Questions tagged [defi]

Bianca Mon Dec 30 2024 | 5 answers 1240

I'm interested in Cardano and its features. I've heard about DeFi and I'm wondering if Cardano falls into this category. Is Cardano considered as a DeFi platform?

HanbokElegance Mon Dec 30 2024 | 7 answers 1611

The market cap of DeFi, or Decentralized Finance, refers to the total value locked (TVL) within the DeFi ecosystem. TVL represents the amount of assets deposited into various DeFi protocols and platforms, which enable financial services such as lending, borrowing, and trading without the need for traditional intermediaries like banks or brokerages. The market cap of DeFi has been rapidly growing in recent years, fueled by the increasing adoption of blockchain technology and the rise of cryptocurrencies.

DiamondStorm Mon Dec 23 2024 | 7 answers 1380

DeFi lending in Bitcoin refers to the use of decentralized finance (DeFi) applications to facilitate lending and borrowing of Bitcoin. This allows individuals to earn interest on their Bitcoin holdings by lending them out, or to borrow Bitcoin for various purposes such as investing or paying expenses. DeFi lending platforms utilize smart contracts on the blockchain to manage these transactions, providing a secure and transparent way to engage in financial activities without the need for traditional banks or financial institutions.

BonsaiGrace Mon Dec 23 2024 | 7 answers 1915

I'm interested in understanding how to borrow money through DeFi. Could you explain the process and the steps I need to follow to successfully obtain funds using this decentralized finance method?

BlockchainBaron Sun Dec 15 2024 | 5 answers 1358

I'm interested in understanding the process of borrowing money through DeFi. Could you outline the steps and any requirements or considerations I should be aware of when attempting to do so?