Read DeFi News, Opinion and Analyses Created By Users

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.


Earn Bitcoin by Completing Easy Micro Tasks and Simple Offers (LEGIT Paying Website)

6 Jul 2020 1 minute read 0 comments CryptoPk

I have written a few articles about Earning Free bitcoins, and yes I have earned about 45$ through This website so far in a week honestly as I also share proof of withdraws each time. It's so simple to earn even without referral program but referral...

What is Uniswap

6 Jul 2020 8 minute read 10 comments D3F1

Uniswap describes itself as an “Automated Liquidity Protocol” on its homepage. Put simply, it is a decentralized exchange protocol that allows users to swap ERC20 tokens in a trustless manner or add liquidity to the protocol reserves to earn a commi...

Basic Atention Token & AAVE (LEND) could generate gigantic GAINS against BTC.

6 Jul 2020 3 minute read 2 comments Crypto adict (Manu VZ)

Hello family, today we will analyze the behavior in the following weeks of, BAT & AAVE. BAT / BTC Basic Attention Token Coin # 32 in the Coinmarketcap ranking with a total market capitalization of 40,368 BTC and a Volume for the last 24 hours of 8317...

Into The Altcoin Forest - New Projects I'm Looking To Accumulate

6 Jul 2020 1 minute read 5 comments Sapphire

Recently I have been asked about coins I suggest hodling going into the next bull run. Though I don't give financial advice or offer suggestions, what I can do is mention what I am currently hodling and what I am keeping an eye on. In a recent post,...

Market Surprises as There is Now More DAI in Compound than Its Total Supply

6 Jul 2020 1 minute read 3 comments Abhimanyu Krishnan

The amount of DAI on-chain has been eclipsed by the amount of DAI locked in the Compound Finance (COMP) protocol. Dan Yanev, COO of the DeversiFi exchange, pointed out the interesting development on Twitter on July 3, which can be confirmed by taking...

Alts and ShitAlts

6 Jul 2020 2 minute read 0 comments OvermindSB

Ah the cryptoworld.. a world so shiny and glimmering, the air is thick as oil filled with decentralized stars, scale-able mountains, defined woods, oceans of Apps and a huge amount of brown thin string-pulling something that is in attempt to seek fo...

Why hasn't the DeFi Craze Affected Ethereum's Price!?

6 Jul 2020 2 minute read 12 comments johnwege

When many people think about DeFi, perhaps one of the first things you will think about is Ethereum. In the last few weeks the talk has been all DeFi, with coins having to do anything with DeFi surging in price, but not Ethereum.  Why hasn't Ethereum...

Three Indicators That DeFi Is Not A Balloon

6 Jul 2020 1 minute read 0 comments DHEagle

Andrew Kang explained why DeFi is not a balloon, with three factors. When we look at the best performing altcoins in recent months, we see that most of them are decentralized finance (DeFi) tokens. As can be seen in the table shared by crypto analyst...

DeFi Kyber Network: Get Ready for KNC Staking

5 Jul 2020 2 minute read 11 comments tomoyan

I thought COMP and yield farming were very interesting few weeks ago, but the farming and harvest season is pretty much done for now since Compound governance is over adjusting COMP distributions and everything so that interest on BAT supply went fro...

The easiest way to get free cryptocurrencies X2

5 Jul 2020 1 minute read 1 comment Roberto D.

I have already talked about Rollercoin (link HERE), in short it is a sort of "mining simulator" that allows you to earn Bitcoin, Ethereum, or Dogecoin every time a blockchain block is mined in real life, I will explain myself better: Mining is based...