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.
🔹 Security
🔹 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.
🥂  NEAR & Request Network announced collaboration. 🥂 $NEAR is listed on #Request Invoicing, bringing another token from a world-class dApp & blockchain platform to #Request...
🥂  Frontier Forms Strategic Partnership with Unmarshal. 🥂 The goal is to power rich & decoded data querying to #Frontier’s Mobile DeFi Aggregation layer. #Defi_Eagle #Defi...
⚙️ ForTube V3 is an upgraded version that #ForTube combined with the current DeFi ecosystem & historical experience. ⚙️ Holders not only earn investment income of $fDAO tokens,...
💠 SakeSwap is organises #PancakeTastesBetterWithSake Campaign with $3,000 worth of #BEP20 $SAKE until 10 am on 5 April (UTC). 💠 Following all rules, 60 winners will earn $50...
🔑 EURxb released article Building a stable(coin) bridge. 🔑 #EURxb is building a stablecoin with robust and transparent backing, making use of conventional finance mechanisms without...
💠 THORchain released Weekly Dev Update #86, 15–21 Mar; Interface readiness, V0.19.2, Community Updates. 💠 #THORchain is qualified decentralized liquidity network. #Defi_Eagle #Defi...
⚙️ Loopring is hiring Head of Community & Head of Growth. ⚙️ #Loopring is an Ethereum zkRollup protocol – a secure layer-2 scaling solution that also builds & operates...
🔑 Crudeoil Finance organises AMA with Momo Protocol, Mar 22 at 12PM UTC. 🔑 For the best questions users have chance to share $150. #Defi_Eagle #Defi...
💠 WePiggy announced  “FlyingPiggy” NFT now open to be claimed. 💠 #WePiggy will officially launch on #OKExChain soon, and the exclusive NFT “LuckyPiggy” will be released at...
⚙️ mStable announced $mUSD migration, 22nd March. ⚙️ The newly upgraded bonding curve will be able to flexibly target bAsset weights, guarantee a minimum amount of liquidity, be more...
🥂 Injective is partnering with KardiaChain to expand cross-chain trading universe. 🥂 The goal is to add #KardiaChain into #Injective, in order to provide more assets for users to...
🌐 accelerator is now working at Benchmark at full speed. 🌐 They have made connections with #Binance & #OrbsNetwork which are able to leverage for the growth of...
💠 Yearn released Partner Roundup #10, weekly newsletter summarizing everything in #Yearn’s partner ecosystems. 💠 Learn about Maker greenlight poll for xSUSHI is live, 5 new Pickle...
🥂  Opium Network is first adopter of pNetwork new bridge for #BSC, enabling ETH & Ethereum-based tokens to be moved to BSC. 🥂 #pNetwork is a great project that powers highest...
⚙️ Maker released article What Are Blockchain Bridges, & Why are they Important for DeFi? ⚙️ Blockchain bridges enable interoperability between different networks & between a...
💠 Yam released Brief 9: Double uGAS & uSTONKS Rewards, the latest news and developments from #YamDAO. 💠 #YamFinance is a Decentralised Autonomous Organization building innovative,...
💠 Idle introduced article about Leagues & how they work. 💠 #Leagues would be entitled to reward full-time participants in each organizational unit, avoiding burn-out & ensuring...
🥂  Collateral announced that AU21 Capital has invested in #Collateral $COLL. 🥂 #Collateral is leading Decentralised Payment Gateway on the network. #Defi_Eagle #Defi...
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