Read DeFi News, Opinion and Analyses Created By Users

DeFi

11,284 Articles 292 Followers

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.


My Crypto and IRL Black Friday Shopping !

29 Nov 2021 1 minute read 0 comments Crypto_Lemon

Hi HODLers and shoppers, I felt today was a great day to shop in stores/online and in the metaverse/crypto world as we had deals and discounts in both worlds. I also want to update you on my HIVE stake: I still did not sell a single $HIVE and I am n...

DafriBank: The Multipurpose African Bank

29 Nov 2021 2 minute read 0 comments Top ICO

Since the advent of cryptocurrencies, people globally nowadays are not difficult to get access to a modern and transparent banking platform. By gaining access to a more modern banking platform, users, especially those in areas that are not covere...

dCombat is an MMA Platform on the Blockchain

29 Nov 2021 3 minute read 0 comments Bitloca

Abstract If you are a fighting tournament lover, then you must be familiar with mixed martial arts or commonly known as MMA. This is a full-contact combat sport based on striking, grappling, and ground fighting, incorporating techniques from var...

Numbers Protocol is Now Using ChainPort to Gain Interoperability

29 Nov 2021 1 minute read 0 comments Melusine

By Maximiliano Stochyk Duarte TL;DR; Numbers Protocol is now part of ChainPort’s growing ecosystem of projects that want interoperability as part of their roadmaps. $NUM is now available to trade and stake via TokensFarm.com on Binance Smart Chain....

How to Participate in IDO on Lightning

29 Nov 2021 1 minute read 0 comments Zied Chaabane

We are excited to announce a new date of our upcoming IDO on the Lightning Launchpad! Thanks to our partners and early investors who helped us through this process. The IDO of the $FINT token will take place on Lightning Launchpad starting on Decembe...

Free Features From Solanium: Lottery Tickets

29 Nov 2021 1 minute read 1 comment safmial

Solana is a successful and growing project that has been operating since 2020. The protocol is designed with a focus on minimizing transaction costs, but at the same time it is ready to guarantee scalability and fast processing. My personal attitude...

Zombies Have Graduated from ApeSwap’s BUIDL Program!

29 Nov 2021 1 minute read 0 comments RugZombie Undertaker

Zombies everywhere rejoice, the Zombie Horde has passed the most recent graduation proposal on our BUIDL partner apeswap.finance. RugZombie joined the ApeSwap BUIDL program in early Fall due to some of the attractive incentives to host our liquidity...

Harmony Ecosystem (Top 3 Tokens)

29 Nov 2021 3 minute read 0 comments Heath Muchena

Harmony (ONE) Described as a blockchain that runs Ethereum applications with 2-second transaction finality and 1000 times lower fees, Harmony is effectively an open platform for assets, collectibles, identity, and governance. It offers secure bridges...

Klaytn in focus, bridging the gap between private and public blockchains

29 Nov 2021 2 minute read 3 comments Austras

Public blockchains enjoy a open and decentralized chain where strength lies in the numbers of nodes and users. Sadly this comes with drawbacks as most public blockchains are either very expensive or slow, usually they try to make up for this by sacri...

Under the upsurge of the Bitcoin blockchain, the U.S. Commodity Futures Trading Commission began to pay attention to the digital currency market

29 Nov 2021 5 minute read 0 comments parismexi

As more and more market participants are increasingly interested in bitcoin derivatives, the US Commodity Futures Trading Commission (CFTC) is paying more and more attention to the development of the virtual currency field. In a little over a year,...