Blockchain and Crypto Blog

Ivan on Tech Academy provides latest insights and reports about the blockchain industry.

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A DeFi Deep Dive - What Is DeFi Lending?

Written By Ivan on Tech

Jul 27, 2020

What is DeFi Lending?

The DeFi lending space plays the same role as any traditional bank giving loans to a user or business. But as with any other blockchain application, DeFi lending has much more to offer than its conventional peers.

The DeFi crypto lending platforms offer crypto loans to anyone in a trustless manner, i.e., without intermediaries. Any user can enlist the crypto coins they own in the DeFi lending platforms for lending purposes. A borrower will directly take a loan from the platform, which can also be called DeFi P2P lending. The lending protocol enables the lender to earn interests.

Out of all the other DApps available in the decentralized finance space, the DeFi lending growth rate is highest, making it the most significant contributor to locking crypto assets. According to crypto research company Messari, the DeFi lending space is the top-performing section in terms of ROI (return of investment), followed by decentralized exchanges (DEX) and DeFi payments.

What...

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Decentralized Finance: What Is DeFi and Why Do We Need It?

Written By Ivan on Tech

May 11, 2020

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...

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