DeFi stands for ‘Decentralized Finance’, which aims to recreate the traditional financial system and replace it with a trustless and permissionless financial system that involves no central authority or middlemen. Most of these protocols are currently available on Ethereum, but in principle, other platforms with smart contract capabilities could work too.
In the last 10 months, we have seen an explosion of decentralized financial protocols introduced on the Ethereum blockchain. DeFi proposes an entirely new financial system that is independent of the traditional financial infrastructure or instruments. DeFi products do not need any intermediaries. The smart contract specifies the settlement conditions...
Investing in crypto assets has certainly evolved throughout 2020 and will continue to expand in the coming years. Today’s trading landscape is primarily dominated by a few large players, predominantly Coinbase, Kraken, Gemini, Bitstamp, Bitfinex, and Binance. While centralized trading has been widely popular, it’s not quite the new financial...
With the emergence of a new computing paradigm, there is a significant amount of uncertainty on how it can be most effectively utilized. Blockchain is no different. It is important to acknowledge that during the early phases of the technology’s introduction, the universe of possibilities is not completely familiar. As...
The importance of asset management firms is increasingly recognized in the world financial system. Despite the last few years of difficult markets and changing regulations, the asset management business is the most profitable with the highest returns on capital. Their profit margins are consistently higher than in most other sectors....
Yield farming, a new uprising trend in cryptocurrency allows people to earn interest by parking their crypto capital in a DeFi product. According to DefiPulse, the total value locked in DeFi smart contracts is upward of $7.0 Billion as of this writing, a 15 times jump compared to year-ago stats. ...
Decentralized finance (DeFi) has created a lot of excitement in 2020, opening a new world of opportunities for users to participate in a trustless (no middlemen) and permissionless financial initiatives to earn interest for their cryptocurrency holdings. To date, DeFi products hold $9.3 billion of total value locked in DeFi...
DeFi goes on to play a crucial role in the evolution of the financial sector for many reasons. For one, it is an open and permissionless system that is available to everyone. Secondly, arguably more interesting is interoperability that helps DeFi companies scale products by leveraging other innovations in the...
New advancements in the Ethereum network service-layer protocol have helped to scale DApp usage to the wider audience. These service-layer protocols can be seen as anything sitting just below the interface layer (i.e., the applications the end-user interacts with), but leveraging the lower-level functionality provided by layer-1 blockchains and interoperability...
