Article: How DeFi Paves the Way for Financial Inclusion

Decentralized Internet, Innovation, Money

How DeFi Paves the Way for Financial Inclusion

According to the World Bank’s report from 2017, approximately 1.7 billion people worldwide don’t have a bank account today.

Not having access to this fundamental financial instrument is the main factor that stops them from realizing certain everyday functions. However, decentralized finance (DeFi) was created to meet all the requirements and demands of traditional banking — security, privacy, and accessibility — in a new way.

By transferring financial operations onto the blockchain, people will only need a smartphone or portable PC and a stable Internet connection to access the global financial system 24/7. How’s that for a step in the right direction?

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Article: How DEXs Fuel the Development of the Decentralized Internet

Blockchain, Decentralized Internet, Web 3.0

How DEXs Fuel the Development of the Decentralized Internet

The evolution of decentralized exchanges is linked to the advancement of the whole blockchain industry and greatly affects the development of the decentralized internet. DEXs fuel the whole ecosystem of DeFi services that are now starting to include more decentralized applications, decentralizes SaaS, facilitate tokenization of assets and adoption of the P2P model.

Despite all these advancements, we’re still in the early stage of Web3 development and adoption. Users still encounter many obstacles: it’s hard to interact with the protocols from a phone and the desktop versions require additional software like wallet extensions.

There are also problems of scalability, cost of operations, user experience and security. But this is common for newly emerging technologies and mechanisms, especially the ones that bring economic and financial value.

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Article: DeFi snowball will turn into a Web 3.0 avalanche

Web 3.0

DeFi snowball will turn into a Web 3.0 avalancheDeFi snowball will turn into a Web 3.0 avalanche

We are at a pivotal moment in the history of the internet. And DeFi is a symptom of the real shift from centralized services to decentralized.

Decentralized finance has exploded over the past 12 months. The swapping, staking and yield farming successes have been well touted. The DeFi market cap has reached $45 billion, and there’s over $28 billion total value locked in DeFi today. That’s up from $600 million in January 2020 — a 4,300% increase.

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