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.
Orca Whirlpools Rotation #16: November 17th — December 1st A storm is no match for the apex predator of Solana DeFi… Orca Whirlpools Rotation #16 Duration: Thursday November 17, 2022...
20.11.2022
DOJO platform overview showing how the DOJO Coins economy works. Dojo Smart Chain is a new cryptocurrency platform aiming to make digital currencies use in business a reality. It features...
19.11.2022
LABS Group partners with IQ Protocol. Liquid Assets Brokerage System (LABS) is using decentralized finance and governance to create efficiencies in raising capital and creating more liquid...
19.11.2022
Celer expands support of zkSync to include asset bridging and message passing (Celer IM) for zkSync 2.0. Celer has successfully integrated with the zkSync 2.0 testnet and will launch on Day...
19.11.2022
UniLend V2 Relaunched Bug Bounty On Immunefi UniLend V2 Relaunched Bug Bounty On Immunefi. The UniLend a comprehensive permissionless DeFi protocol. Whereas other DeFi protocols support only...
18.11.2022
WEMIX PLAY coming to WEMIX3.0. WEMIX PLAY, which will form a mega ecosystem of blockchain game platforms, will begin its Phase 1 mainnet transition. Furthermore, the WEMIX PLAY mainnet...
18.11.2022
AshSwap partnership with AutoScale Announcement Ashswap partnership with Autoscale — a unique gem in MultiversX with many potentials with their yield optimization features. The...
18.11.2022
DeltaPrime Partners with Trader Joe DeltaPrime partners with Trader Joe, To unlock deep capital efficiency for the Avalanche ecosystem, by empowering the active liquidity provisioning...
18.11.2022
AlgoCellar, a comprehensive asset management protocol, and Humble DeFi, an Algorand native project, announced a strategic partnership. As a part of this partnership, AlgoCellar and Humble...
17.11.2022
Silo Finance integrates Chainlink Price Feeds on Ethereum mainnet to help secure pricing on isolated lending markets. By integrating the industry-leading decentralized oracle network, Silo...
17.11.2022
Eclipse Pad announced Eclipse pad’s partnership and integration with cross-chain swap and liquidity routing module Squid. Squid is a cross-chain swap and liquidity routing module built on...
15.11.2022
BiswapDEX partners with IguVerse a GameFi App that redefines the concept of NFT using AI / ML technologies. IguVerse is creating a pet-centric Play to Earn social-network game. It’s a...
14.11.2022
Meter ecosystem update represents how Meter Network grows its project constantly. At Meter Foundation, its key focus is Meter ecosystem growth and ensuring critical infrastructure support to...
12.11.2022
ETHA Lend is now integrated into the Safe (formerly Gnosis Safe) Ecosystem Environment on two major chains, Polygon and Avalanche. Multi-sig wallets operate with multi-signature addresses,...
12.11.2022
“Cool Cats FC” Collection Launch on Ethereum Blockchain  by Cool Cats Group, Animoca Brands, and OneFootball Labs. The collection offers holders an exciting opportunity to become part...
11.11.2022
This content is password protected. To view it please enter your password below: Password: ...
11.11.2022
Witnet oracle is securely providing price feeds, randomness, and GraphQL feeds to Dogechain’s Polygon edge chain. Because Witnet is a layer one, the incentive of the network was able to be...
11.11.2022
Finoa Partnership With Meta Pool Finoa partnership with Meta Pool, the leading liquid staking solution built on NEAR, is now live. The integration set to allow investors to earn rewards on...
10.11.2022
1 2 3 4 231
Market Stats:
BTC Dominance: 38.11%(-0.15%/24h)
ETH Dominance: 18.35%(+0.05%/24h)
Defi Market Cap: $37.98B(-14.28%/24h)
Total Market Cap: $858.69B(+0.90%/24h)
Total Trading Volume 24h: $36.93B(-13.78%/24h)
ETH Market Cap: $155.48B
Defi to ETH Ratio: 24.43%
Defi Dominance: 4.24%
Altcoin Market Cap: $531.48B
Altcoin Volume 24h: $18.14B
Total Cryptocurrencies: 21910
Active Cryptocurrencies: 8981
Active Market Pairs: 58311
Active Exchanges: 528
Total Exchanges: 4354