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.


How User Friendly Terra Luna DeFi Ecosystem is Today?

15 Oct 2021 1 minute read 0 comments 0fajarpurnama0

Terra Luna is a collection of fiat stable coins but in the future will strive to become the decentralized finance (DeFi) of tokenize real world assets. One of the projects is Mirror Finance where we can invest in tokenized stocks freely, fast, and ch...

Why Symbiosis Beats the Competition?

15 Oct 2021 1 minute read 3 comments Symbiosis Finance

Symbiosis disrupts all things crypto by allowing you to Swap any token to any token (bye-bye limited pairs!) Move liquidity across different chains instantly One click (in MetaMask) is all it takes Use one safe platform and remain scam free You ca...

Aqarchain: Decentralized Real Estate Investment Ecosystem

15 Oct 2021 3 minute read 0 comments Top ICO

Blockchain is a technology that can be applied in various sectors such as finance, games, etc. In the real estate sector blockchain technology is very useful to make this sector decentralized and transparent to all. Blockchain technology allows t...

Top 3 Polygon Ecosystem Crypto Tokens

15 Oct 2021 2 minute read 3 comments Heath Muchena

Polygon (MATIC) Formerly known as Matic Network, Polygon is a protocol that was created in order to facilitate the creation and connection of blockchain networks compatible with Ethereum. Polygon is designed for aggregating scalable solutions on the...

HyperBoost is a Hyper-deflationary Token With a Modern Protocol

15 Oct 2021 3 minute read 0 comments Bitloca

Abstract Deflationary is a protocol that was developed to become a protocol that allows cryptocurrencies to have a real economic system. With the deflationary protocol, cryptocurrency prices can become more stable and even increase in the future...

Orion Money - Use your Stablecoins on Terra at 20% APY

15 Oct 2021 9 minute read 1 comment EverythingBlockchain

  The tools of traditional finance like treasury bills and deposit certificates known to bear yields have taken a backseat with cracks all over. DeFi is that breeze of fresh air aimed to correct the existing systemic flaws. Brief Overview The cr...

Bitcoin $500,000 Prediction, Polkadot’s Parachains Ready For Launch, Top DeFi Surpasses $100B in Trading Volume

15 Oct 2021 2 minute read 0 comments GetBlock

ARK Invest’s Cathie Wood claims Bitcoin (BTC) is ready for 10x rally while DOT explodes onto Top-10 cryptos. Today, on Oct. 14, 2021, Bitcoin (BTC) price briefly touched $58,000 level. Thus, flagship crypto smashed five-months high: Bitcoin hasn’t b...

BANANO Monthly Update #42 (October 2021)

15 Oct 2021 6 minute read 3 comments banano

It’s time for another fresh Monthly Update from the BANANO ecosystem! The idea of those monthly updates is to keep our community informed, provide a good starting point for new people looking at the project, and to be transparent about BANANO’s ongoi...

BANANO Monthly Update #41 (September 2021)

15 Oct 2021 5 minute read 0 comments banano

It’s time for another fresh Monthly Update from the BANANO ecosystem! The idea of those monthly updates is to keep our community informed, provide a good starting point for new people looking at the project, and to be transparent about BANANO’s ongoi...

HALO Network's Tokens Utility (HO, HOS, HOR)

15 Oct 2021 3 minute read 0 comments RitabeII

HALO Network is a blockchain specifically built to support the growth of DeFi DApps. That is a hefty objective, so it’s no surprise to see the distributed ledger map out strategies and products aimed at making the blockchain conducive for DeFi to thr...