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.


BRETTON WOODS

24 Nov 2020 7 minute read 0 comments TrevorBalthrop

Hello there people of the WOODS! This post is in celebration of an up and coming $20k Bitcoin price 🚀 "But Trevor!" "Bitcoin hasn't hit $20k yet!" You might be thinking this now but what about after Bitcoin hits $20k? Technically, at the price it is...

VaultSwap Protocol (Vault) || All-in-one: DeFi Asset, Swapping Exchange, Lending, Yield Farming, Staking & NFT Market.

23 Nov 2020 1 minute read 0 comments FreedomBuilder

  🎁 Total Reward: Receive up to 0.4 Vault ≈ $8 for easy tasks, only on Telegram & Twitter.👥 Referral: 0.2 Vault ≈ $4 for each valid Referral 💎 Start Vault Swap Telegram Airdrop Bot.  🔶 Airdrop Terms and conditions: 📌 Start Telegram Airdrop Bot.📌 Foll...

Take advantage of NULS POCM

23 Nov 2020 1 minute read 0 comments NULS

Proof of Credit Mining (POCM) is designed for companies and projects to obtain funding — akin to crowd sourcing. POCM is a type of SCO project (Staked Coin Output). Participants receive tokens as a reward from the company that owns the POCM. The part...

Understanding Uniswap: A Guide

23 Nov 2020 3 minute read 1 comment Zild

DeFi projects — projects and protocols for decentralized finance — became one of the most popular trends in the cryptocurrency industry, which changed the ICO era. The basis of the DeFi concept is a decentralized opportunity for exchange, investment...

The future of the commodities is in your hands

23 Nov 2020 1 minute read 0 comments JoshFet

Idling on Google as I’m used to do, I popped un a news that stated:”A weaker U.S. dollar, rising inflation risks and demand driven by additional fiscal and monetary stimulus from major central banks will spur a bull market for commodities in 2021, Go...

Will Ethereum reach $700 this week?

23 Nov 2020 1 minute read 0 comments Cryptofab

ETH2.0 deposits are now at 67% of the threshold whereas it was only 50% a few hours ago. The TVL of most of the DeFi projects has significantly decreased today, because the whales are removing their ETH from these protocols to stake ETH2.0. Therefore...

Crypto Research Call Notes - 11/23/20

23 Nov 2020 1 minute read 0 comments Crypto Cartography

ITEMS DISCUSSED TODAY 1) BTC Dominance is set to go down. Look for BTC dominance in 2021 between 35% - 50%.  2) How many winners will there be in the Smart Contract Platform Wars of the 2020's?  - These 4 listed below are the leading contenders in m...

Nimiq - The Most Famous Unknown Cryptocurrency

23 Nov 2020 2 minute read 0 comments Zirbo

There are so many cryptocurrencies out there today, and it can be hard to figure out what is undervalued or a good opportunity. I recently discovered Nimiq, but when I tried to search for Nimiq on Publish0x, I only found a handful of articles. In thi...

WAVES moves 135% High in 15 days

23 Nov 2020 1 minute read 0 comments Jw1

WAVES went 135% high :-   Waves have shown an insane growth /Uptrend in the going month in the last 20 days WAVES have risen up more than 135% and is still expected by the top analysts of cryptocurrency market to go further upwards.  So why is WAVES...

$20M Stolen from DeFi Project Pickle Finance

23 Nov 2020 1 minute read 14 comments Abhimanyu Krishnan

A hacker has stolen nearly $20 million from DeFi protocol Pickle Finance, according to an official statement on Nov. 22. The hacker had drained 19,759,355 DAI from the pDAI PickleJar (forked versions of Yearn Finance vaults) on Nov. 21  The team con...