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.
Tidal Finance partners with HOPR. The HOPR protocol provides network-level and metadata privacy for every type of data exchange. Through this collaboration, Tidal Finance will offer an extra...
07.04.2021
PancakeSwap added Tokocrypto to Farm and Syrup Pool How to stake $CAKE to earn $TKO rewards? Visit this webpage: https://pancakeswap.finance/syrup Click “Approve CAKE” on the $TKO...
07.04.2021
Launcher Finance is conducting an IDOHunt token sale on their website. The event got started early 7th April 2021. The public sale was divided into 2 set of pools . PUBLIC POOL  🔸 Max...
07.04.2021
Beefy Finance Partnered With Yield Bay to launch 2 new Vaults Users can now stake PALM-BNB LP and PALM-BUSD LP to earn rewards on Beefy Finance platform. How to stake PALM-BNB LP and...
07.04.2021
Pyth Network is a next generation oracle solution designed to bring Hifi data to DeFi. Pyth Network is being built by some of the biggest names in traditional finance and DeFi with the goal...
07.04.2021
Dexe Network has been partners with Kattana the ultimate trading terminal on decentralized finance space. With Kattana, Dexe traders can now be able to trade without living their...
07.04.2021
Everest will integrate Chainlink Price Feeds to accurately calculate USD conversions on its DEX, as well as launch #Chainlink node to securely feed KYC, AML, & KYB data to smart...
07.04.2021
Swamp Finance Launches 2 New ApeSwap Vaults for ETH-BNB LP and BUSD-USDC LP How do you stake LP to earn on SwampFinance? Visit this webpage: swamp.finance/app Stake your ETH-BNB LP and...
07.04.2021
Nsure Network announced latest development update: Underwriting on Mainnet is now live! You can now underwriter all batch 1 products added into the Nsure Marketplace, and commence...
07.04.2021
Clover announced partnership with My Neighbor Alice (MNA). MNA is exploring to bridge their Non-Fungible Tokens (NFTs) to the Polkadot ecosystem through Clover. Through this strategic...
07.04.2021
Cook Protocol is a completely decentralized cross-chain asset management platform built for investors and professional asset manager to unlock the universe of decentralized...
07.04.2021
AllianceBlock launched successfully Data Tunnel Minimum Viable Version MVP version. Version that is demonstrating the core concept of #AllianceBlock Data Tunnel on #Ethereum network,...
07.04.2021
Ditto.money Vampire Swap 4 was in great demands and sold out in just 72hrs. Swap 5 to be launched soon! Stake $DITTO for $xDITTO and $xDITTO for other rewards. $xDITTO – backed by...
07.04.2021
 Wing Finance the lending platform powered by Ontology Network went live on Ethereum. Being launched in Ethereum, users now have a broader option to lend, borrow, in either Ontology or...
07.04.2021
PancakeSwap added APYSwap to Their Syrup Pool How do you stake $CAKE to earn $APYS rewards? Visit this webpage: https://pancakeswap.finance/syrup Click “Approve CAKE” on the APYS Syrup...
07.04.2021
First decentralized, peer-to-peer NFT insurance coverage platform dART Insurance will be having a IDO on BSCPad   The event will takes place on 16rh April 2021 and there will be 3,890,000...
06.04.2021
Rai Finance integrates with Avalanche to expand cross-chain asset trading  Avalanche has achieved remarkable success in ecosystem development and community growth, and the release of the...
06.04.2021
🔑 Injective released March 2021 Update. 🔑 Learn about launch of Equinox staking, #InjectiveLabs NFT initiatives, new collaborations, a focus on global community building, & much...
06.04.2021
1 237 238 239 240 241 251
Market Stats:
BTC Dominance: 57.46%(-0.29%/24h)
ETH Dominance: 12.05%(+0.01%/24h)
Defi Market Cap: $113.56B(-25.26%/24h)
Total Market Cap: $3283.97B(-1.33%/24h)
Total Trading Volume 24h: $135.02B(-22.18%/24h)
ETH Market Cap: $395.73B
Defi to ETH Ratio: 28.7%
Defi Dominance: 3.31%
Altcoin Market Cap: $1396.97B
Altcoin Volume 24h: $92.19B
Total Cryptocurrencies: 32940
Active Cryptocurrencies: 10443
Active Market Pairs: 95050
Active Exchanges: 772
Total Exchanges: 9798
BTC: 95284.41$(0.53%/1H)
ETH: 3285.1$(0.79%/1H)
AVAX: 36.65$(1.31%/1H)
BNB: 649.61$(0.84%/1H)
MATIC: 0.47$(0.91%/1H)
FTM: 0.97$(1.05%/1H)
ADA: 0.89$(1.04%/1H)
DOT: 6.86$(1%/1H)
UNI: 13.93$(0.87%/1H)
CAKE: 2.34$(1.06%/1H)
SUSHI: 1.45$(1.71%/1H)
ONE: 0.03$(2.13%/1H)