DEFI
What is DeFi?
Decentralized Finance, DeFi as a concept is to be able to offer almost all the financial services available with legacy and centralized institutions, typically banks, but on the blockchain. Whatever traditional services financial institutions provide can be expected to be offered through DeFi. In short, Defi is blockchain-based financial services that traditional financial services map into, creating new services or derivatives stemming from blockchain's unique features. Although we have had concepts like distributed computing and decentralized computing for decades, DeFi is in fact a new concept and an expansion of the application scope of blockchain as infrastructure.
Decentralized Finance, DeFi as a concept is to be able to offer almost all the financial services available with legacy and centralized institutions, typically banks, but on the blockchain. Whatever traditional services financial institutions provide can be expected to be offered through DeFi. In short, Defi is blockchain-based financial services that traditional financial services map into, creating new services or derivatives stemming from blockchain's unique features. Although we have had concepts like distributed computing and decentralized computing for decades, DeFi is in fact a new concept and an expansion of the application scope of blockchain as infrastructure.
Ika Protocol Empowers Sui Smart Contracts for Cross-Blockchain Interoperability
Ika, formerly dWallet Network, enables Sui smart contracts to manage assets across blockchains, offering secure and scalable DeFi solutions with its MPC technology.
DeFi Surge Fuels Eastern Europe's Crypto Adoption in 2024
Eastern Europe sees significant DeFi growth, with Ukraine and Russia leading in adoption despite geopolitical challenges, according to Chainalysis.
Exploring BNB Token's Impact in DeFi, CeFi, and PayFi
Discover how BNB token enhances decentralized finance (DeFi), centralized finance (CeFi), and payment finance (PayFi) ecosystems with its diverse applications in blockchain technology.
Flow Traders Enhances Wormhole's Multichain Swaps with Solver Network Participation
Flow Traders joins Wormhole's network to boost multichain swaps, providing enhanced liquidity and speed. This collaboration aims to improve cross-chain transactions through the Composable Intents platform.
Understanding DeFi: The Decentralized Finance Revolution in Web3
Explore how Decentralized Finance (DeFi) transforms financial systems using blockchain, offering peer-to-peer transactions and smart contracts in the Web3 landscape.
Solana's Evolution: High-Speed Blockchain Faces New Challenges in 2024
Solana, known for its speed and efficiency, has rebounded from initial setbacks to secure a niche in payments and consumer markets. The blockchain continues to evolve amidst growing competition.
Manta Network Launches Expedition with MANTA Rewards
Manta Network introduces the Manta Expedition, offering participants the opportunity to earn MANTA rewards by completing quests across various DeFi protocols.
BNB Chain Introduces New Projects from September to October 2024
Explore the latest additions to the BNB Chain, featuring innovative projects in DeFi, AI, gaming, and more, launched between September 23 and October 18, 2024.
Uniswap (UNI) Integrates World Chain for Enhanced DeFi Experience
Uniswap (UNI) now supports World Chain, allowing users to swap and provide liquidity on its Layer 2 blockchain, enhancing low-cost and fast onchain experiences.
Paxos Launches Yield-Bearing Stablecoin on Injective (INJ)Network
Paxos introduces Wrapped Lift Dollar (wUSDL) on the Injective (INJ)Network, offering users a stablecoin that earns yield from treasury bills, enhancing DeFi interactions.