DeFi 101 - Page 2
Loading...
Solana DeFi Ecosystem Overview
Solana has emerged as one of the handful of smart contracts platforms competing to become a base layer for DeFi applications, with some of its projects gaining traction as its SOL token climbs to the top 15 by market capitalization. Solana, created in 2017, incorporates a so-called Proof-of-History timing mechanism that facilitates its Proof-of-Stake protocol…
Loading...
Governance Tokens: Investing in the Building Blocks of a New Economy
One of the most important building blocks in DeFi is the governance token. When blockchains have on-chain governance, there is no built-in central entity that controls how any given upgrade is managed. Seeing the opportunity, developers all over the world are creating programmatic systems for on-chain governance, and issuing governance tokens, which give holders the…
Loading...
What is a DAO? Mapping Out the Ecosystem
This article offers a 10,000ft view on the ‘Decentralized {Autonomous} Organization’, or DAO tooling and project landscape. It’s intended to be complementary to introductory posts like Linda Xie’s ‘A beginner’s guide to DAOs’. The goal is to help contributors and participants better acclimate themselves with the distinct project categories and relevant infrastructure leading the growing…
Loading...
Five Leading DeFi Aggregators
As DeFi grows, keeping tabs on all the available products has become increasingly challenging. Even for those individuals who are able to keep track, the scattered nature of the many protocols, each with their own controls and very different user interfaces, makes operating in the sector a challenge. One of the best ways of mitigating this…
Loading...
A Handy Guide to DeFi Taxes
It’s that time of the year again. No, I don’t mean March Madness bracket busting, and I’m not talking about emerging from the depths of winter. That’s right, it’s the yearly time that we all get together and try to figure out how the heck we’re going to do our crypto taxes this year. And,…
Loading...
The Future of DeFi
The biggest question in DeFi is always: What’s next? And that’s what’s so magnificent about this new world of DeFi: nobody knows, but whatever it is, it’s coming fast and furious. Back up a moment to appreciate DeFi in 2020–the landmark year of Ethereum to date. You can ponder regrets having not bought ETH for…
Loading...
What is Gas and How to Save on Fees?
“Gas” is the ETH required to power every transaction on Ethereum. Gas is a term that was coined to describe the ETH (ether) required to transact on the Ethereum network. More specifically, every transaction that occurs on the Ethereum network requires a set amount of gas, which is the unit used to measure the computational…
Loading...
Top 10 DeFi Resources
There are countless resources that can provide crucial information and education to help you along in your DeFi journey. These (in no particular order or ranking) are our Top 10 DeFi Resources: The Defiant. No surprise here. Subscribe to The Defiant YouTube channel, newsletter and podcast, covering the most interesting, most extraordinary, and sometimes, most…
Loading...
Risks of DeFi
You can lose 100% of your money in any DeFi app or protocol. So above all else, apply a simple rule of thumb to help mitigate this risk: don’t deposit more than you’re willing to lose. Here’s a rundown of the 7 most common risks (or 7 most deadly DeFi sins) that everyone should consider…
Loading...
DeFi Insurance and how Nexus Mutual Works
As more apps and protocols launch, and more money pours into DeFi, it’s important that DeFi investors can mitigate the risk of losing their funds. With great power, comes great responsibility. Insurance protects us from the unexpected, and in DeFi, there’s nothing more expected than the unexpected. While DeFi is exploding in growth, it also…