Defi ecosystem update

16 Sep 2019 | Ecosystem

Decentralized Finance is picking up. It’s becoming the standard to refer to all projects that allow some kind of individual (decentralized) wealth management. We are of course following these developments closely and would like to share some news and statistics.

First of all, the ‘DeFi’ sector has been growing. Ever since MakerDAO laid the basic foundation with their decentralized stable token ‘DAI’ (1 DAI = 1 USD), there have been many innovations that allowed for interaction with this stable token. To make a long story short: the amount of DAI that has been locked up in different applications to make use of it, is exploding upward! It’s especially interesting lately because one of the major exchanges Coinbase decided to put 2 mln USDC (Coinbase’s native stable token) into DeFi projects that allow for decentralized lending, allowing them for a nice 5 – 10% interest on their deposit. Yes, that’s a major exchange interacting with Decentralized Finance.

(see www.defipulse.com for more statistics)

Another noteworthy and interesting fact of Decentralized Finance is that MakerDAO itself, to guarantee that DAI can be 1 USD at all times, has over 1.5 mln Ether locked (current value: 262.500.000 EUR) in it’s protocol. With 100 mln Ether in existence that’s over 1.5% of it’s supply. MakerDAO has at all times been the leading protocol measured in locked Ether and we expect, with their next upgrade in sight, this to only increase. It seems Makerdao and Ethereum are tightly interlocked.

The DeFi ecosystem is developing at an extremely fast pace and we hope to share the next exiting developments here soon.

Most recent stories

Defi Capital completed First investment round

We’re very excited to let you all know that DeFi Capital has recently successfully invested the first round of investors! As you may well know, ‘it all starts with one’ so we’re very happy and proud with this achievement and important step forward. The timing couldn’t...

read more
Why bitcoin and ethereum

Why bitcoin and ethereum

Introduction People who are not familiar with cryptocurrency might raise their eyebrows when they hear about a fund that has 70% of their capital invested in just two assets, but it is true. Bitcoin and Ethereum make up more than two thirds of our investment...

read more
The third Bitcoin halving

The third Bitcoin halving

Every four years something special happens with Bitcoin. It is something that is known as ‘the halving’. What is it and why is it so special? Let us explain. The Bitcoin halving is the moment when the speed at which new Bitcoin enter the world gets cut in half. Not...

read more
Crypto & DeFi Frequently Asked Questions

Crypto & DeFi Frequently Asked Questions

Which problem does blockchain technology solve? The problem with internet technology was that valuable digital assets could easily be copied and redistributed. This has been a major problem for the music and movie industry because anyone can copy songs and movies and...

read more
Don’t need to know blockchain

Don’t need to know blockchain

There it is again, blockchain technology. By now most of us know that it’s probably beneficial in one way or the other. You’ve maybe already heard about its global payment feature, censorship resistant database or no more need of a third party. But what a lot of us...

read more
Developments facebook libra

Developments facebook libra

Anyone who has followed the news lately might have heard about it: there’s allot going on about Facebooks Libra. What started as an idealistic project with ambitious goals now seems to end in a discussion about the power and influence of big tech. What is Libra? Libra...

read more

Welcome to defi capital

For the past 12 months we have been hard at work realizing DeFi Capital, an investment fund for blockchain technology. Now, with the launch of our website, we’re ready to go public! It all started with a vision about what blockchain technology could mean. Not only for...

read more