Day: February 26, 2021

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Top Teams Building DeFi

DeFi is constantly changing, with new projects popping up seemingly every single day. This is by no means an exhaustive list. It’s just the tip of the iceberg. We went with the more tried and tested projects, the ones that have been live the longest and have the most value locked in their smart contracts. …

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How Bitcoin, Ethereum, and Other Blockchains Fit Within DeFi

DeFi today can be found mostly flourishing on Ethereum. New applications launch faster than you can keep up with.That empire is only going to grow. The network effects of developers working together and building composable tools that can be stacked and benefit one another is a very competitive moat, making it difficult for other smart …

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What is Interoperability and Why is it Important?

Interoperability happens when two or more systems can communicate and exchange value. The best way to understand interoperability is to see the early success stories of it in action.  Today there’s about $1T in BTC liquidity and meanwhile, DeFi’s Total Value Locked is still just over $40 billion. Developers have been working to enable users …

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KYC and Why It’s Not Needed in DeFi

While crypto has been around over 10 years, the most popular apps until the last year have been centralized crypto exchanges. These centralized exchanges like Binance and Coinbase do billions in trade volume daily but also require users to submit personal details like name, email and even physical address. This might seem harmless at first …

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Trust, Intermediaries and Censorship

When you use a DeFi application, it’s powered by hardcoded rules. The idea is that these rules provide users with the ability to do powerful but predictable things with their money–like borrow, lend, trade, and earn interest. In order for users to coordinate such activities and engage with their money peer-to-peer, it means trusting the …

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What Does “Permissionless” Mean and Why Does it Matter?

When you use a DeFi application, there’s no sign-up with your email and name, there’s no ID required, and in most cases, there’s no restriction on your geographical location. All one has to do is click a few buttons and that’s it! Similar to a roundabout, you can enter or exit (deposit or withdraw your …

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DeFi Wallets and Self-Custody: How to be 100% in Control

In DeFi, your money becomes empowered. You can store it, lend it, trade it, zap it, and track it real-time. It’s a bit like a game but at the heart of this is more control, aka, self-custody. Self-custody refers to individuals being 100% in control of their assets, similar to cash. Except this is digital …

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Common Uses of DeFi: Lending, Borrowing, Trading, and Stablecoins

In DeFi, the possibilities of what can be built to replace legacy finance are endless, but there are a few use cases that every newcomer to DeFi will want to know about and explore early on because 1) they’re easy to understand and 2) battle-tested with billions in liquidity and hundreds of thousands of users …

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What is a Dapp and How Does it Use Smart Contracts?

dApps or decentralized applications are applications powered by a public blockchain protocol like Ethereum. When you build a dApp on Ethereum, you’re programming a simple set of rules for an application to follow when it receives money or other inputs from users. Smart contracts are a lot like programming a robot. Smart contracts on a …

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#ALTDeFi BSC and the rise of off-ETH "decentralized" finance

#ALTDeFi BSC and the Rise of Off-Eth “Decentralized” Finance

The last couple of weeks, if you kept your ear close enough to the ground you could feel there was something brewing. I couldn’t quite put my finger on what it was because it wasn’t about high gas fees or the bull market or DeFi but something bigger than all that, it was the emergence …

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