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.
bZx organises governance Call # 19 with weekly regular updates, Friday, May 7, 2021, at 9am PST/12 pm EST (17:00 UTC).
This community call has been recorded and uploaded to Youtube for you...
Swamp Finance New Vaults
Since Pancake Swap Migrated to V2, Swamp Finance needed to remake the vaults.
They have added bunch of new vaults on the platform. Users is now be able to stake on...
Polaris Defi Partners With Astronaut
Users can now able to stake BNB-NAUT LP to earn on Polaris Defi platform.
How to stake on Polaris Defi?
Visit this webpage: app.polarisdefi.io
About...
An approval-free decentralized & cross-chain burning protocol, innovator of perpetual deflationary blockchain ecosystem, Blackhole Protocol has been partners with Nuls.
With this...
HAKKA introduced Coronation of Winners in #HAKKA Intelligence Round 1, bestowal of Legendary Ping Card NFT. ETH pool, on the other hand, has shown a wider range of prediction allocation....
Crudeoil Finance introduced April Update, brief of what was brewing by the #Crudeoilfinance team.
This article will provide a brief but thorough update about the Yield Farm Optimizer along...
Request is looking for Business Development Manager, exceptional team player with a go-getter attitude & experience in the blockchain industry to join their team.
The Request...
Idle Finance started officially B2B Affiliation Program, in which partners integrated with Idle will get additional $IDLE rewards as a share of the fees generated on the protocol.
Partners...
Kyber Network & Unslashed announced collaboration to purchase bulk insurance for #DMM, covering all liquidity providers & market-makers. Kyber demonstrates the importance of...
Equalizer Finance Introduced Liquidity Mining Program for EQZ/ETH liquidity providers on Uniswap and EQZ/BNB liquidity providers on Pancakeswap.
Users can earn $EQZ tokens from the Liquidity...
ONTOWallet Partnered With APE Swap
What to expect on their Partnership?
ONT/BNB liquidity pool is created on ApeSwap to kick things off.
Ontology’s BANANA Frenzy starts on April...
BurgerSwap has partnered with ROCKI, to bring to BurgerSwap ROCKS token farming pool.
User can stake ROCKS-Burger LP (BLP) tokens and ROCKS-BNB LP (BLP) tokens to earn ROCKS and BURGER...
Phantom is an optimized DeFi protocol for synthetic assets & their IDO issuance supporting real-world asset.
This protocol has following features:
I. Multi-market Synthetic Asset...
Crypto.com introduced several initiatives funded by the Crypto.org Chain Ecosystem Grants Programme.
The programmes are:
1.Simple Code Bounty Programme
Applicable Scope: Smaller features,...
ROSE & Oasis Network integrated with BoringDAO, so #ROSE will gain multi-chain support through #BoringDAO’s multi-chain bridge. The collaboration will bring the full suite of...
BadgerDAO partners with UMA on the next evolution of incentive mining in #DeFi to launch Rebase Mining & DIGG Options Airdrop.
Rebasing mining is an action oriented way for users to earn...
Rocket Vault is a Smart Vault powered by advanced Artificial Intelligence & Machine Learning algorithms. PolkaCover aims to integrate with Rocket Vault by providing flexible,...
To celebrate #dForceLending V2 pre-launching on Kovan testnet at 10am on April 28, 2021 (UTC+8), dForce organises Testenet Campaign to give participants an opportunity to win...