Blockdemic Lab

Opinion/News/Deep-Dives on the Future of Money and the Internet

open finance-defi, yield farming

How do DeFi Services Attract Users?: Yield Farming and Why It Matters

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The potential of exponential earnings continue to attract new users to the cryptocurrency space, overall. People have continued to flock to Bitcoin because they believe that its price will continue to increase as its available supply continues to decrease. With the rise of DeFi, however, a new catalyst for growth has arisen, called “yield farming.” …

Blockchain spelled out in scrabble letters

What are DApps and what are their issues?: via DeFi

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Currently, $1.65 billion is locked in DeFi-related smart contracts, while the DeFi space continues to be touted as the catalyst for crypto’s new bull market. In case you’re not familiar with DeFi, think “blockchain-based apps that make financial services peer-to-peer.” These apps are peer-to-peer because they’re hosted on blockchains instead of traditional databases and they’re …