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News1 month ago

MetaMask Swap : Here’s What you Need to Know

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NFTs Crypto: Just the Beginning

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FEW token enrages the DeFi community

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Hot Projects 🔥2 months ago

UNI Token- Uniswap Token: Here’s what you need to know about its usecase.

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Bobby Ong of CoinGecko: DeFiRev.com Exclusive Interview

This week DeFiRev.com caught up with Bobby Ong of CoinGecko. We are a huge fan of CoinGecko, which is consistently...

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News3 months ago

YFI to be added to Coinbase

YFI, arguably the most beloved DeFi token will be added to Coinbase Pro next Monday, September 14th, 2020. This signals...

DeFiRev.com #1 in DeFi News

DeFiRev.com is #1 in DeFi News and is a top resource for the DeFi ecosystem and decentralized finance that encompasses DeFi projects, DeFi Apps, and DeFi Crypto Lending.  It is our mission to provide the best information and the latest trends within the DeFi space to our audience. Don’t Miss out! Join the DeFi Revolution! 

What is DeFi?

What is DeFi?

 

DeFi is short for decentralized finance and refers to an all-inclusive ecosystem of applications, financial services, and other financial infrastructures that operate within the key principles of privacy, transparency, neutrality, and sovereignty. DeFi tools are openly accessible and operate utilizing blockchain technology. DeFi and decentralized finance will be a game-changer for the financial world and the global economy as we know it.

Decentralized finance includes a wide spectrum including digital assets, smart contracts, and dApps (decentralized Apps) which are built on blockchain technology. Considering the amount of development and flexibility involved, the Ethereum platform is currently the foremost choice for DeFi applications.

Imagine an open financial system in which financial tools and services can be built in a decentralized manner. Since these applications are always built utilizing blockchain technology, the data can easily be verified.

With the use of decentralized technology like smart contracts, DeFi has led to the elimination of middlemen, which have long plagued finance unnecessarily. This has created favorable situations where:

One can get access to instant loans without the need for paperwork sans any bank approval.

One can earn real interest with their assets without the need to sacrifice them due to the prevailing low-interest rates. 

Quick issuance of company stocks without the need for banks to intervene thereby saving one from exorbitant bank fees.

 

 




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