NEOPIN

NEOPIN is a leader in the Permissioned DeFi market. If you don&#39;t know what DeFi is and think it&#39;s too complicated, don&#39;t worry, We&#39;re publishing articles on &#39;DeFi made easy&#39; to make DeFi more understandable and accessible. Please subscribe and like these articles!Today, we&#39;re going to dive in and learn about the origins of DeFi, and more.<h2 id="header-0">The evolution of blockchain finance since the birth of Ethereum</h2>· Ethereum&#39;s most successful decentralized applications (DApps) are DeFi.· DeFi stands for Decentralized Finance, The opposite of centralized finance.· It later evolved into Ethereum-backed lending, decentralized exchanges, liquidity staking, re-staking, etc.<h2 id="header-1">DeFi timeline</h2>· 2009 Bitcoin Blockchains that focus on functions as money, such as payment or transaction-related systems.PoW· 2014 Bitshares cryptocurrency using DPoS consensus algorithm, founder <a href="https://bitcoinwiki.org/wiki/dan-larimer" rel="noopener noreferrer nofollow">Dan Larimer</a>· 2015 Ethereum decentralized platform for building smart contract-based applications· 2014 MakerDAO founder <a href="https://cointelegraph.com/top-people-in-crypto-and-blockchain-2023/rune-christensen" rel="noopener noreferrer nofollow">Rune Christensen</a> Project to issue Dai (DAI), a dollar-pegged stablecoin backed by Ethereum Prototype in &#39;15, Single Collateral DAI (SCD) in &#39;17 Multi-Collateral DAI (MCD) in &#39;19· 2017 EtherDelta the first decentralized exchange (DEX) based on Ethereum. Now ForkDelta Trading system based on Ethereum smart contracts.· 2017 ICO boom → AAVE, SYNTHETIX, REN, Kyber network, Bancor, etc. are born.ICO (Initial Coin Offering): Distribution of coins to unspecified investors after raising funds for initial development· 2018 Compound DeFi platform offering loans secured by cryptocurrency· 2018 Uniswap Ethereum-based protocol to facilitate automated exchange transactions between ETH and ERC-20 tokens· 2020 SushiSwap DeFi protocol that successfully absorbed Uniswap liquidity shortly after launch· 2020 Lido liquidity staking protocol· 2022 NEOPIN designed as Permissioned DeFi prior to launch* There have been many changes and innovations in DeFi since the launch of NEOPIN. However, since this article aims to demystify DeFi, the timeline is limited to 2022, the year NEOPIN was released. We&#39;ll cover the more complex and difficult technologies that came after 2022 in a separate article.<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdOdtOa8mrSLIygHv3dypjxg8CSJUEAhHmB_IbtCAJHqXVVrf-Inw4WkFmaOwF58IWeXUOLn-z39jYXefAl8DYeJ3W9vto3F81PhWVK8Jfx9w3npiO5D1SVnciO7tKzQ-J_oa2XvCSaAGuSolqio_PbSdQ?key&#61;OZBM8xA5zPQtCzg_sfASDQ" />&lt;Finematics “<a href="https://www.youtube.com/watch?v&#61;qFBYB4W2tqU" rel="noopener noreferrer nofollow">DEFI - From Inception To 2021 And Beyond (History Of Decentralized Finance Explained</a>”&gt;<h2 id="header-2">What is Decentralized Finance (DeFi)?</h2>· Decentralized financial services that operate using cryptocurrency based on smart contracts on a blockchain network.· Financial services (insurance, loans, investments, etc.) provided by blockchain technology without the intervention of centralized institutions such as governments and banks.· Transaction history, personal information stored and protected in a distributed database (DLT, Distributed Ledger) on the blockchain.· All you need is a smartphone/internet connection. Convenience and ubiquity make it the next generation of financial services<h2 id="header-3">[Features]</h2>1. Decentralization· Free from the traditional financial system of traditional financial institutions, participants in the blockchain network are the operating entity.· Using tokens issued by the blockchain protocol, it is not restricted by any country or institution.2. Immutability and Transparency· All transactions in DeFi are irrevocably codified in the distributed ledger of the blockchain network. (It is impossible for any entity to invalidate or alter a particular record).· All network participants can see how much of their assets have moved from one address to another (all transactions are transparently public)3. Openness and interconnectivity· Most DeFi are accessible to anyone with internet access· Cross-chain communication allows different blockchain protocols to interact and operate<h2 id="header-4">[How it differs from traditional financial services]</h2>· Who manages the money: Deposits are managed directly by “individuals”, traditional financial services are managed by “financial companies”.Today we published our second article on Easy DeFi, and next time we&#39;re going to dive into staking, swaps, and more of what DeFi has to offer. Until next time!&#x1f465; Join the NEOPIN Communities<a href="https://onelink.to/5ynn8k" rel="noopener noreferrer nofollow">App</a> | <a href="https://neopin.io/" rel="noopener noreferrer nofollow">Web</a> | <a href="https://twitter.com/NeopinOfficial" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://medium.com/neopin-official" rel="noopener noreferrer nofollow">Medium</a> | <a href="https://discord.gg/neopinofficial" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://t.me/neopin_eng" rel="noopener noreferrer nofollow">Telegram</a>

[NEOPIN Easy DeFi] Learn About DeFi

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