Decentralized Finance, also known as DeFi, is a quickly evolving and increasingly integral part of the blockchain space, especially on the Ethereum protocol. If proponents are correct, the technology could lead to greater financial autonomy among users while undercutting financial rent-seekers and reducing costs. During a time of unprecedented monetary policy and limitless quantitative easing, such an accomplishment has implications far beyond Ethereum and the DeFi space.

Nevertheless, as the financial system is re-engineered on-chain, several innovations are still required to establish ease and security of use as well as financial stability. The Kyber Liquidity Protocol is one such link in the chain, aiming to create a more fluid and user-friendly financial experience. Focused on creating a decentralized source of liquidity, this liquidity pool, market maker-like blockchain project is gaining traction as an increasingly integral part of the DeFi system.

Correlating The Kyber...

Over the last year, the term “DeFi” has caused quite a stir in the decentralized community. Many in the community believe that DeFi, or decentralized finance, can completely turn the global economy on its head by making the finance sector transparent and more easily accessible.  The DeFi movement leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries:

• The pitfalls of traditional finance.
• What is DeFi, and why do we need it?
• DeFi use-cases and applications.

DeFi has a unique opportunity to craft a unique niche for itself in the space. There are currently 1.7 billion people around the world who don’t have access to essential financial services. However, with a simple internet connection, they will be able to access smart contracts and experience immense financial growth and security with DeFi. So before we look into the nitty-gritty of this revolutionary system, let’s...