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.


How To Use DeFi On The Internet Computer? A Look At ICPSwap

14 Aug 2022 5 minute read 0 comments Moses On-Chain

Last week I wrote an article outlining some of the basic DeFi concepts and applications on the Internet Computer, and one of the conclusions I came to was that it’s still a growing segment early in development — with some of the main applications in...

Krystal Newsflash (12th Aug 2022)

13 Aug 2022 3 minute read 2 comments Krystal DeFi

Welcome to our recap of the major stories in the crypto world! Here’s what has happened over the past week: Goerli Merge ✅ The Goerli testnet has successfully performed The Merge. This means that this testnet is now using a Proof-of-Stake consensus m...

SuperUMAns #31 - Tetu KPI options and my passive income

12 Aug 2022 3 minute read 0 comments PVMihalache

We had an amazing party at the end of Q2 and we went back to work after. Quarter 3 of 2022 is about rasing the TVL and the implementation of Outcome tools. Risk Labs, the team behind UMA and AcrossProtocol launched Outcome Finance to help DAOs that...

ChainPort’s PORTX Token TGE Announcement

10 Aug 2022 2 minute read 4 comments Melusine

By Maximiliano Stochyk Duarte We at ChainPort are very excited to update you about the upcoming Token Generation Event or TGE for the PORTX token. ChainPort’s development team has been dedicated and determined to build the best possible token for...

A simple way to estimate risks of DeFi projects

10 Aug 2022 3 minute read 7 comments I_g_o_r

In the previous post (see [1]) we considered a simple way to determine a ROI on a lock-up period for a DeFi project. In our analysis of different projects we had assumed that they have the same level of risks. In this post we consider a simple way to...

Symbiosis Use Case: smooth interchain solution for money market protocols

10 Aug 2022 1 minute read 1 comment Symbiosis Finance

  We are working on a series of articles about the use cases of Symbiosis so that you would better understand the full range of our opportunities and features. This article is dedicated to the money market use case. It may sound a bit complicated but...

Top Things You Should Know About Ethereum (ETH)

7 Aug 2020 11 minute read 666 comments MuyAsk

Hey guys :) I’m back with another comprehensive Q&A piece, this time for the leading open-source platform for decentralized applications – Ethereum (ETH). Ethereum is a decentralized smart contract computing platform that enables developers to build...

Phantom Wallet Step by Step Guide

12 Aug 2022 1 minute read 2 comments 8bitb4rt

Setting up a Phantom wallet on Solana  Phantom is the Solana ecosystems most popular wallet. It also happens to be my favorite wallet in any ecosystem. Here is a guide on how to get started with Phantom and your Solana journey.  Step1: Go to https://...

PUBLISH0X VS (google) BLOGGER

13 Aug 2022 3 minute read 0 comments CMC staking

The adoption and use cases of cryptocurrencies has changed the whole game. Google BLOGGER is a free tool for creating blogs and blogsite. Launched it was launched on August 23rd 1999, pyralab developed it before it was finally acquired by Google in...

Tornado Cash Crackdown Spreads to Europe and Puts Government Oversight in the Public View

13 hours ago 5 minute read 1 comment Cje95

When the U.S. Treasury Department announced the crackdown on Tornado Cash the government took its boldest and most visible steps in the crypto realm. Before this blacklisting, most of the crypto regulation and enforcement we had seen in this space di...