What You Need to Know About DeFi in 2020
Wayne Jones • February 11, 2020
Decentralized Finance (DeFi) refers to a technology that uses decentralized blockchain technology to innovate on current financial services. As cryptocurrency aims to make money and payments universally accessible to anyone worldwide, DeFi has opened an alternative to every commercial service we use today, including investments, taking a loan, exchange of assets, insurance, and more.
DeFi includes various financial tools such as protocols, smart contracts , digital assets, and decentralized applications (DApps). A DApp is an app that, rather than being built and controlled by a single, centralized company, relies on decentralized technology. Thanks to the blockchain technology that powers these apps, you can modify them to suit your needs.
Why DeFis are Better than Traditional Systems
The concept behind DeFi is to allow you complete control of your assets. So, what differentiates these DeFi apps from other traditional financial systems like banks?
DApps are global
Whether you are in Mexico or Kenya, you have access to the same DeFi network and services. Although local regulations may apply, these apps are technically available to anyone with a smartphone and an internet connection.
2. Permissionless to join
It is easy for anyone to create and join. Using crypto wallets, users can network directly with smart contracts.
3. Transparent code on the blockchain
The code used to develop DApps , as well as all transaction activity, is available for all users on the blockchain. It allows users to understand the contract’s functionality and detect bugs, thus building a different kind of trust with users. There is no need for privacy concerns because the transactions are not tied directly to your real-life identity.
4. Decentralization
Records are stored simultaneously across thousands of computers without the control of a single entity. These DeFi apps run by themselves, as long as the code is already entered into the blockchain.
Top DeFi DApps You Should Check Out
Interested? Let’s have a look at just a few of the most used DeFi DApps out there that you can try today. The DApps require a cryptocurrency wallet with a built-in DApp browser to connect (like Coinbase Wallet). Most of these DApps are easily accessible on your desktop by selecting the Coinbase Wallet option and scanning a QR code.
Crypto Lending & Borrowing
The DeFi lending platforms provide loans to users without any intermediaries, i.e., in a trustless manner. The lending protocols also allow every participant to receive interests on coins and stablecoins. Ethereum and EOS , the blockchains used, are rapidly dominating the DeFi lending marketplace. EOS has the highest amount locked by a blockchain (over $600 million), but most DeFi lending apps use Ethereum (15 as of June 2019).
The lending and borrowing platforms offer several benefits for users –
For borrowers:
- Borrow a utility: The borrower may choose to temporarily borrow a token to get governance rights or power on the blockchain.
- Ability to short an asset: a borrower may decide to buy an asset and sell it on another exchange for any other crypto coin, thus shorting an asset. It offers margin trading functionality into platforms that don’t support it. It also replicates margin trading in centralized exchanges.
For Lenders:
- Long-term Investment Reward: Besides capital appreciation or a HODL strategy, long-term investor s can earn an additional amount from interest on lent assets.
- Earning opportunity from stablecoin : Through these decentralized platforms, stablecoin issuers can have the chance to win inducements by allocating part of their revenue from floating interest rates collected on their bank deposits to users who support the circulating supply.
Examples of such types of platforms and protocols are:
Compound
Compound lets you borrow or lend your crypto and earn interest. In Compound, the interest rate is not fixed, which is paid once you borrow the funds. The interest rate changes dynamically based on real-time supply and demand in the market. Unlike most cryptocurrencies that are hodled and fail to generate any interest – which is frustrating- Compound lets you gamble by borrowing and selling coins you think will drop. Even better, the interest rate is set as lower than the borrowing rate to offer more liquidity.
Maker
Maker DAI is pegged to the US Dollar and is backed by collateral in the form of crypto. Maker is a stablecoin project which offers the programmability of crypto without the downside of volatility. Cool, right? It differs from “traditional” cryptocurrencies that you see, like Ethereum and Bitcoin. The Maker token, which gives users a chance to participate in operational earnings through “governance fees rate,” acts as interest rates for the network.
Dharma
It is a semi-centralized P2P lending/borrowing platform based on Ethereum. Interest rates on Dharma are different for each coin though the average collateral ratio is 210%. It also has a direct match-making type platform where a user requests to lend his asset and then need to wait for a borrower to match his offer.
DeFi Derivatives
A derivative is a financial contract between parties that originates its values from the performance of an underlying entity such as an asset, index, commodity, interest rate, etc. Derivatives in DeFi offer vast flexibility across multiple assets and platforms. Here are the two major primary purposes of using a derivative:
- To gain by guessing how the price of that entity is going to change in the future.
- To prevent price fluctuation in the future by signing a contract to buy an asset for a fixed price.
There are four types of derivatives –
- Future – trades are based on exchanges where a buyer must purchase an asset at an agreed rate on a fixed date in the future.
- Forward – this is similar to the future but more flexible to suit both parties.
- Option – Here, the buyer is not obliged to but has the right to purchase or sell the asset at a specific price.
- Swap – Usually, between interest rates and crypto coins, these contracts allow two parties to exchange one type of cash flow for another.
Here is an example of a commonly used DApp based on derivatives;
Synthetix
Synthetix is a multi-tier platform and exchange which allows users to perfect various synthetic assets, including derivatives and cryptocurrencies. The tokens provide exposure to more than 20 different assets within Ethereum blockchains such as US Dollars, TESLA, gold, and many more. Synthetix has a collateral mechanism where SNX users collectively take on the counterparty risk of other user’s synthetic positions.
Conclusion
DeFis are new instruments that are full of promises and hidden potential. However, there are certain risks involved. We all remember the US recession in 2007 , where it took down the traditional finance space and the global economy a few times.
Decentralized finance comes with several benefits like more comprehensive global access to financial services, affordable cross-border payments, censorship-resistant transactions, and many more. However, the DeFi needs thorough research from developers to allow real flexibility and ease of access and use. 2020 might be an exciting year to follow since promising solutions are already on the way.
The post What You Need to Know About DeFi in 2020 appeared first on Crypto Adventure.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.
Miami, FL. In a transformative step toward modernizing public data management, DelNorte has partnered with the government of Brazil to launch a pioneering data tokenization program in Rondônia . This initiative marks the official debut of the DTV Token , the core digital asset powering DelNorte’s Terra Vision ecosystem — a blockchain-based CRM platform with full government endorsement for digitizing, tokenizing, and securing all government data and transactions. With deployments already active in Mexico , Honduras , and El Salvador , DelNorte is the only tokenization customer relationship management platform operating across four Latin American nations, supported by blockchain networks like Ethereum, NEAR, Polygon, and Partisia, and backed by collaborators including Coldwell Banker, Novotel, Valkary, and Farcana. “This is real, working technology addressing trillion-dollar challenges,” says Anton Glotser, Co- Founder & CEO . “We’re not just imagining a future of secure, automated government data — we’re building it, hand-in-hand with governments ready for change.” The Vision: Automating and Securing All Government Data. DelNorte’s mission is to digitize and tokenize all government data — from land titles to IDs , licenses , and public records — with a long-term goal of automating and securing every government transaction on the blockchain. By leveraging AI and blockchain, DelNorte’s Terra Vision platform ensures transparency, efficiency, and tamper-proof security, transforming how governments and citizens interact with critical data. This initiative empowers economic inclusion by turning undocumented assets and identities into verifiable, active capital. The Founders Driving Change: Anton Glotser , a serial entrepreneur with over 20 ventures, is the visionary behind Terra Vision. His focus is on creating infrastructure that revolutionizes government data management and unlocks economic opportunities for billions. Jud Ireland , Co-Founder, brings expertise in real estate and a passion for solving global challenges. “Over 70% of critical assets, like land, lack formal documentation,” Ireland explains. “We’re changing that by digitizing and securing all government data, creating pathways to economic empowerment.” What Is the DTV Token? The DTV Token is the utility backbone of the Terra Vision platform, enabling: • Secure payments for access to digitized government records Staking to enhance network security Governance participation in platform evolution Access to a digital government service hub (e.g., smart contracts for IDs, licenses, deeds, and more) Key Details: Token Launch: April 30, 2025 Where to Buy: Multiple launchpads — see pinned post at x.com/delnorte_io Also Listed On: MEXC Use Cases: Identity verification, secure data transfers, staking, governance, and access to certified digital records In a transformative step toward modernizing public data management, DelNorte has partnered with the government of Brazil to launch a pioneering data tokenization program in Rondônia. This initiative marks the official debut of the DTV Token, the core digital asset powering DelNorte’s Terra Vision ecosystem — a blockchain-based CRM platform with full government endorsement for digitizing, tokenizing, and securing all government data and transactions. The DTV Token will be available through multiple launchpads (details in the pinned post at x.com/delnorte_io) and is officially listed on MEXC, making it accessible to a global audience ready to participate in a new era of trusted digital infrastructure. Global Expansion: With Brazil now onboard, DelNorte is scaling its government-backed programs across Colombia, Costa Rica, Panama, Argentina, Ireland, Guatemala, Cyprus, the Philippines, and beyond. Each partnership advances the shift toward secure, digitized, and automated public data systems. About DelNorte: DelNorte is a blockchain infrastructure company dedicated to closing legal, economic, and technological gaps worldwide. Founded by Anton Glotser and Jud Ireland, DelNorte builds certified systems to securely digitize and tokenize government data, enabling billions to participate in the global economy. Learn More & Join the Movement: Website: https://delnorte.io Linktree: linktr.ee/DTVT X: @delnorte_io | Telegram: t.me/Delnorte_io | Demo: demo.delnorte.io • Press Contact: Rocio Botero | info@latinolive.net
Bitcoin has grown from a fringe technological curiosity into a major financial asset, and at the heart of its ecosystem lies one of its most powerful mechanisms: mining. But while mining was once the domain of tech-savvy enthusiasts with custom-built rigs, it has now become increasingly accessible to anyone with a smartphone. For those wondering how to mine Bitcoin or is mining bitcoin profitable in today’s world, the answer might just lie in the palm of their hands. How Bitcoin Mining Works Bitcoin mining is the process by which new bitcoins are entered into circulation and transactions are verified and added to the blockchain. Miners solve complex cryptographic puzzles to validate blocks of transactions. The first one to solve it gets rewarded with newly minted Bitcoins and transaction fees. This system ensures network security and maintains the decentralized nature of Bitcoin. In the past, mining required expensive hardware (like ASICs), constant energy consumption, and deep technical know-how. But recent innovations have given rise to mobile-friendly methods that offer alternative ways to participate in the mining ecosystem. Methods of Bitcoin Mining via Mobile Apps Cloud Mining: This method allows users to rent mining hardware hosted in remote data centers. Users lease a portion of mining power (hash rate) and earn a share of the mined Bitcoin. Many cloud mining platforms offer apps to monitor earnings. However, some cloud mining services have been criticized for a lack of transparency and reliability. Mobile Mining: These apps claim to mine Bitcoin directly from your phone by using its CPU or GPU. However, due to limited processing power, energy inefficiency, and wear on devices, mobile mining is generally inefficient and mostly unprofitable. Many apps in this category are more simulations than real mining tools. Digital Mining: A more advanced alternative, digital mining involves owning hash power tied to real-world mining hardware, without ever having to manage physical equipment. Through platforms like GoMining, users buy digital miners via mobile apps and earn daily Bitcoin rewards based on their virtual miner's hash power. This approach bridges real mining infrastructure with digital convenience. How to Choose a Bitcoin Mining App Selecting the best Bitcoin mining app requires careful research. Here are some key things to consider: Transparency: Make sure the bitcoin mining app provides clear information about how it works, what kind of rewards you can expect, and how mining is executed. Legitimacy: Check for user reviews, community feedback, and platform transparency. If an app promises sky-high returns with no effort, it might be a scam. Ease of Use: A good crypto mining app should be user-friendly, with intuitive navigation and helpful features such as dashboards, tutorials, and support. It’s a plus, if the app is easy for newcomers. Performance Tools: Features like a built-in crypto mining calculator help users estimate potential rewards based on input variables like hash power and token holdings. Cross-Platform Compatibility: Look for apps that work across multiple devices, including a Bitcoin mining app for Android and other mobile platforms. Ecosystem Support: Some apps go beyond mining, offering gamified tasks, referral bonuses, or access to early crypto project launches. What to Avoid Unrealistic Promises: If it sounds too good to be true, it probably is. Avoid apps guaranteeing huge returns in short periods. Poor Reviews or Lack of Information: A quick search should reveal whether the app is legitimate or has issues. Fake Mining Games: Many apps posing as " mining games " only simulate mining activity without any real payouts. Lack of Contact Info or Support: A legit app should have accessible customer service and a traceable company behind it. GoMining: A Hybrid Platform with Real Mining Power One of the most talked-about platforms in the digital mining space is GoMining. Designed to simplify access to real Bitcoin mining, GoMining lets users buy digital miners linked to physical mining hardware in professional data centers. Unlike typical cloud services, GoMining provides full transparency and offers real-time mining rewards, tracked directly in the app. It's not just a bitcoin mining app, it's a fully-fledged crypto mining ecosystem that includes: A user-friendly interface is available as an app for both Android and iOS, and as a desktop version. Tools like a calculator and the dashboard are used to estimate your earnings. Additionally, there are options to upgrade your miners and interact with your farm within the app. The GOMINING token is the native token of the ecosystem. It fulfills several purposes, among which is the option to pay for maintenance with a discount of up to 20%. The GOMINING token can also be used to gain access to voting and locked presales of Bitcoin projects on the launchpad. Giveaways, airdrops, and other perks help to enhance earning potential. Two mining modes include Solo mining and Miner Wars, a clan-based game. Whether you're a beginner or an experienced user, GoMining simplifies the process while maintaining real earning opportunities. It's widely discussed in positive GoMining app reviews and seen as one of the best Bitcoin mining app options available. Final Thoughts So, is Bitcoin mining profitable in 2025? The answer depends on your approach. Traditional methods may no longer be accessible to everyday users, but new technologies and platforms like GoMining offer modern, user-friendly alternatives. With the right research and a smart strategy, mining Bitcoin via apps can still be profitable, especially when using platforms designed for transparency, scalability, and long-term growth. If you're exploring Bitcoin mining apps , look for legitimacy, user trust, and real-world connections to mining infrastructure. Digital mining through trusted platforms offers a fresh way to participate in the Bitcoin economy, one that doesn’t require cables, coding, or constant maintenance. As the industry evolves, the tools we use must evolve too. Choosing the right app could make all the difference between a missed opportunity and a new stream of crypto income. The main thing to remember is that every user should do thorough research before committing to one app. There’s a reason DYOR (do your own research) is the motto of the most successful crypto traders and experts.
Time to Troll Your Way to Riches Crypto enthusiasts, prepare yourselves: Troller Cat is about to hit the scene with a presale launch on May 2nd, 2025 . Tapping into the electrifying meme coin space, this cat-themed token is quickly becoming the center of buzz across crypto communities—and early signs suggest it could be the next breakout star. If history is any guide, the biggest wins in crypto often come before a project captures mainstream attention. With Troller Cat’s presale imminent, the opportunity to get in early on what could be a viral sensation is rapidly closing. Introducing Troller Cat ($TCAT): A New Meme Legend in the Making Everything about Troller Cat—from its branding to its strategic rollout—signals viral potential. During its recent whitelist phase, social media exploded with anticipation, setting the stage for what’s shaping up to be one of the hottest presales of 2025. Early adopters are seeing strong fundamentals behind the meme: beyond its playful theme, Troller Cat brings serious tokenomics to the table. Featuring a deflationary model and a rewards system based on community staking, the project’s foundation is designed not just for hype—but for longevity. Timing is Everything Like the meme coins that came before it, Troller Cat is building viral momentum at an unstoppable pace. Its growing community, clever marketing, and thoughtfully crafted roadmap all hint at major upside potential. On-chain data and early Discord leaks point toward a sustainable token model, where mechanisms like token burns and staking rewards fuel ongoing community engagement and price support. For investors looking to ride the next major wave, this could be a defining moment . What Sets Troller Cat Apart? While Troller Cat fully embraces its meme roots, the project is serious about real-world execution. Built on a clean, scalable blockchain—expected to be Ethereum (ERC20)—the token is engineered for speed, low gas fees, and wallet-friendly integration, all essential factors for achieving mainstream adoption. The project’s official website, Trollercat.com , is already a buzzing hub for crypto enthusiasts and cat lovers alike. With plans for a play-to-earn Game Center, robust staking mechanisms, and future centralized exchange listings, the roadmap mixes humor with hard business acumen. From their viral whitelist campaign to carefully planned strategic partnerships, the Troller Cat team knows how to balance chaos with coordination—keeping the spirit of meme culture alive while building long-term value. The Final Countdown While crypto presales naturally carry risk, they also offer the rare opportunity to invest before mass adoption. With Troller Cat’s presale starting May 2nd , early participants could be positioning themselves ahead of what many predict will be one of 2025’s most electric meme coin launches. And for those thinking of waiting for public exchange listings? Remember: early adopters often set the price for everyone else. Glossary of Terms: Troller Cat – A meme-inspired crypto project launching its presale on May 2nd, 2025. Presale – An early-access investment phase before a token’s public launch. Whitelist – A pre-approved list of users granted early entry into a presale. Deflationary Token – A token that reduces its supply over time, often increasing scarcity. Play-to-Earn (P2E) – A gaming model where players earn crypto rewards for participating. Tokenomics – The economics and structure governing a token’s supply and incentives. Staking – Locking tokens for rewards, enhancing network security and project growth. Frequently Asked Questions: When is the Troller Cat presale launching? The presale officially starts on May 2nd, 2025. How can I join the Troller Cat whitelist? Visit trollercat.com and follow the simple instructions to secure your spot. Is the Troller Cat token deflationary? Yes, Troller Cat will feature token burns and other supply-reducing mechanics. What blockchain will Troller Cat use? While early reports pointed toward BNB Chain, updated confirmations indicate Troller Cat will launch on Ethereum (ERC20). What makes Troller Cat unique? Troller Cat combines viral meme culture with real utility, including staking rewards and future Game Center integrations. Can Troller Cat tokens be staked? Yes, staking features are expected shortly after the presale concludes. Is Troller Cat a safe investment? As with all crypto investments, there are risks. Always conduct your own research (DYOR) and review smart contract audits and KYC when available. About Troller Cat Troller Cat is a meme-inspired cryptocurrency project designed to blend viral internet culture with real-world blockchain utility. Launching its presale on May 2nd, 2025 , Troller Cat aims to build one of the most dynamic and entertaining communities in crypto. Powered by a deflationary token model, staking rewards, and future play-to-earn (P2E) integrations, Troller Cat delivers both humor and substance. Built on the Ethereum (ERC20) network for speed, scalability, and low fees, the project’s mission is to bring meme lovers and serious investors together in one electrifying ecosystem. Learn more at Trollercat.com .
The transformation that Bitcoin went through, from a niche digital currency to a globally recognized asset, has revolutionized how we think about money, investment, and technology. By advancing decentralized finance, Bitcoin directly challenged the existing financial institutions. With the surge in interest came a growing need for innovative approaches to access this ecosystem. That’s why Bitcoin mining , once an obscure activity reserved for early tech adopters, has quickly grown into a sophisticated, multi-tiered industry. Today, it’s even more than that. Cryptocurrencies live by their own laws and regulations; there are trends to follow, and elements to understand before getting involved. Yet, despite Bitcoin’s evolution, it continues to face challenges that require new, user-friendly solutions. The Traditional Path: From CPUs to ASICs In the early days of Bitcoin, enthusiasts mined using their personal computers’ central processing units (CPUs). The power was more than enough, and the lack of interest in a new, untested technology didn’t allow for Bitcoin to make waves. Still, as competition grew, users upgraded to more powerful graphics processing units (GPUs), which offered better efficiency. The popularity of Bitcoin also surged, and that’s when Bitcoin mining slowly stopped being just a hobby. Eventually, application-specific integrated circuits (ASICs) became the standard for serious miners, offering unparalleled speed and energy efficiency. But ASICs are expensive, consume large amounts of electricity, and demand constant maintenance. Large facilities led by companies spearheaded the change and Bitcoin mass adoption . This evolution effectively shut out the average user from participating in mining. Today, running an independent mining operation requires significant capital, technical knowledge, and physical space. There are seemingly too many barriers that deter mainstream adoption. Mining as a Service: Cloud and Mobile Solutions To bridge this gap, cloud mining platforms were created. These services allow users to rent hash power from remote data centers without dealing with hardware directly. While more accessible, cloud mining platforms often lack transparency, and many have been accused of being Ponzi schemes. Some users never see a return on their investment, and that’s just part of the issue. Companies often offer a locked contract that doesn’t allow a user any control over their mining operation. Meanwhile, mobile mining apps claim to offer Bitcoin mining on phones, using device CPUs or offering simulation-based experiences. These apps are typically inefficient, power-draining, and often function more as marketing tools than real mining mechanisms. Nonetheless, they illustrate the public demand for convenient and passive income apps tied to Bitcoin. Digital Bitcoin Mining: The Most Modern Approach Digital mining is an evolution of both cloud and mobile mining. It enables users to own digital miners. A digital miner is a virtual asset that represents actual hash power in professional mining facilities. Unlike cloud mining contracts, digital miners are ownable. As such, they can be upgraded, sold, or transferred, offering more control and transparency. Digital mining removes the need for hardware ownership, offering users real mining rewards without the hassle of dealing with the issues related to traditional mining. It represents a step forward in making legit Bitcoin mining accessible to anyone, anywhere. GoMining: A Digital Mining Ecosystem A leader in this new wave is GoMining, a crypto mining website that offers a fully digital experience. Through its app and web platform, users can purchase and manage digital miners that are directly linked to physical mining operations. GoMining combines ease-of-use with real mining infrastructure. It's a Bitcoin mining website designed for both beginners and seasoned crypto users. The core of its ecosystem may be built around accessible Bitcoin mining, but there’s so much more to the platform. What sets GoMining apart is its holistic approach: Two Mining Modes: Aside from solo mining, which allows users to acquire daily BTC rewards according to the power of their farm, there is another mode. Miner Wars is a clan-based mining game, in which players join clans and compete against each other for rewards. Launchpad: A Bitcoin-centric launchpad allows Bitcoin projects to present their tokes for pre-sale. GOMINING Token: Used to pay maintenance fees at a discount, access token presales, and participate in the ecosystem through voting. The tokens can also be invested in a liquidity pool . Secure Wallet: Integrated features that allow users to hold and store their Bitcoin rewards and GOMINING tokens. Passive Income Potential: Rewards are distributed daily, and users can optimize earnings through strategic upgrades and in-game participation. LBH (Level-Based Hashrate): A tiered system that rewards long-term engagement and miner power accumulation. The GoMining platform is available as a Bitcoin miner app , suitable for mobile devices and providing Bitcoin mining on phone without draining local resources. This makes it a strong contender among crypto mining sites aiming for mass adoption of Bitcoin. Why Digital Mining Matters Digital mining lowers the barriers to entry in the Bitcoin mining world. It provides an accessible gateway into an otherwise complex industry. For those asking whether mining is still profitable, the answer is nuanced. It can bring considerable rewards, but only when done through efficient, transparent, and legitimate platforms. GoMining’s transparency, use-case versatility, and gamified features make it one of the most promising players in the space. It transforms passive income apps into real revenue channels tied to blockchain infrastructure. As Bitcoin continues its journey toward global acceptance, platforms like GoMining will play a crucial role in democratizing access to mining. They are not merely tools, they’re part of the broader movement toward decentralized financial empowerment. Final Thoughts The landscape of Bitcoin mining is shifting. From hardware-heavy operations to app-based solutions, the evolution has opened doors for millions of new participants. Digital mining, exemplified by GoMining, is the most advanced iteration yet. It offers the security of real hash power with the ease of mobile access. In navigating the challenges of Bitcoin mining, GoMining and similar passive income apps offer clarity, control, and opportunity. They bring us one step closer to true Bitcoin mass adoption, where earning BTC is not limited to those with tech labs and industrial budgets, but is available to anyone with a phone and a plan.
NEVER MISS AN ARTICLE!
Sign up and stay up-to-date about what's happening at our site.
