Tag: DeFi

All You Need to Know about DeFi and Why It Matters

The world of traditional finance is on the brink of evolution. Long before the COVID-19 crisis took hold, global banks were scrambling to improve efficiencies and reduce costs. Most central banks have also studied the role of digital blockchain-based currency in their economies. The creation of completely decentralized and...

An Extension of the DeFi Excitement — NFT

As the crypto world fusses over Bitcoin and other cryptocurrencies, another type of digital asset has quietly been gaining traction. Non-fungible tokens or “NFTs”, have become a focus of global crypto attention over the past few months. A non-fungible token (NFT) is a type of cryptographic token that represents...

DeFi’s Astronomical Rise as the New “Poster Child” of the Crypto Market

We are at the start of some big changes in the financial world. Escalating debt and inflation could result in years of stormy weather for global economies. Renowned entrepreneur and author Jeff Booth endorse Bitcoin as a “must-have” investment in times when central banks are exacerbating the escalating debt...

6 DeFi Lending Platforms (Part Ⅲ)

Here comes the last part of a three-part series. Welcome to read the previous Part Ⅰ and Part Ⅱ as well to get a whole picture of the 6 DeFi Lending Platforms we introduce. In Part Ⅲ, we will be talking about Fulcrum and NUO Network. 5. **Fulcrum -**Try non-custodial crypto margin trading at DeFi platform Fulcrum. Enter...

6 DeFi Lending Platforms(Part Ⅱ)

Thanks for sticking around! This is the second part of a three-part series. You should read Part Ⅰ first which covers Aave and dYdX. In Part Ⅱ, we will be talking about Compound and Maker. 3. **Compound -**Compound is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications. Compound is an...

6 DeFi Lending Platforms (Part I)

Referring to the digital assets and financial smart contracts, protocols, and decentralized applications (Dapps) built on Ethereum, DeFi is financial software built on the blockchain that can be pieced together like Money Legos. Decentralized lending platforms provide loans to businesses, or the public with no intermediaries are present. On...

DeFi Financial Innovation Boost in 2020

In 2019, the world economy experienced its lowest growth rate since the financial crisis. In 2020, the world’s major economies will be severely hit by the epidemic, and economic uncertainty will further increase. Being one of the latest innovations that have emerged out of the blockchain-powered and decentralized economy,...