What is DeFi
DeFi is one of the fastest-growing cryptocurrency segments. Yes, different segments have long been distinguished in crypto space, such as different blockchain protocols, stablecoins, digital collectibles (NFTs, non-fungible tokens), prediction markets, decentralized autonomous organizations (DAOs), and much more.
The idea is simple. If all traditional financial institutions (banks, exchanges) are just software that is controlled by some legal entities, why not make all these institutions on autonomous smart contracts Ethereum or another blockchain?
This is how protocols appeared that allow, without the participation of an intermediary, to trade crypto on decentralized exchanges (Uniswap), lend (Compound), manage monetary policy and issue stablecoins (MakerDAO), rebalance assets (TokenSets), create derivatives (UMA), insure risks (Nexus Mutual) and generally do everything that traditional financial institutions do.
If ICO was about raising capital, then DeFi is about all the other functions of the traditional financial market.
DeFi is one of the fastest-growing cryptocurrency segments. Yes, different segments have long been distinguished in crypto space, such as different blockchain protocols, stablecoins, digital collectibles (NFTs, non-fungible tokens), prediction markets, decentralized autonomous organizations (DAOs), and much more.
The idea is simple. If all traditional financial institutions (banks, exchanges) are just software that is controlled by some legal entities, why not make all these institutions on autonomous smart contracts Ethereum or another blockchain?
This is how protocols appeared that allow, without the participation of an intermediary, to trade crypto on decentralized exchanges (Uniswap), lend (Compound), manage monetary policy and issue stablecoins (MakerDAO), rebalance assets (TokenSets), create derivatives (UMA), insure risks (Nexus Mutual) and generally do everything that traditional financial institutions do.
If ICO was about raising capital, then DeFi is about all the other functions of the traditional financial market.
What is Market Size or DeFi Capitalization? Unlike ICOs, where the market size meant the amount of funds raised, in the case of DeFi, this means (a) the amount of funds that are stored in smart contracts of the respective protocols as collateral, and (b) the cost of voting tokens in the management of protocols.
A good barometer of the DeFi market can be viewed on the DeFiPulse website, which constantly updates the total crypto market capitalization.
A good barometer of the DeFi market can be viewed on the DeFiPulse website, which constantly updates the total crypto market capitalization.
🎉🎉 We're excited to share some great news with you! LimeICO consulting has updated its website. We've incorporated a sleek design, easier navigation, and detailed services. Check it out now! www.limeico.com
🌐 Join our global community! LimeICO has clients worldwide, and we're proud to have been part of more than 39 successful fundraising projects. Read about some of our success stories on our updated website: https://limeico.com/#portfolio
🔍 Keep an eye on our blog! We're continuously updating it with informative articles, guides, and industry insights. Stay updated, stay ahead with LimeICO: www.limeico.com/blog