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After Smart contracts, Decentralized Finance could be seen as one of the most disruptive innovations the crypto industry has seen. No surprise it has pushed Ethereum back to the new all-time high. Just like the brainchild of Vitalik Buterin, Defi opened up an ocean of opportunities for its users. Even the notorious Mark Cuba recommended people to dig deep into the topic, as the future is right there.

What is DeFi?

Just as the name suggests, Defi refers to financial services and lack of central authority. To be more precise, it eliminates brokerages, exchanges, or banks to offer traditional financial instruments. We could define Defi as a merger of traditional banking services and blockchain technology. Amongst its features, we can find crypto trading, loans, interest accounts, and – the king of the hill – staking. In other words, there are plenty of possibilities for retail investors in the Defi space, especially if the target is to earn passive income.

Institutional Players Get On the DeFi Train

The hype has reached the point where even traditional banks began exploring decentralized finance. According to Ruangroj Poonpol, chairman of Kasikorn Business Technology Group (KBTG), a tech arm of KBank, KBTG recently established a subsidiary called Kubix to operate as an initial coin offering portal for digital tokens in a collaboration with the Stock Exchange of Thailand. What else is needed to prove the viability of the idea when even regulated institutions consider integrating Defi technology? No matter how it sounds, Defi is on the path to revolutionizing the financial industry just like the blockchain did earlier.

DeFi Staking Is the Best Alternative When Saving Interest Rates Are At Record Lows?

We all know the phrase that money should work for us and not the other way around. For that reason, our parents would put their money into a savings account to earn a higher rate of interest without taking too much risk. Unfortunately, those g...

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