Kyber encourages tokens to be listed on their trading services and has a depositary service which allows users to gain profit by exploiting spreads between assets.Īn open trading platform for crypto-assets and other trading services. The Kyber Network is platform-agnostic, allowing fast inter-token transactions, token swaps between different protocols, and complete platform interaction for developers looking to use their infrastructure. This is a network that offers on-chain liquidity aiming to connect projects for the tokenized economy. They are at the front of the new economy and, if anything, they’ll use this crisis as the launchpad to a more open and transparent economy. This article aims to be a short overview of the most interesting ones. The world of decentralized finance keeps being populated by new projects from teams across the globe. Despite the circumstances, or perhaps because of them, DeFi is experiencing continuous growth. A pandemic has swept the world and forced the economy into a shutdown, casting uncertainty towards what remains of 2020. This growth could not be at a weirder time. This is measured by the number of tokens currently locked using DeFi smart contracts. As time progresses, these services will begin to compete with the traditional world and replace it.ĭespite all of the recent troubles in the world, DeFi has undergone substantial growth, pushing the total valuation of the space to $1 billion. Some of the most common uses are lending, trade of digital as well as physical assets, investments in traditional and synthetic products, and payments through a network of decentralized actors with no central authority. The reach of this new breed of applications is borderless and enables anyone from any part of the planet using an internet connection to gain entry into a new market full of financial services for every need. DeFi decentralized applications have mainly focused on providing the same financial services but on a trustless network. Decentralized finance (DeFi) is the idea of rebuilding the infrastructure of financial services and moving it onto decentralized networks to take the industry from a centralized system full of monopolies towards a trustless and transparent world that runs with no intermediaries.Īt present, it mainly exists in the Ethereum blockchain.
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