited. There also projects offerin...

Wall Street Trading Firm is accumulating Bitcoins & Alts

8 Nov 2020 1 minute read 4 comments ircrp

  One of the Wall Street's biggest high-frequency trading firm of Jump Trading with over 700 head count worldwide has been allegedly quietly accumulating on various Cryptocurrencies. The spotlight has been cast upon Jump Trading by a Messari Crypto r...

What is Fantom? A guide to this powerful blockchain platform.

8 Nov 2020 12 minute read 1 comment CryptoTrainee

    What is Fantom? First of all, Fantom is a product of the Fantom Foundation, an organization led by Michael Kong, CEO/CIO, and composed of engineers, scientists, researchers, designers and entrepreneurs, distributed around the world and who have...

The Foundation

8 Nov 2020 3 minute read 0 comments DRC Foundation

On Friday October 30th, the DRC Foundation website was launched; the landing place for all those invested into DRC — Digital Reserve Currency. Investment in this sense does not include only the monetary investment of purchasing $DRC token, but the in...

300% Spike In Cryto ATM Installation

8 Nov 2020 1 minute read 1 comment Jw1

300% Spike In Cryto ATM Installation :   Cryptocurrency is becoming people's first choise whether it being investing or trading. Inspite of there being tremendous volatility in cryptocurrency, people still are switching to cryptocurrency at a large...

How to add use the Wbtc Vault - Cryptosetups flash tutorial

8 Nov 2020 1 minute read 1 comment Cryptosetups

    Hi everyone  Today in this fash tutorial I show you how to use the Wbtc vault on you will see: A quick note on where you can swap your btc to wbtc. Connecting your wallet, and what all the information on the site means . Adding...

Ethereum 2.0: official launch date and current situation!

8 Nov 2020 3 minute read 30 comments Roberto D.

With the impending launch of Ethereum 2.0, wallets are starting to accumulate cryptocurrency at levels never seen before, positively affecting the price. According to Glassnode, a crypto analysis company, Ethereum (ETH) has broken several records fol...

Andrew Yang Style Democrats Will Not Save The Middle and Working Class

7 Nov 2020 4 minute read 0 comments IRUUR1

Andrew Yang. Not your run of the mill Insider investor asset. This Bloomberg B list political/economic power node, may be what we have been referring to as the Insider outlier, investment ally. If Biden Wins An amazing merchant of your editor author,...

Binance is the stock market where whales hunt sardines.

7 Nov 2020 1 minute read 4 comments SAGE84

  Binance is the stock market where whales hunt sardines. As we mentioned in the title, crypto lovers with small investments like us unfortunately become the prey of Whales on stock exchanges like Binance. I realized that Binance is a place for Whale...

The invasion of muslim women

7 Nov 2020 1 minute read 1 comment Arkemmus

  Those who hang out with telegram groups on blockchain, investing, bitcoin, DeFi, etc., have certainly noticed how in these communities in recent days there is a real invasion of female profiles, with Middle Eastern features, with an Arab name, and...