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.
Tapio Incentivized Testnet Launched! Tapio Finance is on Ethereum’s Goerli network and is live. The testnet will run for 30 days till July 26th 00:00 UTC.  As a user, you’ll be able to...
LI.FI partners with Pontoon, an advanced cross-router meta-aggregator that provides users with a seamless gateway for exchanging or bridging assets via its unified intelligence routing. With...
AFKDAO and Lulu Market alliance has been announced recently.  LULU Market, a community-driven Web 3.0 farming game. The partnership between AFKDAO and LULU Market holds tremendous potential...
dappOS partners with Conflux a permissionless Layer 1 blockchain that connects decentralized economies across borders and protocols.  Conflux blockchain is among the growing number of...
Arbidex introduced xARX (Escrowed ARX)the next level that redefines the Arbidex ecosystem. Through these announcements, users will explore the key utilities of xARX, empowering ARX holders...
Subquery partners with White Whale an Interchain Liquidity Solutions protocol within the Cosmos ecosystem. White Whale creates a unifying hub for a token’s liquidity and then sub-divides...
17.06.2023 supports Level Finance the first Perp DEX to integrate! LEVEL is an omnichain decentralized and non-custodial perpetual exchange. Offering a unique user-selected risk management...
LI.FI partners with Wido to build cross-chain zaps for dApps interested in improving the crypto user experience. LI.FI routes any token to any chain. Wido deposits any token to any contract....
AirSwap V4 Unveiled. With the success of V3 and a stellar, AirSwap continues to drive the next generation of decentralized trading protocols with AirSwap V4. Since its relaunch in 2021,...
Kawa partners with Tanssi an Appchain Infrastructure Protocol. Leveraging Tanssi’s advanced infrastructure services and tools, Kawa is well-positioned to efficiently launch its...
Centrifuge partners with SubQuery to boost Data Indexing and Accessibility of their Protocol. Centrifuge is a decentralized finance (DeFi) lending protocol that enables a radically faster,...
Advancing Together: LysitheaVentures Partnership with Roseon LysitheaVentures partnership with Roseon, a leading force in sparking exceptional blockchain startups and initiatives. The...
IOST partners with DeBox to Drive Integrated Development of DID Products & Services in Web3. DBX Global is a Web3 social platform based on blockchain DID. This collaboration aims to...
MyCointainer partners with Wanchain to provide its users with the best opportunities to participate in the Wanchain ecosystem. Wanchain is a blockchain project that aims to drive blockchain...
Qredo partners with CryptoEconLab on a revised tokenomics framework. CryptoEconLab is a renowned crypto-economic services company within Protocol Labs. The primary focus of Qredo’s new...
SaucerSwap launches Sauce Pro enhancing the SaucerSwap experience. SAUCE Pro is a Software-as-a-Service (SaaS) model that offers advanced features to users through an affordable and...
Ontology partners with Alchemy Pay to integrate it’s On and Off Ramp. Ontology is a blockchain network focused on enhancing trust, privacy, and security in Web3. Offers decentralized...
Orbs integrates with Alphaday a popular web3 dashboard for all related happenings in the broader ecosystem. Alphaday has received a grant from the Orbs Ecosystem Grant Program, designed to...
1 2 3 4 5 242
Market Stats:
BTC Dominance: 52.33%(-0.07%/24h)
ETH Dominance: 17.28%(+0.01%/24h)
Defi Market Cap: $72.26B(-27.13%/24h)
Total Market Cap: $1636.61B(-0.31%/24h)
Total Trading Volume 24h: $45.43B(-28.97%/24h)
ETH Market Cap: $282.95B
Defi to ETH Ratio: 25.54%
Defi Dominance: 4.23%
Altcoin Market Cap: $780.12B
Altcoin Volume 24h: $32.46B
Total Cryptocurrencies: 27297
Active Cryptocurrencies: 8881
Active Market Pairs: 66374
Active Exchanges: 680
Total Exchanges: 7479
BTC: 43754.69$(-0.25%/1H)
ETH: 2351.88$(-0.19%/1H)
AVAX: 34.87$(3.2%/1H)
BNB: 240.02$(0.01%/1H)
MATIC: 0.91$(0.19%/1H)
FTM: 0.4$(0.99%/1H)
ADA: 0.6$(-1.08%/1H)
DOT: 7.15$(-0.37%/1H)
UNI: 6.53$(0.09%/1H)
CAKE: 2.49$(-0.17%/1H)
SUSHI: 1.33$(-0.23%/1H)
ONE: 0.02$(0.02%/1H)