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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.

Lattice will be an evolution of existing DeFi

12 Oct 2020 1 minute read 0 comments Zulus

Lattice is a unique and modernized app that is built using Ethereum for Decentralized Finance (DeFi). The platform is designed for cryptoasset trading and promotes lucrative financial offers. It uses advanced Constellation Hypergraph Technology (HGTP...

Crypto stronger than gold: they are the best assets of 2020

11 Oct 2020 2 minute read 4 comments Roberto D.

The yields of cryptocurrencies have even surpassed those of gold in 2020. Are they the best asset to invest in? The yields of digital currencies this year exceeded those of stocks, bonds, commodities and gold itself, the ultimate safe haven asset, wh...

DEFI - thoughts and predictions

11 Oct 2020 2 minute read 1 comment Heruvim78

Kraken is now the first cryptocurrency company to become a bank. Being an officially chartered bank, Kraken does not need to deal with state-by-state compliance. This is only the start of the trend, and more probably 5 years from now the younger gene...

Less known Tron TRX Yield Farming and Stake DeFi ? ZFI TTH BNKR STRHLD T2X GOLD GFI

11 Oct 2020 1 minute read 0 comments kingscrown

    See yield farming on TRON TRX on places that get popularity and have been checked by me with 3000% APYGold Mine - DeFi TEgsCcJbCuZu2RXPZBwRT8icnDp9ayGnkv&mine=secondShark Dice


11 Oct 2020 3 minute read 0 comments DAPPROMO

In todays article we will introduce you to V2X.Finance – the upcoming yield farming platform from two of the most successful DApps on the TRON Blockchain – VOIDX and T2X. What is V2X? How does it work and when is it going to launch? We have all the a...

Kira Network in simple words

11 Oct 2020 1 minute read 0 comments DronAlex

Kira Network is the DeFi project whose objective is improving the staking industry by enabling delegators to use their staked funds in DeFi ecosystem. How is it possible at all? To start with, let's explain the logic behind the implementation of this...

5 questions about Kira Network you should know

11 Oct 2020 5 minute read 0 comments CryptoN0ob

Kira is the first decentralized network that enables market access to any digital asset in the interchain ecosystem. Presentation ! 01. What is Kira Network ? KIRA is a decentralized network designed to secure and power DeFi applications. This netwo...

Kira Network

11 Oct 2020 2 minute read 1 comment Cryba4

KIRA NETWORK markets itself as the first decentralized network that enables market access to any digital asset in the interchain ecosystem. Essentially you can earn block and fee rewards from staking any digital asset on multiple chains at the same t...

ALPHA : a new DeFi

11 Oct 2020 1 minute read 0 comments Snow Under Sun

Short information about Alpha for help those who will invest. ALPHA is a DeFi project. There will be a total of 1 billion tokens. Before starting on Binance, 133 million tokens were sold to private investors at a price of $ 0.0125. 100 million token...

What innovations does Kira Network bring?

11 Oct 2020 1 minute read 0 comments marchi

With a sudden growth of DeFi we heard a lot about projects aiming to solve non-existent issues. That definitely doesn't apply to Kira - the project changes the multi-billion $ crypto-staking infrastructure.  To start with, nowadays, if the person wan...