Decentralized Finance, commonly referred to as DeFi, is a fast-growing segment of the cryptocurrency industry that aims to recreate traditional financial systems on decentralized blockchain networks. DeFi allows users to access financial services, such as borrowing, lending, and trading, without intermediaries such as banks or brokerages. Decentralized applications (DApps) on blockchain networks, such as Ethereum, provide DeFi services through smart contracts, which are self-executing agreements that enable automatic transactions when certain conditions are met. DeFi has the potential to increase financial inclusion and reduce barriers to entry for individuals who are underserved by traditional financial institutions. It also offers increased transparency, security, and control over one’s assets compared to traditional financial systems.
What exactly is USD Coin (USDC)? USD Coin (USDC) is a type of stablecoin that’s fully collateralized with fiat currency, which means it’s pegged to the value of the US dollar to ensure stability. While...
What does the term “Bitcoin DeFi” mean? Bitcoin DeFi, short for Bitcoin Decentralized Finance, refers to the emergence of decentralized applications (DApps) on the Bitcoin blockchain after the implementation of the Taproot upgrade. Before Taproot,...
