Defi News
What is DeFi?
DeFi, or decentralized finance, is one of the biggest things in the blockchain and crypto industry right now. And it’s easy to see why: DeFi provides a variety of financial services that use blockchain technology to cut out middlemen and reduce costs.
How does DeFi work?
Decentralized finance is a new approach to the financial industry and banking. It uses blockchain technology, or what some people call cryptocurrency, and applications called dApps. In this system, transactions are recorded on a blockchain or a ledger of transactions. The secure ledger creates a record that cannot be altered or hacked by third parties and allows multiple users to verify the transactions through consensus.
The chain is a structure that links together the blocks of information it holds. Each block in the chain can hold a certain amount of data and contains an encrypted hash link to the previous block. The data contained in each block cannot be changed or altered, because once a block is completed it cannot be changed and the following blocks are all dependent on its information. This technology provides secure transactions through these permanent links and breaks down data to a manageable size by breaking it into pieces.
Pros of DeFi
The DeFi movement aims at introducing various benefits for customers and investors. Some of the notable advantages of DeFi would include the destruction of negotiators alongside centralized control. With these, one gains more transparency and control, whilst obtaining a decentralized network wherein all entities are granted access to financial services.
DeFi, which is also referred to as decentralized finance and dApp development, is the abstract of blockchain technology, a concept that has developed over time to address issues such as the lack of trust between users. DeFi would allow the creation of decentralized platforms that are designed to help in creating investment opportunities on a sustainable basis.
🔹Convenience
🔹 Security
🔹Autonomy
🔹 Profitability
Cons of Decentralized Finance
While the benefits of DeFi are many, it is important to get a neutral opinion about its cons and drawbacks as well. The majority of problems associated with today’s DeFi projects are generally linked to blockchain and other related technologies. Blockchain’s scalability issues have caused headwinds for the implementation of smart contracts in specific industries like supply chain management. On the other hand, blockchain’s security concerns have also dissuaded many investors from supporting DeFi startups
🔹Limited integration
🔹Poor user experience
🔹Lack of oversight
🔹Volatility and risk
The Future of DeFi
Decentralized finance is growing at a rapid pace with no signs of slowing down. But while the technology behind this innovation is truly fascinating, there are still many aspects lacking when it comes to a complete ecosystem. Current laws were crafted based on the idea of separate financial jurisdictions, each with its own set of laws and rules.
As demand for DeFi grows, concerns arise over who is responsible for investigating financial crimes that occur across borders. Who would enforce the regulations, and how would they enforce them? Other concerns include system stability, energy requirements, carbon footprint and hardware failures.
Harmony Farm and Syrup Pool are now Live on PancakeSwapplatform.
Users can now Stake CAKE to earn ONE and Stake ONE-BNB LP to earn CAKE tokens.
How do you stake CAKE to earn ONE...
Injective describes the nature of on-chain governance on the Injective Chain and provides a detailed overview of the lifecycle of a governance proposal.
The Lifecycle of a Governance...
For the first and second quarter of the year, Orainhain has estatablish its platform and successfully launched its Mainnet, Oraichain Studio, updating yAI.Finance to be more intuitive,...
Saber is announcing an integration with Terra to launch the first TerraUSD (UST) stable pool on Solana. Starting today, users will be able to trade UST and earn yield by supplying...
Autonio is bringing Ren assets to Smartdex in the latest step in drive to facilitate faster and easier transactions for users. Starting with new farming campaign on July 12, traders will be...
HydraSwap is building a next generation DEX designed to provide cross-chain asset management solutions to traders and liquidity providers (LPs). The platform is powered by Solana blockchain...
A robust DeFi protocol built on the BSC, allows issuance, trade, and management of decentralized derivative assets Octopus Protocol announced its buyback program. To start with. Octopus...
ZeroSwap Exchange is being integrated with Market Making Suite by initially taking the support of leading AMM Dexs on various blockchains like Ethereum, Binance Smart Chain, and Polygon,...
New Easyfi Network EZ Vault Was Launched On Beefy Finance (0xPolygon)
Users can now Stake EZ–DFYN LP to earn on Beefy Finance.
How to Stake on Beefy Finance?
Visit...
The new official Iron Finance token to replace the TITAN token will be the ICE token.
ICE tokenomics
– Max supply 10 billion ICE (hard cap)
– Max supply to be reached in 3...
BabySwap Farm And Trade Mining For Crypto Doggies Are Now Live. Users can now Stake DOGGY-USDT LP to earn BABY tokens on BabySwap platform.
How do you stake DOGGY-USDT LP to earn BABY...
Olive Cash Will List Laika Protocol to their Farm and Garden Olive Pool on Binance Smart Chain and Avalanche Network.
[BSC] The Olive Garden Pool :
Stake OLIVE tokens, to...
Plethori shares a full update of the latest developments to Plethori’s ecosystem, including the most recent development achievement.
Plethori’s development team has now completed the...
CafeSwap Finance Staking Pool For JGNDeFi Now Live on CafeSwap Platform.
Users can now Stake BREW to Earn JGN tokens on CafeSwap platform. How do you stake CAKE to earn JGN...
Olive Cash Will List Blastoff Finance to their Farm and Garden Olive Pool on Binance Smart Chain. How do you stake OLIVE to earn BLAST rewards?
Visit this...
PancakeSwap Will List Mask Network To Their Farm and Syrup Pool How do you stake CAKE to earn MASK rewards?
Visit this webpage: https://pancakeswap.finance/syrup
Click “Approve CAKE”...
Oxen is upgrading the way they do Service Node updates.
Over the coming week, they’ll be trialling a new method of upgrading the Service Node network.
Why?
Previously, Service Nodes...
OptionPanda released Progress Report for June 20-July 4, 2021.
🔹Operational progress
Overview of Market Statistics
1.As of July 4th, 2021, OPA total supply of 23,994,346 pieces OPA ,...