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...
Decentralized finance (DeFi) yield farming aggregator, APY.Finance has raised $3.6 million in seed funding. The round saw participation from several investors, including Alameda Research, CoinGecko, Arrington XRP Capital, Cluster Capital, and among other prominent DeFi thought leaders, including Santiago Roel Santos (Parafi Capital) and George Lambeth. The proceeds will go...
The rise of volume in decentralized exchange (DEX) continues in the month of September. Month-to-date, DEXs are experiencing a record-breaking number, reporting a trading volume of over $17 billion. It has already surpassed the volumes seen in August, which was $11.6 billion – over 45% growth month-to-date according to data...
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....
Decentralized finance (DeFi) lending protocol bZx was hacked once again on the 13th Sept and lost over $8 million due to a faulty code in its smart contracts. This is the third time bZx has been attacked this year. In February, the protocol lost about $945,000 in two attacks. The...
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...
