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.


DON’T CALL ME SHITDOG - A Degen Story

1 Dec 2021 3 minute read 1 comment DogggoToken

  It was a May night in 2021. Some degen friends were as usual on Telegram discussing their vaunted successful shorts on BTC and the rugpulls they had suffered in search of the best pump of the day. There were those who had lost several ETH in their...

The World of DeFi (Decentralised Finance)

1 Dec 2021 8 minute read 1 comment suguscrypto

What is so impressive about DeFi, and most importantly, what is DeFi? Well, DeFi is currently one of the major use cases in cryptocurrency and one of the many reasons that are keeping this bull run going. DeFi is short for Decentralised Finance. To...

IoTeX embraces MachineFi, a combination of machine and DeFi that unlocks trillion-dollar opportunity

30 Nov 2021 5 minute read 5 comments Olivieres45

IoTeX is thrilled to announce it has embraced MachineFi, an innovative combination of machine and DeFi to monetize machine-driven data, events, and tasks that unlock a trillion-dollar opportunity in the Metaverse and Web3. MachineFi's main objective...

Free Binance Metaverse avatar and more!

30 Nov 2021 1 minute read 0 comments KnightMare

You might not know, but Binance is preparing it’s own metaverse. I only found out via publish0x ( this article, please link them as well!) and posting now myself as well to give it more publicity. To celebrate it, you are able to get a free avatar an...

ETHEREUM HISTORICAL MONTHLY CHART - November 1st, 2021

30 Nov 2021 1 minute read 0 comments TrevorBalthrop

Helloooo out there in the world of Bitcoin!  My name is Trevor bringing to you the Ethereum update now that I should have released earlier this month.Terribly sorry I was not able to get this out quicker but we had a major family accident happen and...

BITCOIN HISTORICAL MONTHLY CHART - November 1st, 2021

30 Nov 2021 1 minute read 0 comments TrevorBalthrop

Helloooo out there in the world of Bitcoin!  My name is Trevor bringing to you an update that I should have released earlier this month.Terribly sorry I was not able to get this out quicker but we had a major family accident happen and the new Windo...

November by numbers - my crypto rewards, staking and crypto-income - Day 62

30 Nov 2021 3 minute read 2 comments Heruvim78

        Splinterlands pre-sale was a success, with 700 packs bought which means that I am up to receive a mandatory 14 Airdrop cards on every step achieved by the pack sales, and this alone may give me a big enough return on my investme...

RugZombie Trading Contest (Cash + NFT Prizes)

30 Nov 2021 1 minute read 0 comments RugZombie Undertaker

To inaugurate RugZombie’s Swap as a Service Integration (more here) with Autoshark, we will launching not just 1 (one) but 2 (two) Trading Contests to celebrate the next step in the Zombie Ecosystem and to commemorate Burnsgiving, which officially be...

Cities Kick Off Races to be the Bitcoin Capitol of the World!

30 Nov 2021 4 minute read 0 comments Cje95

In the last couple of weeks, a ton of news has come out about New York City and Miami competing to become the Bitcoin Capitol. Not to be left out El Salvador then dropped the news of creating its volcano-powered Bitcoin Capitol for the world. This ha...

我们与Babylon Finance合作上线新Vault了

30 Nov 2021 1 minute read 0 comments Harvest Finance 🇨🇳

Harvest与Babylon开启了进一步的合作。 亲爱的农民们, 我们很高兴与Babylon的合作又进入了下一个环节。在2021年初的时候,我们的69委员会就参加了Babylon共计$190万的种子轮投资。可以说,Harvest是Babylon生态系统的早期关键合伙人。 这个月早些时候,农...