$177.39 2.87%
ETH · 6w

DeFi will be huge in 2020, but how will it affect ETH?

The future of finance is evolving and Ethereum based DeFi is at the forefront of it. This year has seen explosive growth in decentralized finance despite bearish crypto asset performance. 2020 is set to be even bigger with bold predictions of where DeFi will go next.2020 Could Be Huge for DeFiDecentralized finance has literally exploded this year. It offers a unique way to earn interest on digital assets without a middleman taking a cut. With the current traditional banking system on the verge of collapse, and interest rates going into negative territory, savers are getting punished on a grand scale.DeFi is the solution as a deposit in Ethereum or a stablecoin such as Dai can earn impressive interest rates on some platforms. Just this week new records have been set for the amount of ETH locked up in DeFi.According to the current amount of ETH locked in DeFi is at an all-time high of over 2.7 million. Dai is also at a peak with 30 million locked away earning interest. In USD terms, the figures are not far off their all-time highs with $665 million at the moment.Industry advisers Blockchain Capital have predicted that DeFi will continue to grow in 2020 and could be worth $5 billion. On a not so positive note it added that the fledgling industry could come under the scrutiny of regulators as it currently does not require any KYC/AML procedures.11) Lastly, our team shares some bold predictions for the New Year!— Blockchain Capital (@blockchaincap) December 12, 2019 Next year is likely to herald in a number of positive developments for the DeFi ecosystem. According to a recent defipulse blog post privacy and anonymity solutions using zero knowledge are likely to improve in 2020 as further development on the Ethereum network proceeds.Ethereum 2.0 Staking OpportunitiesDecentralized exchanges are also likely to grow next year and efficient non-custodial financial tools will continue to attract more traders away...
Continue on
Recent news
ETH +2.87% · · 5h

Introducing 0x API

Learn more about 0x Protocol's new API which allows Ethereum applications to tap into deeper liquidity across industry leading DEXs.
ETH +2.87% · · 8h

0x Blog: Access all DEX liquidity through 0x API

We are starting the year (and the decade) with a bang! Today we are excited to introduce 0x API. We designed the 0x API to make it easy for DeFi developers like you to tap into both off-chain and…
ETH +2.87% · · 9h

The 1.x Files: The Stateless Ethereum Tech Tree

I started to write a post that detailed a “roadmap” for Ethereum 1.x research and the path to stateless Ethereum, and realized that it’s not actually a roadmap at all —— at least not in the sense we’r...
ETH +2.87% · · 9h

DEX liquidity protocol 0x launches API

0x, the decentralized exchange protocol that facilities peer-to-peer exchange of Ethereum-based assets, today launched the 0x API. The 0x API was designed
ETH +2.87% · · 10h

Uphold Introduces Commission-Free Trading for Users

JUST IN: Uphold is offering commission-free cryptocurrency trading, a move based on Uphold’s ability to net trades at a lower cost after gaining more liquidity providers, said CEO JP Thieriot. @Nate_D...