DeFi

Developed by the DFINITY Foundation, Internet Computer (IC) is a blockchain service provider with a grand vision. It aims to become a basic computing service facility in the entire blockchain field. Similar to the blockchain versions of AWS (Amazon Cloud Computing Service) and Azure (Microsoft Cloud Service Platform), the Internet Computer (IC) provides solutions for all network services and cloud computing needs. If it is able to keep developing in the long term, it will be capable of bringing huge innovation to the crypto industry.

NFT games are one of the directions in NFT applications of the current Web3 developments.

APR and APY both measure interest. But APR measures the interest charged, and APY measures the interest earned.

MakerDAO is a decentralized autonomous organization with a collateralized stablecoin DAI that makes DeFi lending and borrowing possible.

Yearn.finance is a decentralized smart financial product built on Ethereum. It implements algorithms to shift assets between different smart contracts to attain the highest yields. Yearn.finance launched the YFI token in July 2020. Its price soared from $3 to $30,000 within one month, which rapidly attracted a large number of investors. Its founder, Andre Cronje, is a South African fintech developer. He created Yearn.finance when he realized that different DeFi applications offer different yields. Users flocked to Yearn.finance soon after it was launched. Its market cap reached $1.5 billion by September 2020. Data shows that its total value locked in the network exceeded $6 billion at its peak in November 2021. How did the craze sweep the whole crypto space? How does it work? Let’s explore.

Rollups represent one of the most popular and effective Ethereum scaling solutions. As a Layer 2 off-chain scaling solution, Rollup bundles thousands of off-chain transactions into batches and sends them to the main blockchain for storage and verification. It greatly improves transaction volume and transaction speed while inheriting the security of Ethereum Mainnet.

Wrapped tokens are tokens that are pegged against other cryptocurrencies and exist on other blockchains. They increase interoperability among blockchain networks.

Flash loans are a form of unsecured loans available to cryptocurrency traders on some DeFi protocols that require no collateral or intermediaries.

Social Tokens are meant to be the next big innovation in cryptocurrencies and in the field of decentralized finance.

Fractional NFTs are based on the premise of making fungible something non fungible. By fractionating an NFT, it is possible to create a shared ownership.

Rocket Pool is a decentralized application (dApp) in the Decentralized Finance (DeFi) space that increases access to staking opportunities on the beacon chain.

Blockchain bridges are specific protocols whose function is to connect two blockchains creating the possibility of transferring assets from one network to another

Uniswap is a decentralized crypto trading protocol built on the Ethereum blockchain that allows anyone to swap ERC-20 tokens directly from their wallet or to create liquidity pools of the tokens.

Connection and asset transfer between blockchains

DeFi 2.0 refers to the DeFi innovation phase, a subset of decentralized protocols built on breakthroughs like yield farming, lending, and other innovations.