DeFi 101: What’s The Difference Between CeFi and DeFi?

Decentralised finance, or DeFi for short, is the umbrella term used to describe financial applications on the blockchain.

These apps power everything from simpler activities, like trading cryptocurrencies, to more complex services, including borrowing money and making a loan. The most popular DeFi trading platforms are Uniswap and Curve Finance. 

The top lending and borrowing protocols …

New This Week: Onboarding The Next 1m NFT Collectors

Reddit’s recent NFT collection caused quite the storm.

Users created three million crypto wallets to buy over 86,000 ‘digital collectables’ (as Reddit called them), with the collection reaching a market cap of over $100 million.

Reddit’s success got the Elitium team thinking: how can we help onboard the next million users into the NFT space? One …

DeFi DeBrief #12: Peak interest rates 🏔

Welcome to issue #12 of the DeFi DeBrief, your weekly digest of the biggest news in DeFi.

TL;DR:

The Fed shows no signs of a pivot
Visa sets sights on a new crypto wallet
Twitter edges ever closer to web3

 

Onwards 👇

 

TAKE NOTE
The only way is up for interest rates 📈
The Fed has once more raised …

DeFi 101: What Makes A Good DeFi Protocol?

Decentralised finance (DeFi) has only been around since 2018. The ecosystem took off in the DeFi summer of 2020, and it’s now gaining mainstream traction.

Still, there are so many DeFi protocols — how can you tell the good from the bad? Thankfully, you can use a collection of metrics to judge if a particular …

New This Week: Fractionalised Masternodes Are Coming To Elitium

Masternodes are a powerful way to generate outsized returns.

If you run an Elitium masternode, you can generate up to 26% in annual EUM rewards. Which is why they’re such a popular digital asset.

That said — if you want to run a masternode, you first have to set aside a 100,000 EUM deposit, used as …

DeFi DeBrief #11: House sells on OpenSea 🤯

Welcome to issue #11 of the DeFi DeBrief, your weekly digest of the biggest news in DeFi.

TL;DR:

OpenSea starts selling houses
Reddit onboards 3m new NFT users
Tether available on 24,000 ATMs

 

Onwards 👇

 

TAKE NOTE
House-hunting? Why not check OpenSea 🏡
Blockchain fans have long talked about using non-fungible tokens for real estate, but no one quite …

DeFi 101: What Is Yield Farming?

Yield farming uses decentralised finance (DeFi) to maximise the return on your digital assets. You lend or borrow tokens on a decentralised application (dApp) and earn tokens in return.
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The middle of 2020 was massive for decentralised finance (DeFi). 

An entire ecosystem of applications emerged from a long, cold crypto winter, ringing in a period now …

New This Week: Sneak Peek At The New NFT Farming App

A couple of weeks ago, we announced the Elitium NFT farming app.

Now, we never sit still here at Elitium. And the first conceptual designs of the in-app experience are taking shape.

We’ve decided to give you early access to the work, both to give you a real-time look at progress and to ask for your …

DeFi DeBrief #10: What inflation? 😎

Welcome to issue #10 of the DeFi DeBrief, your weekly digest of the biggest news in DeFi.

TL;DR:

Crypto shrugs off latest inflation numbers
Mastercard brings crypto trading to banks
Tether shores up its reserves

 

Onwards 👇

— — —

TAKE NOTE
Inflation figures just a bump in the road 🚧
Another CPI index, another ‘higher than expected’ outcome. U.S. …

DeFi 101: How Are DeFi Yields So High?

Many people distrust decentralised finance (DeFi) because it offers such a high APY. There’s some irony in that.

The real question should be, ‘Why don’t banks pay you more?’ 

Because most centralised institutions can afford to pay you higher interest rates, they just choose not to. That said, decentralised finance has an unfair advantage over traditional …