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.


27 Mar 2021 1 minute read 0 comments JaksHitam

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26 Mar 2021 1 minute read 0 comments kingscrown

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Suez Canal Blockage | What is Bow Cushion and Bank Suction Effect in narrow channel for ships? | MarineGyaan

25 Mar 2021 2 minute read 0 comments IRUUR1

A little civilian warfare update. Yes this is civilian warfare. The Federal Reserve is winning. They pay the U.S. military for starters. They are called Petrodollars. No surprise that lockdown, the vaccine rollout and other new missions, like an arme...

Secret Network ETH Bridge adds many new ERC-20 assets

24 Mar 2021 1 minute read 1 comment zev

Secret Network has just announced that it will support many new ERC-20 tokens! Here's the list of assets that are now available to be turned into Secret Tokens: $RUNE $TORN $BAT $ZRX $ENJ $MANA $YFL $ALPHA $REN $RENBTC     If you don't know what t...

5 NFT Platforms That Could Perform an Airdrop In 2021

23 Mar 2021 4 minute read 0 comments FxCryptoNews

It will not have escaped you that non-fungible tokens (NFTs) have been booming for a few months. NFTs now occupy a major aspect in the cryptocurrency industry alongside decentralized finance. Having remained in the shadows until the later parts of 20...

Is Invest & Hodl (iHODL) a Scamcoin?

21 Mar 2021 4 minute read 0 comments BussTechno

Back in February I ran across an airdrop on the Birdsite for Invest & Hodl.  They were offering a $10 iHODL drop and the ability to make $10 for each referral- I like free money, and can be impulsive at times so I decided to sign up and give it a try...

129.556% APY on Bitcoin HODLing

21 Mar 2021 1 minute read 0 comments kingscrown

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Cub Finance Is Ranked 2725 on CoinMarketCap, Seat Belts On Now!

19 Mar 2021 1 minute read 0 comments MakeItReal

Hello HODLers! Since yesterday Cub Finance is officially listed on CoinMarketCap!You can check it here: https://coinmarketcap.com/currencies/cub-finance/ As reported by the LeoFinance team, the listing will be updated with current market cap, circula...

Introducing ARTH v2.0

18 Mar 2021 1 minute read 0 comments Barineka

Every project goes through an evolution. At a certain stage, it is the right time for the product to evolve and go to the next level. ARTH the world’s first valuecoin has reached such a stage.  

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18 Mar 2021 1 minute read 0 comments kingscrown

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