What is DeFi (Decentralized Finance)?

Posted by john smith on December 24th, 2020

DeFi- An Explanation

Cryptocurrencies are evolving as the digital currencies and money market is ever shifting with new hopes to attain blockchain’s decentralized finance in true sense.

Recently, countries are pushing forward for the Central Bank Digital Currencies CBDC but cryptonauts are experimenting with the next money market with DeFi protocol. Antlia chain team is developing cross chain scalable blockchain for next generation decentralisation to overcome challenges of blockchain.

DeFi- A cryptocurrency revolution?

Cryptonauts are calling DeFi as the cryptocurrency 2.0. The DeFi ecosystem is rampaging with hundreds of projects launching with more than .32 billion in assets till the third week of November 2020 as reported by DeFiPulse. Last year, the statistics were just over 276 million as reported by DeFi Pulse. But what exactly is DeFi?

Coming to the formal definition of DeFi, it is an abbreviation of much circulated phrase “Decentralized finance” that acts as an umbrella for the financial technologies such as digital assets, network of integrated protocols & smart contracts, and a vast amount of the decentralized functions and decentralized applications (DApps). Something more exciting about DeFi is the fact that it is not merely just some cryptocurrencies people are trying to buy to make quick bucks. Instead, it is shifting the financial paradigm by integrating the traditional finance functions such as lending to serve real businesses with the introduction of yearly interests.


john smith

About the Author

john smith
Joined: December 24th, 2020
Articles Posted: 1

CryptoBits - Welcome to the World of Crypto!
Explore the world of Crypto and learn to invest and earn, play games and become a part of the decentralized world today!
Uhive A New Era of Social Networking
Introduces a new dimension to the world of decentralized social media based on crypto!
FREE Android & iOS App - Get Paid to Explore!
The COIN app is a revolutionary new app that pays you to explore the world! Download it today and start earning while you are on the go!
Share Your Internet Connection & Get Paid
HoneyGain is compatible for desktop computers, Android and iOS and pays you when you share your internet connection!
Store Bitcoin and a Earn Passive Income
Miny CC allows you to store your Bitcoin, Litecoin and Ethereum on their platform and pays you 10%-19% in monthly returns based on your stake.
Get Paid to Write Reviews!
BravoCoin is a review app that pays its community for writing & rating reviews of restaurants, hotels, services, movies, video games & more. Signup and claim 10 FREE Bravo coins!