Skip to main content

DECENTRALIZED FINANCE; WHAT IS IT? – Part 1


 Image result for Decentralized Finance  

 More than ten years gone down the lane, the block chain industry is yet to disappoint with it ever changing nature. Since the early adoption, the industry has since recorded a slow but progressive changes with the latest being the Decentralized Finance also referred to as Defi.

What Decentralized Finance?

‘’DeFi is essentially just conventional financial tools built on a blockchain’’-blocknomi. These were previously built on the Ethereum network, but there is a growing number of players in this space such as Waves and Cosmos.

‘’ They are mostly predicated on open-source protocols or modular frameworks for creating and issuing digital assets and are designed to confer notable advantages of operating on a public blockchain like censorship-resistance and improved access to financial services’’

Example of a growing number of Defi Dapps on the waves platform is the Neutrino token - https://beta.neutrino.at/neutrino/usd-n.
  
  Decentralised Finance instrument offers better investment opportunities than the traditional financial instruments available out there. Defi offers personalised secure access to interest on investment. It decentralised nature also ensures traditional centralised hackers do not unleash similar threats the decentralised platforms. Where as traditional finance platforms get to lose billions of dollars annually to hackers, decentralised platform are best suited to limit such attackers if they ever happen to only such individual or attacking point.

Examples of Defi applications;

Open Lending Protocols;
-       MarkerDAO
-       Nexo
-       Lombardini

Issuance Platforms and Investing;
-       tZERO
-       Neutrino (algorithmic stable coins)
-       Polymer

Comments

Popular posts from this blog

XRP THE GLOBAL STANDARD

For an evolving industry, especially one which constantly undergoes changes and improvement literally on a daily basis; it is pretty hard to keep up and maintain one's confidence in his/her decision. The media bais ( born out of sheer ignorance and lack of in-depth research) is another obstacle that individual investors and players in the field faces constantly aside the fraudulent activities associated with this space. Although it is true that most of the so-call digital assets and cryptocurrencies are nothing but mere scam as witnessed in past years, majority of the project are doomed to fail by the end of the this decade. How ever, it is only fair to state that those which will survive this time dimensional journey will eventually change the course of the human race especially in the area of finance and internet of things.  While it is known that the world financial system is not a fair play ground, it is not difficult to see the effects of these unfairness in the space.Kindl...

Crypto-Currency Market Capitalizations - First 100.

# Name Market Cap Price Available Supply Volume (24h) % Change (24h) Price Graph (7d) 1   Bitcoin $9,608,065,489 $605.68 15,863,244 BTC $88,828,500 -2.79% 2   Ethereum $990,789,336 $11.81 83,895,522 ETH $9,417,920 -0.86% 3   Ripple $206,979,378 $0.005861 35,317,458,440 XRP  * $682,011 -0.19% 4   Litecoin $180,445,417 $3.80 47,523,029 LTC $2,778,630 -4.35% 5   Monero $134,724,482 $10.46 12,876,769 XMR $20,045,900 -13.10% 6   Ethereum Cla... $110,354,806 $1.32 83,857,510 ETC $3,496,330 -3.46% 7   Steem $90,705,344 $0.644115 140,821,661 STEEM $97,995 -10.71% 8   Dash $78,731,410 $11.69 6,734,303 DASH $716,618 2.82% 9   NEM $51,746,130 $0.005750 8,999,999,999 XEM  * $74,616 -2.23% 10   MaidSafeCoin $45,705,078 $0.100994 452,552,412 MAID  * $266,979 -4.20% 11   Factom $29,188,747 $3.33 8,753,219 FCT  * $2,246,660 13.61% 12   Lisk $24,870,700 $0.248707 100,000,000 LSK  * $269,490 -2.29% 13 ...