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What is DeFi? Decentralized Finance explained.



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, and it 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, dApps 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; however, it is not the only one. 

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.

History of Bitcoin & DeFi

DeFi, or decentralized finance, originated from blockchain technology. 

Bitcoin, which most people have at least heard of by now, was the forefather of Defi. Bitcoin was created by an individual or a team of individuals under the pseudonym of Satoshi Nakamoto in 2009 as a peer to peer electronic cash system. Peer to peer in this instance meaning that individuals can transact with one another directly, user to user, without a trusted third party.

Bitcoin was created in response to the bank bailouts after the 2008 financial crisis and a time where major banks were accused of rampant fraudulent activities. It emerged like the phoenix out of the ashes and provided hope for a new way of life that many citizens of this world so longed for. This innovative and exciting notion laid the foundation of a decentralized, censorship-resistant, and open and transparent platform, with the intent of replacing or strengthening the traditional system of value exchange. 


The emergence of DeFi

Bitcoin is the first major and successful public blockchain and it is still the most popular and largest in terms of market capitalization. Yet over ten years after its invention, thousands of projects have been rolled out under the same guiding principles of decentralization. Bitcoin being open-source has allowed developers around the world to contribute to the community and create similar projects. The new currencies that emerged after, based on either blockchain or similar technologies, are known as cryptocurrencies that thrive on the ideologies of DeFi.

Consider the situation of a laborer who doesn’t own any bank account who has his daughter working in the US. Under the current remittance system, the fee alone overcharges the funds she sends by 7%. This apart, the laborer has no access to financial markets for making any investments. Inflation can eat away at his income over time, as he is unable to earn any interest over it. 

DeFi enters the building.

Today, with the implementation of DeFi, the laborer can not only enjoy a larger portion of the funds due to lower fees, but an app on his smartphone allows him to invest a certain amount to generate a return on his savings.

The top financial leaders of the country have been holding on to their indomitable positions for long. But with glaring inequalities of these global financial systems in the wake of economic meltdowns, the dominance of the traditional financial system is waning.

With this pattern emerging in almost every region of the world, many crypto startups have risen like a phoenix with divergent sets of ideas, and with one principal intention: to ensure that financial services are accessible to everyone on a global scale. The adoption of Blockchain technology in finance is reshaping the existing ecosystem into a new world which is what we call Decentralized Finance or DeFi. With DeFi, not only finance is accessible to everyone, but it is also characterized by a relatively lower transaction price and security.

Let’s take a closer look a how DeFi measures up with traditional finance.

How DeFi scores over Traditional Finance

The best part about DeFi is the autonomy, which will in the coming years overthrow the central control exercised by governments and larger enterprises. DeFi certainly scores over Traditional finance, we tell you how:

  • Irrespective of who creates, administers, and manages any DeFi service, there is complete transparency in its operations.
  • Users have 100% control and access to their money. Custody is not in the hands of any financial institution like a bank. 
  • There are no geographical boundaries restructuring you, neither is there a dependence on verifying, again and again, your identity to manage digital assets. For those 1.7 million unbanked people, DeFi facilitates access to money with absolute control of money by its users.
  • At the center of its operations, DeFi is not controlled by any institutions. The major role played is by the algorithms which are written in code or through smart contracts. After deploying smart contract DeFi apps can run without any human intervention.
  • Lastly, DeFi comes with the power of code transparency making it possible for anyone to audit. This develops trust and the transactions being pseudonymous, questions about privacy are unlikely to emerge.

Many have pointed out that DeFi is just another form of ‘Open Finance which has been a matter of debate ever since it came into being. 

The benefits of DeFi

In the quest to shape the global financial system, DeFi offers myriad benefits.

  • DeFi is a disruptive concept that aims to tear apart the concept of status wealth. It enables wider global access to financial services. It intends to eliminate the barriers that prevent global access to financial instruments.
  • The cross border payments are affordable because the role of intermediaries has been eviscerated.
  • There is little doubt that DeFi provides superior security and unmeasured privacy. Centralized institutions are vulnerable to breaches. DeFi does not have any single centralized source of failure for any breaches to occur. 
  • Decentralized Finance also offers censorship-resistant transactions. The DeFi system brings the required stability and is a pefect option for those countries which are reeling under the rule of corrupt governments and leaders.
  • In terms of becoming more mainstream, developers of DeFi applications are incessantly focussing on creating a seamless, integrated, transparent, and intuitive user experiences so that the full advantages of DeFi can become apparent to the mass general pubic

While each of the benefits is powerful in their own right, a combination of these can bring profound implications. 

The Future of Decentralized Finance

DeFi is powered to change the world economy. It will enable the unbanked to join the rest of the world and become a part of the economic system thereby accelerating new investment opportunities. All the challenging areas in the financial system like loans and remittance is easily addressed by DeFi.

By removing inaccuracies, middlemen, and centralized control, DeFi is without a doubt the future of the entire financial sector and will transform the global economy. is #1 in DeFi News. Check back in soon to find out the latest in DeFi News.

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CORE Token ( Achieves Highest Volume on Uniswap, YFI comparisons already circulating


CORE Token (CORE) Traded over 90 million in volume on Uniswap on September 28, 2020.

CORE is a cryptocurrency that has been conceptualized to apply strategies with the autonomy enjoyed by decentralized projects. The CORE project has been designed to execute these profit-generating strategies but slightly different from the present ways. In the prevailing systems, autonomous strategy executing platforms either a team or a single core developer understands and takes care of how locked funds will be used to generate ROI. But, as the fund grows, it also paces the way for fallacious incentives and also makes it even more vulnerable for mistakes to be created. But CORE defies this practice and has chosen for a mechanism with decentralized governance. 

The total CORE token supply is finite and there will only ever be 10,000 CORE.

The token holders of CORE will now be in a position to tender strategy contracts. They can also vote on whatever is live so that the autonomous strategy execution can be decentralized.

One extremely novel feature of CORE: Out of the profits that will be generated, 5% will be utilized to auto-market buy the CORE token. 

CORE Token 101

In a recent first, has followed the hottest trends and beat Coingecko and CoinMarketCap by listing $CORE first here.

CORE token is now looking at infusing more and more value in its system and for that CORE smart contracts deploy exchangeable strategies that farm coins inside the pools. This apparently converts into great incentives awarded to those who decide to farm CORE with coins other than CORE/ETH LP.

The yield so gained from staked funds will be routed towards the market to purchase CORE enhancing the relationship for both the parties. CORE holders will massively gain from the different yield-gaining activities on the CORE smart contracts. When the farmers decide to sell, the transfer fees on the sale proceeds of the CORE tokens are given back to the farming pools pointing out to the fact that buying pressure will be more intense than the selling pressure.

CORE is based on sound economics

Usually, it is assu med that when more pools are added in the system it could possibly debase the rewards for the pool that people are currently farming. In the CORE model, this gets significantly reduced by the nature of CORE fees paid out by the additional farming pools. The rewards get diluted but the CORE in their possession will increase in value as the market responds positively. 

Deflationary farming

Now, it is a known process that, in order to keep farming, users have to mint more and more coins. As a result, the fundamental value of the underlying token asset loses in value because of excessive inflationary conditions.

There are many projects in the DeFi ecosystem that faces this and CORE token tackles this issue in its roots by introducing something called deflationary farming. Deflationary farming in this case comprises two major steps that are charging a fee on token transfer and users earning the fee by farming. This means that those who are holding tokens with the ability to farm can do so without worrying much about inflation. 

The transfers will be approved by the CORE transfers smart contract. It will coagulate the vulnerabilities further by blocking all withdrawals from Uniswap. In a way, this will be hugely beneficial for holders as it will endow them with stability and more depth into it.

You get fees by staking in the Core Vault. For every CORE transfer, there is a fee, and when CORE is sold on Uniswap there is a 1% fee that is distributed to farmers.

Strength in Community

For CORE, the most important link is its community governance. In this system community is everything. It decides everything that will happen on the system right from deciding developer fees, to adding new pools, from deciding about fee approver contract to disabling pools in the CORE transfer contract. In the beginning, CORE will launch with a 1% fee on transfers for farming and 7% of it will be used as a developer fee.

The remaining 93% will eventually get directly transferred to the farmers in the process. For instance, if the holders want the COREVault to have a YFI pool, then the ratio of the fees will be set in accordance with how much can be distributed. Also, when people will be able to withdraw YFI tokens from it also will be a determining factor. This way the CORE holders will be highly incentivized to hold more YFI tokens.

Official website:
CORE Telegram Channe:l
LiveCoinWatch :
Uniswap Link :

$CORE still holds the current highest volume on Uniswap, as of 9/28/20 12:30pm PST.

core token
Uniswap link to CORE Token is #1 in DeFi News. Check back in soon to find out the latest in DeFi News.

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NFTs Crypto: Just the Beginning

nfts crypto

NFTs Crypto: Understanding the growth story

Things are heating up with NFTs in DeFi and crypto space, and fast! Non-fungible token sales have amassed close to $100 million worth of lifetime trade volume, according to Bankless. The data that was taken from a noted web portal, gives a comprehensive view of the NFT ecosystem. We believe that the growing adoption of NFTs in the ecosystem partnered with user understanding of the same has the potential to become a trillion-dollar market in the future. 

From the first brush, anyone could perceive non-fungible tokens (NFTs) as crypto-collectibles like crypto kitties but when we dig deeper, non-fungible tokens are an entirely new class of digital assets. For the very first time, there is a technology that allows us to create an incontrovertible new set of digital assets that is easily maintainable without any authority or centralized entity other than the blockchain itself. 

Understanding Non-fungible tokens

Blockchain has this innate ability to create scarce digital assets, the ownership of which is maintained by a decentralized network of miners. But, in great detail, these assets are fungible meaning they can be replaced interchangeably by another of the same. For instance, Your bitcoin will be the same as my bitcoin. So they are mutually interchangeable and are pretty popular as mediums of exchange or as a store of value. But they are not unique!

So, now a group of entrepreneurs, who employ blockchain technology will allow for this uniqueness to rise with what we call non-fungible tokens or assets which are not interchangeable. So primarily they are assets that are mutually not substitutable and cannot be interchanged. 

Fungibility is very important for assets to maintain their reliability but the fungibility factor also makes it vulnerable and susceptible to losses due to fluctuation in prices. This is the only reason that the concept of non-fungible tokens has risen to prominence. NFT’s are digital assets of the exclusive nature because each of them is different from the other. Every NFT secures peerless metadata that paves the way for its exclusive entry on the blockchain. NFTs cannot be interchanged on the same blockchain.

NFTs: A Rapid Rise

The trials for the creation of a non-fungible token began around 2013. The first example we can highlight was that of the Color Coin created upon the Bitcoin Network. But the one which actually got noticed in the crypto world was the emergence of ERC721. The features were slightly different and it could track the movements and ownership features of individual coins making it non-fungible. The first successful attempt at its application was called Crypto Kitties. The most exorbitant form of it was traded for $172,625 in 2017.

It has found unique and valuable use cases and implementation in several industries apart from the crypto industry like gaming, art pieces (also crypto-based), and likewise. Over the years the use of fungible crypto has yielded positive results and has firmly established its significance in the digital ecosystem. But NFT’s signify the huge ability to tokenize physical assets while holding on to its unique properties. With its rise, it has proven that it will not cause any hindrance to the existing format in the cryptocurrency ecosystem.

The idea called NFT has gathered a lot of steam especially since the verifiable digital scarcity concept was first introduced. Even this year the popularity of NFTs has jumped considerably and there is a constant flow of funds in the concept itself. Data from nonfungible shows that after the first week of September, for a period of 7 days, there were 9353 sales totaling $988,649 in NFT trade volume. The average US dollar price for a single NFT was $105 that particular week!

Project history chart from Nonfungible

The virtual land investor @Dclblogger talked about how the metaverse was growing. He also tweeted about 25 industries that are being disrupted by the non-fungible token ecosystem. The three biggest players in the NFT arena include Sorarem, Cryptopunks and Superrare. 

Holistically speaking, the NFT ecosystem continues to grow and 2020 has displayed that people are realizing that NFTS can represent anything in the virtual world and tethered to the real world with concepts. Crypto creators are generating a whole new atmosphere for NFT collectibles, rare art pieces in-game items, and large virtual worlds. The growth will show no signs of abatement anytime soon! is #1 in DeFi News. Check back in soon to find out the latest in DeFi News.

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


UNI Token – The new Governance token from Uniswap

uni token

UNI, the Uniswap governance protocol token is live. In order to combat the strong competitive force especially from the AMM Sushiswap, Uniswap initiated their surprise launch. Ever since Uniswap started its operation it has always vouched to be a trustless platform with a vision to make it as decentralized as possible. The new UNI token protocol will be available through four liquidity mining pools. UNI token holders can in the future vote to add more pools after the initial 30-day governance grace period. Read on to find more out details about the usecase of the token itself.

About Uniswap 

Uniswap has always been inspired by Ethereum’s vision and has for long committed itself to the vision of permissionless access, security, and immutability. These three aspects are extremely important from the perspective of reaching out to financial services without the need to worry about discrimination or lack of accessibility. Uniswap to date stands as a huge competition to some of its centralized counterparts. And whatever success Uniswap has achieved until now has been without the involvement of the core development team indicating demand for permissionless financial services.

In less than 2 years, the protocol has already Supported over $20bn volume traded by 250,000 unique addresses across 8,484 unique assets. It has roped in integrations with hundreds of interfaces and applications. Uniswap is deemed fit to be positioned for community-led growth and self-sustainability. The introduction of UNI, an ERC-20 token serves the purposes and will also facilitate shared community ownership which will actively guide the project further. 

Further Uniswap is known to embrace and apply the philosophies of neutrality and minimization. The governance framework will be limited to contributing to the protocol’s usage and development and in the long-term, it will look at broadening the scope of Uniswap. 

How will the UNI Toke be allocated?

1 billion UNI have been minted at the genesis which will be accessible over a period of 4 years. The 4-years of initial allocation will be executed in the following manner.

  • 60.00% to the members of Uniswap community [600,000,000 UNI]
  • 21.51% to team members and future employees with 4-year vesting [215,101,000 UNI]
  • 17.80% to investors with 4-year vesting [178,000,000 UNI]
  • .069% to advisors with 4-year vesting [6,899,000 UNI]

Also, there will be a perpetual inflation rate of 2% per year which will start after 4 years. This will ensure there is continuous participation and relevant contributions are made to Uniswap. 

uni token allocation

For Uniswap, its community has the biggest hand in registering success over the last two years. 

UNI Token + Uniswap Liquidity Mining program

An initial liquidity mining program will go live on September 18 2020 12:00 am UTC. The initial program will be functional until November 17 2020 12:00 am UTC and will target 4 pools on Uniswap Version 2


5,000,000 UNI will be allocated to each and every pool to LPs proportional to liquidity, which can be roughly estimated as given below:

  • 83,333.33 UNI per pool per day
  • 54 UNI per pool per block

Once the 30-day governance period will reach its vesting edge point, the Uniswap governance will manage and administer all UNI vested to the Uniswap treasury. In this period, governance can vote in order to allocate UNI towards grants, partnerships, additional liquidity mining pools, and other important concerns. 

Community Matters

Uniswap governance is live from day 1, but the control over the treasury will be delayed until October 17th, 2020. The grace period will provide the community with an understanding of the nuances of the governance system. They can easily begin their deliberations on potential governance proposals.

UNI token holders will also ensure that governance decisions are taken keeping in mind laws and regulations surrounding it. In order to make this happen a fee switch has been initialized so that the UNI holders can use their contracts to vote on tokens for which they will collect fees. Major credit for the success of the Uniswap protocol goes to its community and it will continue to rely on the community to ensure great proposals are voted for.

UNI holders will have immediate ownership of:

  • Uniswap governance
  • UNI community treasury
  • The protocol fee switch
  • eth ENS
  • Uniswap Default List (tokens.uniswap.eth)
  • SOCKS liquidity tokens

UNI Token Resources

UNI Token:

Liquidity mining: 


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