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.
UMA introduces the Range Token – a new treasury primitive that enables DAOs to access funds and diversify their treasury without directly selling their native tokens.
UMA’s flexible...
RAMP x IoTeX announced partnership, so IoteX vault is live on RAMP V2.
IoTeX token holders now can unlock liquid capital from their farming assets by collateralizing PancakeSwap IOTX-BUSD LP...
Thorstarter introduced guide how to participate in Strategic Sale.
The strategic round will stay open for approximately 2.5 days — the pending approval window for the THOR $RUNE-$XRUNE...
PancakeSwap to list O3 Labs to Their Syrup Pool & Farm.
How do you stake CAKE to earn O3 rewards?
Visit this webpage: https://pancakeswap.finance/syrup and...
Olive Cash Will List UltraNFT To Their Farm And Garden Olive Pool On Binance Smart Chain.
How do you stake OLIVE to earn UNFT rewards?
Visit this webpage:Â https://olive.cash/pools
Click...
 A high performance infrastructure that allows smart contracts to scale and travel seamlessly through heterogeneous blockchain networks Meter.IO welcomes Ampleforth to its bundle of...
MultiPad is a community governed decentralized multi-chain powered launchpad, enabling upcoming promising projects to raise fund. The platform introduce The Elite, lottery system.
HOW IT...
Icing Sugar Mining 2 with BSC Edition will goes live June 15, at 4am UTC
O3 labs has partners with five BSC project, including Binance Smart Chain, PancakeSwap, Venus Protocol, Autofarm, and...
Polkastarter introduced guide how to participate in a Polygon Pool during a Polkastarter IDO.
Tomorrow, on June 15, the first Polkastarter IDO on Polygon will go live with meme.com!
If...
Money Blizzard Launched New SnowBank Pools For Bakery Swap
Users can now Stake the following Bakery Swap LP’s on Money Blizzard SnowBank Pool and earn GALE, XBLZD and ibBNB...
Genshiro & Chainlink Price Feeds announced integration to release a limited run collection of NFTs featuring cats pertaining to different cryptocurrencies.
BTC, ETH, DOT, KSM, GENS, and...
Beefy Finance Launched a New QuickSwap DEX Vaults Deployed On 0xPolygon
Users can now Stake the following Pairs to earn on Beefy Finance (0xPolygon) platform.
UNI–QUICK...
Gnosis is looking for Visual Designer to build new market mechanisms for decentralized finance.
Tools: Figma, Sketch, Invision, Zeplin What you’ll do: Be the main touchpoint for...
Opulous brings Decentralized Finance to the music industry, changing how artists access the funding they need and providing a launchpad for the first music copyright-backed NFTs. The...
PancakeSwap Has Added Ampleforth To Their Farm And Syrup Pool
Users can now Stake CAKEÂ to earn AMPL-BSC-mp and Stake AMPL-BSC-MP-BUSD LP to earn CAKE.
How do you stake CAKE to earn AMPL...
xSigma explained how to earn up to 50% APR as a Liquidity Provider with no Impermanent Loss.
Impermanent loss (IL) is the scourge of liquidity providers. LPs who lock their tokens into pools...
Olive Cash Will List To Team Trees Their Farm And Garden Olive Pool On Binance Smart Chain.
How do you stake OLIVE to earn TeamTrees rewards?
Visit this...
InvestDex will display its IDO pool (with details) on TosDis platform on June 14th, 2021, at 12 PM UTC (and it will open at 2PM UTC).
Date: June 14th, 2021
Time: 2PM UTC
IDO Price — $...