DeFi

The DeFi sphere was launched in 2017 during the launch of DAI, and since then, it has garnered billions in TVL. Although just a few years old, this world has produced some of the best financial tools, thus proving to be one of the most substantial economic disruptions. Now, more platforms with unique tools come out every other month. Although Defi's growth is tremendous, some platforms are yet to go mainstream but have excellent services. Let's look at six uprisings…

Decentralized finance is one of the best financial disruptions of the 21st century. The nascent sector has attracted millions of investors, with the total value locked in the platforms at $41 billion. Moreover, it is one of the biggest beneficiaries of the recent Bitcoin and Ethereum price surges.  Yield farming is a lucrative passive income-earning opportunity with more developments within the DeFi space. Consequently, both old and new platforms explore ways to boost their protocols and keep the investors' interest…

When determining the hottest DeFi projects, you need to use every tool. The market has seen considerable growth over the last year. As a result, there are now more networks, features, and services than ever. However, sorting through these projects' hype and technical jargon may be a bit much for those new to DeFi.  New investors can feel overwhelmed by the sheer pace of DeFi's growth. Luckily, today, some tools in the market allow you to judge projects purely based…

Investors are seemingly flooding the world of digital currencies, with the number of cryptocurrencies in the market today exceeding the 22000 mark. As more digital currencies emerge, it becomes imperative to establish exchange ecosystems. For a long time, individuals have relied on centralized exchanges to swap their digital assets because of their vast amount of liquidity.  However, despite the liquidity levels and ease of accessibility, centralized exchanges have become insecure as people incur financial losses. Therefore, the focus is shifting towards…

In the world of DeFi, market-making is a critical component of growth. Without it, there is no new development. However, the current forms of generating liquidity are inefficient. Liquidity mining is the market's solution to this problem. Specifically, liquidity mining creates a community-based, data-driven system to generate liquidity in the market. Miners receive rewards for providing liquidity to the sector. The process requires depositing or lending designated blockchain assets. These systems employ a mining mechanism to provide liquidity for a…

If you are a cryptocurrency enthusiast, you must have come across DeFi, space's current pet subject. As of 03 September 2023, it had locked assets with a total value of over $38.5 billion. It grew exponentially from an initial $677 million in early January 2020. But what is DeFi? How does it compare to traditional financial systems? Significantly, where can it find practical usage? This article will attempt to answer these questions. First, though, let us look at how it…

Traditional currency and banking systems feature several downsides as far as transacting is concerned. Cryptocurrencies present a decentralized alternative to deal with issues surrounding the two options. The introduction of DeFi was a step further in pushing the mass adoption of blockchain technology and digital currencies.  DeFi lending is on the same track, trying to bridge the void between traditional banking and all users globally without intermediaries. Now, lenders and investors can deposit, loan out, or borrow currencies in or…

DeFi, short for decentralized finance, is the latest hot trend in the crypto industry, and rightly so. An emerging market that surged from $1 billion to $40 billion in less than three years cannot go unnoticed for too long. As you read this beginner's guide to DeFi, the sector is adding more protocols, increasing value, and becoming an even more formidable rival to the traditional finance system. It may be too early to bet your bottom dollar on it, but…