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.
šŸ”¹Convenience
šŸ”¹Ā Security
šŸ”¹Autonomy
šŸ”¹Ā 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
šŸ”¹Limited integration
šŸ”¹Poor user experience
šŸ”¹Lack of oversight
šŸ”¹Volatility 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.
A roadmapĀ is a visual representation of a step-by-step project development scenario. A roadmap includes the main events that should occur with the project within a certain period of...
22.06.2021
Users can now Stake the following tokens on Unifarm (Polygon) platform.   UFARM- UniFarm RAZE- Raze Network ELK- Elk Finance EZ- EasyFi Network FRM- Ferrum Network BLZ-...
22.06.2021
AutoShark Launched AĀ New Oceanic $PIRATE TreasureKey Vaults From PantherSwap. Users can now Stake $PIRATE to earn $WBNB on AutoShark Vaults platform. How do you stake PIRATE to earn...
22.06.2021
Leading early-stage venture capital firm Morningstar Ventures is the latest member of the Polkastarter Council. The Polkastarter Council is an independent arbiter body that is crucial to the...
22.06.2021
Avaware Yield Farming Round #5 On Elk Finance Users can now Stake $AVE-ELK LP to earn $ELK on Elk Finance Avalanche platform. How do you deposit AVE-ELK LP to earn ELK rewards? Visit this...
22.06.2021
UMA provided a more technical explanation detailing the payout function and walk through how a range token is constructed and valued. Review From First Article The range token allows a DAO...
22.06.2021
Beam introduced Recap of Week #25, coveringĀ June 14th – June 20th 2021. A big week for Beam with the unveiling of the Beam Roadmap for 2021. A huge spec-out of the confidential DeFi...
22.06.2021
KABOSU aims to become a globalized decentralized alternative for holders in the light of an ever-expanding market. The ecosystem will be deployed through a multi-stepped plan. The Ecosystem...
22.06.2021
Users can now start to StakeĀ CAKE to earn FORM and Stake FORM-BUSD LP to earn CAKE on PancakeSwap platform. How do you stake CAKE to earn FORM rewards? Visit this...
22.06.2021
Idle released Weekly Beats, newsletter for regular dose of updates, new features & announcements from the team. šŸ”¹Core Beats Idle is sponsoring ETHGlobal event #Hackmoney 2021, one of...
22.06.2021
Oxen released Weekly Dev Update #156 aboutĀ Service Node reward batching and storage server authentication change,Ā Visual onion routing indicators and improvements to Session’s...
22.06.2021
Polkastarter, a Protocol built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralized and interoperable environment based on Polkadot. Liquidity...
22.06.2021
After the launch of $SEEDS, they have taken notice that Harvest Lockup is not the same for everyone, hence it can cause arbitrage dumping on one another, unlike Lavacake where everyone has...
22.06.2021
Next generation digital game economy, game engine, IDE and blockchain for decentralized game development, Cocos-BCX will complete its migration on 30th June 2021 Singapore Time at 2:00 PM....
21.06.2021
Avaware Farm And Garden Olive Pool Are Now Live On Olive Cash Avalanche Network. Users can now Stake OLIVEĀ to earn AVE andĀ Stake AVE-AVAX LP to earn OLIVE tokens on Olive Cash (Avalanche...
21.06.2021
Wootrade Farm And Syrup Pool on PancakeSwapĀ Are now Live! Users can now start toĀ StakeĀ CAKE to earn WOO and Stake WOO-BNB LP to earn CAKE on PancakeSwap platform. How do you stake CAKE to...
21.06.2021
SAFETREES isĀ  a decentralized eco-friendly community where $TREES token holders earn passive rewards and support environment-centered projects that benefit local tree growers who are doing...
21.06.2021
A new pCWS-BNB WFarm will also open with bonus WEX rewards for farmers. https://app.wault.finance/bsc/#farm WPool Reward Details Total Rewards: 13 750 pCWS(~ 100K USD) Rewards Period: 5...
21.06.2021
1 187 188 189 190 191 255
Market Stats:
BTC Dominance: 64%(+0.13%/24h)
ETH Dominance: 9.33%(-0.06%/24h)
Defi Market Cap: $108.57B(-21.89%/24h)
Total Market Cap: $3282.85B(-0.32%/24h)
Total Trading Volume 24h: $80.76B(-45.82%/24h)
ETH Market Cap: $306.44B
Defi to ETH Ratio: 35.43%
Defi Dominance: 3.19%
Altcoin Market Cap: $1181.83B
Altcoin Volume 24h: $43.77B
Total Cryptocurrencies: 34800
Active Cryptocurrencies: 9662
Active Market Pairs: 104146
Active Exchanges: 824
Total Exchanges: 10524
BTC: 105707.38$(0.23%/1H)
ETH: 2538.37$(0.2%/1H)
AVAX: 19.04$(0.42%/1H)
BNB: 646.61$(0.11%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.63$(0.23%/1H)
DOT: 3.79$(0.25%/1H)
UNI: 7.44$(1.86%/1H)
CAKE: 2.38$(0.03%/1H)
SUSHI: 0.62$(0.67%/1H)
ONE: 0.01$(0.72%/1H)