Post
Topic
Board Altcoin Discussion
Re: DeFi - ETH Financial Ecosystem (September 2019)
by
tetuto
on 30/06/2020, 09:52:52 UTC
That's a great overview of DeFi sector! Don't hesitate to share your knowledge with other community members on https://defiwiki.org/
Why is DeFi called decentralized finance? If centralized Stablcoin is laid

Well, not each stablecoin is centralized. We can consider as examples of centralized stablecoins: Tether, Gemini or USD Coin. They are backed by fiat currencies or commodities collateral-backed. But there are decentralized stablecoins that are backed by crypto/multiple assets. Such as MakerDAO's DAI, Synthetix, EOSDT, etc. https://defiwiki.org/wiki/Stablecoins
DeFi is not only about stablecoins, but there are also many other components https://defiwiki.org/wiki/DeFi_-_A_Beginner%E2%80%99s_Guide_to_Decentralized_Finance