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.
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
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
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