SocialFi (social finance) unites the principles of social media and DeFi (decentralized finance). To put it in another way, it’s social media based on blockchain technology. Its participants are targeted on secure data, freedom of exposure of their opinion, and monetizing of their social-media engagement. Regarding the latter, the profit from engagement is paid in cryptocurrency, while NFTs (non-fungible tokens)…
“Decentralized oracle” is the new buzz phrase in the world of crypto. According to Coindesk, big names in the IDO space have invested in this infrastructure, like Lithium Finance, which raised $5 million for a decentralized oracle to track private assets. The main reason behind these advancements in the oracle world is unmistakably the DeFi boom. Decentralized applications made on…
DeFi emerged as a secure, on-budget, and open-source alternative to popular financial services like loans and money transfers. Today it’s demonstrating strong growth and is stirring interest among blockchain industry leaders. Here a just a few facts about DeFi: ✔️During 2020, the Total Value Locked increased by 200% ✔️In 2020, worldwide spending on blockchain solutions exceeded $4 billion. ✔️In January…