DeFi (decentralized finance) is one of the biggest trends in the blockchain industry, and many believe it will overtake the traditional finance world. DeFi apps (DApps) powered by smart contracts allow for permissionless financial operations such as efficient stablecoin trading, decentralized lending or Yield Farming, DEX (Decentralized exchanges), DeFi insurance, liquidity mining, etc., to be conducted within a peer-to-peer network without the need for intermediaries. This entire DeFi ecosystem is mainly built on the Ethereum blockchain, which processes trillions in transactions annually, powers almost 3,000 DApps, and has around $107 billion in total value locked (TVL). Ethereum’s exponential growth brings […]
Category: arbitrum
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