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.
SushiSwap Reaches Over $1 Billion in TVL as Uniswap Sees Massive Plummet After Rewards Ended
SushiSwap’s token SUSHI made a huge rebound this week, surging by nearly 90 percent in one week.
Top 10 Dapps on Ethereum Network Surpass 1 Million Daily Users
The top 10 decentralized applications on the Ethereum network have hit 1,017,760 daily active wallet users, according to data analytics company DappRadar.
Yearn.finance (YFI) Sees Massive Price Spike, Analyst says a Bubble is not Possible in the New Paradigm
Yearn.finance (YFI) price has been surging in the past week, as the cryptocurrency market has seen massive bullish momentum as Bitcoin led the way.
Origin DeFi Protocol Loses $7 Million to Hacker in Security Breach
Origin Protocol is the latest DeFi platform to lose $7 million due to hacking. The company has said that it is working to restore the stolen funds.
Risk or Opportunity: Uniswap's UNI Rose by 133% and SushiSwap by 143% in the Past 12 Days
Uniswap's UNI token has surged by 133% in the past week, with SushiSwap rallying and recording its own increase of 143%.
Here Are the Top Three DeFi Gains of the Week: SUSHI, UNI, and AAVE
A look into the DeFi markets shows that SushiSwap's SUSHI, Uniswap's UNI, and Aave's AAVE token experienced the most growth in the past week.
DeFi Reaches Record High of $13.7 Billion in Total Value Locked
The decentralized finance sector has reached a new all-time high of $13.69 billion in total value locked (TVL).
Ethereum-Based Akropolis DeFi Protocol Hacked, More than $2 Million Stablecoins Stolen
The recent hack suffered by Akropolis, an Ethereum-based DeFi protocol, resulted in a loss of more than 2 million DAI ERC-20 tokens.
Aave Launches Upgrade, DeFi Tokens to Gain as Bitcoin Fails to Break $16K
Aave DeFi protocol launched an upgrade on its public testnet today. The news comes as Defi tokens may be preparing for a bull run, with Bitcoin failing to rally.
Uniswap Reaches $3 Billion in TVL, Anticipates Community Call to Deliberate Liquidity Mining Rewards
The Uniswap community has set a community meeting to discuss the network’s liquidity mining rewards program, as it is about to end in a week.