DeFi represents all financial instruments built on the blockchain, more often Ethereum. They are based on open source protocols or modular structures.
Decentralization is not always appropriate, and many DeFi applications take this into account. They offer hybrid digital assets / traditional financial services, such as BlockFi. An alternative term is “open finance”, in which an ecosystem of integrated digital assets, blockchains and open protocols merges with traditional financial structures.
The idea is that DeFi will replace the traditional technologies of the current financial system with open source protocols that meet the same needs. This is a promising idea, its potential is estimated at billions of dollars.
DeFi proponents compare this phenomenon to how the Internet has replaced traditional media channels.
Posts in this category:
Synthetix, the decentralized asset deployment protocol - DeFi has not yet been exploited to its full potential and many features are likely to appear through the various projects that make up this very dynamic ecosystem. It is now possible to lend your cryptocurrencies to get interest, using ... Read more
The Graph protocol integrates Binance Smart Chain into its ecosystem - Binance Smart Chain joins The Graph (GRT) According to a press release dated March 2, The Graph (GRT) indexing protocol now supports the Binance Smart Chain (BSC). This new feature will allow developers to create application programming interfaces (APIs) for ... Read more
Ternoa (CAPS) – Take your memories through time with the blockchain - Ternoa (CAPS), transmit your memories and private data with the blockchain How can you ensure that your memories, your private data, or anything else is reliably transmitted in the future? Safety, durability, respect for integrity, all essential components to ... Read more
How do I set up MetaMask to use the Binance Smart Chain (BSC)? - For all people new to DeFi and smart contracts, this guide explains how to set up Metamask for the Binance Smart Chain and how to get into decentralized finance. The prerequisites for using Binance Smart Chain You are probably used ... Read more
Binance Smart Chain overtakes Ethereum in daily transactions - Binance Smart Chain’s daily transactions exceed those of Ethereum… Changpeng Zhao, Binance’s CEO, shared this progress, comparing the Smart Chain to Ethereum: Today is an important day. #BSC (#BinanceSmartChain) flipped Ethereum on daily transactions. This validates the logic that ... Read more
Curve Finance surpasses Uniswap in terms of total locked value - Curve Finance wins against Uniswap Decentralized finance (DeFi) remains one of the highlights of the year. We can’t help but hear about it for several months as the sector grows. Today, the various decentralized exchange platforms (DEX) compete for their ... Read more
Matic Network becomes Polygon - Matic Network becomes Polygon Matic Network, the popular scaling solution for the Ethereum blockchain, is changing its name to Polygon. In its press release, the startup said it is committed to developing new solutions to help Ethereum deal with its ... Read more
GameStop, moving stocks on DeFi, the wrong idea? - What happened with GameStop stocks? A quick reminder of the facts. On January 27, thousands of individuals on the Reddit discussion forum decided to buy shares of troubled companies, including GameStop. All via the Robinhood private trading app. Objective? Raise ... Read more
What is DeFi - What is Defi? Simply, DeFi refers to a transparent ecosystem of financial applications built on top of the blockchain. In short, a transparent ecosystem than is accessible to everyone without third parties or intermediaries. Users maintain full control over their assets ... Read more
BambooDeFi begins its final phase of Initial Exchange Offer (IEO) in 3 exchanges - Key Facts: The BAMBOO token is available for purchase on the ChainX, MXC and Uniswap crypto exchanges. The first investors in the IEO will buy the tokens at a lower price. BambooDeFi, a decentralized financial protocol that aims to grant ... Read more