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.


📢 Hardcore FC 👉 The First blockchain-based media platform.

5 Dec 2021 1 minute read 1 comment FreedomBuilder

  ✨ Hardcore FC is the world's largest Russian-language martial arts reality show, which streams all of its episodes on YouTube. 🎁 Total Reward Pool: 1,750,000 HARDCoin📌 Get 125 HARDCoin & 250 HARDcoin-G 🔘 NOTE: HARDCoin is their native token and HAR...

Axl is a Decentralized Ecosystem That Offers a Unique NFT

2 hours ago 3 minute read 0 comments Bitloca

Abstract Talking about NFT is endless, every day we find many interesting things from this sector, this is because now many content creators or platforms are starting to be interested in this sector. And also with the increasing number of crypto...

How to Setup Flashbots RPC on MetaMask and Never Lose Ethereum Gas on Pending Transactions

2 Dec 2021 3 minute read 5 comments Charles Gune

Learn how to setup Flashbots RPC and to never lose Ethereum Gas for pending or stuck transactions.  Flashbots RPC allows regular Ethereum users to easily submit their transactions to the Flashbots RPC by using a custom RPC endpoint in their MetaMask...

How is Silo Different from Lending Protocols that Implement Isolated Money Markets?

7 hours ago 2 minute read 0 comments Crypto Guys

The future of DeFi is completely decentralized permissionless systems where communities are allowed to own significant control over the protocols without interference. Restrictions are kept at their barest minimum, while risks are compartmentalized v...

Near Protocol up to $10 reward - CoinMarketCap Learn & Earn Answers

4 Dec 2021 1 minute read 4 comments Dutchcoin

CoinMarketCap users can now learn about Near Protocol and take a quiz to potentially get rewarded.   The $NEAR reward tokens will be distributed randomly among the users who complete the quiz sucessfully before the end of the campaign. The Near Proto...

Crypto.com add BICO coin

3 Dec 2021 1 minute read 3 comments Random_name6942

Biconomy (BICO In short) is now listed on the Crypto.com App. but what is buconomy? Bico is an ethereum-based altcoin that is powered by the economy. is a A network that aims to cheaply connect Users can connect to any decentralized application....

🏦第66周复盘🏦

4 Dec 2021 1 minute read 0 comments Harvest Finance 🇨🇳

Forex流动性挖矿, 与Idle Finance的合作, Bloomberg采访, 与Llama的合作 亲爱的农民们, Harvest度过了忙碌的一周。我们在Polygon板块的农田纷纷上线,$BABL vault的成功部署以及与Llama的合作,都是让人激动的消息。 让我们直接进入正题吧! 总结 1. $BAB...

What is the future of Ethereum Based Tokens

11 Oct 2021 1 minute read 17 comments Defiant Pathfinder

Late last year when the whole crypto market was surging there was another coin type which started making waves in the markets. Some were there all this while but people thought maybe they were just shit coins but all of a sudden they were awaken and...

What’s The Deal With Liquid Staking And xDOT?

27 Nov 2021 2 minute read 0 comments Equilibrium

Liquid staking is a niche and interesting fintech development that has lately emerged among a number of advanced DeFi teams. We are the latest to do so, recently having implemented it for our unified DeFi multitool Equilibrium, and we’d like to talk...

Why are crypto rates rising or falling?

5 Dec 2021 1 minute read 0 comments Ray9312

Daily forecasts for the rates of Bitcoin, Cardano, Etherum and Co. are hardly reliable. Anyway, an investment should be well thought out and designed for the long term. Still, there are some obvious factors that affect crypto prices. These include, f...