Anyone keeping an eye on the blockchain sector will know that the field of Decentralized Finance, commonly known as DeFi, is growing at a rapid pace. More and more banks and institutes are kickstarting Decentralized Finance projects in order to remain competitive and evolve their businesses. As such, it can be hard to keep track of the growing list of DeFi projects.
The past week has seen Yearn Finance, more commonly known as yEarn Finance or yearn.finance, become increasingly well-known following a massive price rally. Specifically, Yearn Finance’s YFI token has surged over 300% in the past week. As such, many are beginning to ask the question “what is yearn.finance”. The platform recently rose to fame after the launch of its tokenized insurance product yInsure Finance, however the following article takes a look at the fundamentals that led to the creation of the entire yEarn Finance platform.
Anyone keeping an eye on the DeFi sector will likely have come across the term “dYdX”. However, what is dYdX – and what is it used for? dYdX is a powerful, decentralized exchange (DEX) that supports spot, margin, and perpetuals trading. It is a permissionless platform powered by smart contracts on Ethereum that supports lending, borrowing, and most importantly, margin trading.
Despite its recent upswing in popularity, blockchain is still a relatively new technology that can be hard for some people to grasp. Bitcoin is probably the reason why most people know what blockchain is. However, Bitcoin as a currency relies on its vibrant community and underlying blockchain capabilities to keep growing and attracting users.
Decentralized finance (DeFi) continues to make waves in the crypto space with $7.22 billion in total value locked in, according to DeFi Pulse. Amazingly, over $6 billion of those funds have entered the market since June 2020! And throughout this year, DeFi continues to be the prime-mover driving the upcoming bull market.
Decentralized marketplaces are a fascinating use case of blockchain technology. These crypto marketplaces allow users to deal directly with each other, instead of using a centralized point of contact. Traditional marketplace platforms may provide a system and platform that’s familiar. However, they lack transparency and charge high fees.
Decentralized finance, or DeFi, is rapidly opening up new opportunities through democratising finance. Have you ever dreamed of starting a hedge fund but thought it was too expensive? If that is the case, you might want to consider starting a DeFi hedge fund instead. That is now possible through using solutions such as Melon. This is a decentralized asset management platform that allows anyone to set up and manage a hedge fund. But, before we get into all the things Melon can do, let’s look at how a traditional hedge fund operates.
In 2020, the cryptocurrency narrative has been dominated by decentralized finance. The hottest trend in crypto has seen exponential growth in recent months and has been a catalyst for a wave of innovation in the space.
To the outsider, decentralized finance (DeFi) sounds weird enough by itself. Now try and imagine a new sector of DeFi called, “Weird DeFi.” “Weird” is probably the best description for it because it’s hard to tell exactly what’s going on under the hood with these new protocols.
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Learn everything that defines a decentralized financial system here at Moralis Academy DeFi blog. Our experts have extensive experience in the field and share informative content on a daily basis. Add your email in the subscription bar and get the latest posts directly to your email. Read about the new upcoming tokens, CeFi vs DeFi, Ethereum DeFi bonds, and various deep dive DeFi-guides that provide in-depth knowledge of the system. Find content you are looking for in just a few seconds with our advanced filter options – go from DeFi to blockchain gaming with just a click, or search for a specific query in the search bar. Every article is easily sharable so others in your community can find out about the latest DeFi news and topics discussed in the blockchain space exactly when you do.
Our main priority here at Moralis Academy DeFi blog is the community where we strive to help people learn everything there is to know about the blockchain. Whether you’re a developer, investor, or just completely new to DeFi, there’s content to find for everyone here at the Moralis Academy blog. We cover all the basics there is to DeFi to more advanced themes for people that want to go more in-depth and understand all aspects of the technology. There’s even an opportunity to get certified with our DeFi courses if you want to take your knowledge to a different level. If you like our content on the DeFi blog there’s nothing to lose by trying out our courses with 14-days of free access. Get blockchain certified now!
