https://www.crypto-lfg.com/tags/defi-2-0-guide/ Fri 11 Sep 2026 17:19:50 +0200 https://www.crypto-lfg.com/videos/374/what-s-defi-2-0-full-explanation/
You just wet your toes into the world of DeFi. And discord and Twitter is already full of DeFi 2.0 chatter. So What is DeFi 2.0?! As you already know, DeFi, or decentralized finance, comprises all the decentralized alternatives to our existing financial world. The crucial difference between DeFi protocols and traditional financial services is that DeFi doesn’t require intermediaries. Instead, DeFi uses blockchain technology to cut out those expensive middlemen like banks, brokers, and stock exchanges. And in the past year, we’ve watched DeFi go from a fringe idea to a colossal business. Right now, the total value locked into DeFi protocols is hovering around the $250 billion mark, and the global market cap for all DeFi tokens is just under $150 billion. Yes, these figures are very impressive. But to put them in context, the global derivatives market contains an estimated one quadrillion dollars. So, DeFi still has a way to go yet before we can start making any meaningful comparisons to traditional finance. Still, the DeFi 1.0 protocols available to us now offer an impressively wide array of financial services already. We’ve got decentralized lending protocols like MakerDAO, which enables you to put up crypto as collateral in exchange for less volatile assets like stablecoins. There are derivatives platforms like Synthetix that issue synthetic assets, allowing for the creation of crypto indexes, like the DeFi index. And of course, we have decentralized exchanges, or DEXs, like Uniswap and PancakeSwap. DEXs allow you to create your own liquidity pools or contribute liquidity to a pool in exchange for a share of the transaction fees, among other features. However, given DeFi’s success, it’s pretty easy to overlook the problems our DeFi 1.0 protocols are up against. Problems which DeFi 2.0 seeks to address. So, without further ado, let’s take a look at the 5 things you don’t know about DeFi 2.0: 0:00 - The Challenges of DeFi 2:14 - #1 DeFi 2.0 Aims to Provide Long-Term Liquidity 6:00 - #2 DeFi 2.0 Won’t Rely on Fiat-back Stablecoins 7:10 - #3 DeFi 2.0 Will Be More Decentralized 8:32 - #4 & #5 DeFi 2.0 Will Lower User Costs and Offer a Superior User Experience ???? From crypto news, to market moves, and to educational how to videos, such as the one today. If you want something more than just hype and to actually learn about crypto, make sure to hit the subscribe button right now and turn on notifications to not miss out on new videos! ???? Coin Market Cap is the world's most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space. Its mission is to make crypto accessible all around the world through data and content. ???? Download our app! IOS : https://apple.co/3dOkokH Android : https://bit.ly/3gHyJkS ???? Join CoinMarketCap! https://bit.ly/3dVaEoS Follow CoinMarketCap on social! https://twitter.com/CoinMarketCap https://www.facebook.com/CoinMarketCap https://www.instagram.com/CoinMarketCap https://reddit.com/r/CoinMarketCap https://t.me/CoinMarketCap ???? Subscribe to our Newsletter! https://coinmarketcap.com/newsletter/ ]]> Wed 08 Dec 2021 16:11:31 +0200 https://www.crypto-lfg.com/videos/374/what-s-defi-2-0-full-explanation/