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What Is "DeFi" and Why Is Everyone Buzzing About It? (Ethereum's Decentralized Finance)



Decentralized Finance is buzzing particularly within the Ethereum group. A large number of initiatives are being developed that present the identical features because the legacy monetary world – borrowing, lending, insurance coverage, prediction markets, collateralizing, derivatives, and extra. It will enable worldwide, permission-less entry to those monetary options, all immediately on the blockchain. Many standard Dapps on this house embody – Augur, dy/dx, Uniswap, MakerDAO, Dharma, and extra. For many who assume that finance is the most effective utility of blockchain, Decentralized Finance or DeFi, ought to make you tremendous excited for all of the innovation it is going to deliver.

The Block Crypto diagram:

#DeFi #Ethereum #Blockchain

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11 comments

  1. Which DeFi project is your favorite? Mine is Augur… prediction markets ftw!

  2. Happy to see the Ethereum ecosystem blossom!

  3. The label DeFi seeks to identify a specific part of the crypto world …For my part the best project is 0x tokenized on public blockchains so many solution for ethereum network like open-source infrastructure as well for each builder coming without permission …..

  4. My favorite is BITCOIN's LIGHTNING NETWORK, but I am also very impressed by Maker/DAI and 0x!

  5. although most of the more successful defi projects are currently on ethereum (because ethereum is currently the most popular smart contract platform), defi is in no sense specific to ethereum alone. Lightning Network for example is very significant and is bitcoin. And there are also defi projects on stellar for example. So "ethereum's DeFi" is a bit of a misrepresentation.

  6. I hope DeFi is going to crush it and annihilates traditional finance!

  7. Good info Kevin. Well done 👍
    MakerDao is a great project. Dai will soon be collateralized to multiple assets in addition to ETH.
    Other DeFi projects worth mentioning are Uniswap, Kyber, XDai, Compound

  8. Kevin, awesome as usual. You've effectively 1. Called my attention to something important in the rapidly evolving cryptoverse 2. Saved me hours of research on the topic by condensing great info (that's yo thang). Thx!

  9. Great explanation, it’s crazy how much Eth Maker is holding!

  10. nearly academic overview. nice!

  11. turn off autotune for the light and it will stop changing light balance during the vids