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.

NFT-collateralized Loan Platform Arcade Raises $15M in Series A Financing
Focusing on using NFT as loan collateral, Arcade raised US$15 million in Series A financing which was led by Pantera Capital, Castle Island Ventures, and Franklin Templeton Blockchain Fund.
Ethereum’s Median Fee Hit a 4-Month Low, while Address Activity Soaring to a 7-Month High
Ethereum users have a sigh of relief because median fees have dropped to $5.50 per transaction from highs of $34.18 last month.
Stress Test Passed: These Metaverse Tokens Prove Resilient While Other Cryptos Fall
I will change my mind and agree with the bear market camp if the price of Bitcoin plummets below $31,000 (which seems very unlikely).
Is the Rise of Decentralized Finance an "Illusion"? BIS Thinks so!
The Bank of International Settlements (BIS), has called the growth in the decentralized finance (DeFi) ecosystem an “illusion” with a handful of criticisms.
Defiance ETFs' NFT-Linked ETF Soon to Launch in the U.S.
Defiance ETFs' Defiance Digital Revolution ETF (ticker NFTZ) is launching on Thursday and will track blockchain-related firms and the NFT index.
Crypto Market Overview: BTC, ETH, Top Metaverse Coins
The concept of digital ownership has surged in popularity over the past few months, and the technology that is seen to secure persistent digital experiences has become an increasingly hot topic, with non-fungible tokens (NFTs) and metaverse cryptocurrencies gaining traction.
DeFi Users on Ethereum Hit 4M for the First Time
Ethereum DeFi users reached a historic high of 4 million based on continued adoption.
Crypto Market Overview: Reasons Behind BTC Fall, Top Monthly Gainers
In my opinion, this is just a pullback as Bitcoin gathers power before making its next leap to new highs.
Africa Blockchain University Partners with YIELD App to Enhance NFT Education
African artists are set to be enriched about the value they can get from the booming non-fungible tokens sector.
Crime across DeFi Platforms Surged to $10.5B in 2021
Crime has grown at an alarming rate in the decentralized finance (DeFi) industry by hitting $10.5 billion so far this year.

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