As Ether’s price sees record losses, MakerDAO, the biggest player in decentralized finance (DeFi) on the Ethereum network, is looking at responses including a shutdown – though that possibility remains unlikely at this point. Markets clobber DeFi Per a March 12 call in response to “Black Thursday” losses, developers and MakerDAO Foundation members weighed the […]
Major decentralized finance (DeFi) player MakerDAO (MKR) partnered with payment processor Simplex to create a fiat on-ramp for its DAI decentralized stablecoin. According to the 3rd March’s announcement, the partnership makes it possible to buy DAI with the credit and debit cards of Simplex’s partner firms. Maker’s business development representative in Europe, Gustav Arentoft, said: […]
Huobi, a major cryptocurrency exchange, announced the public testnet launch of its open-source decentralized finance (DeFi) blockchain, Huobi Chain, on Feb 29. Its aim is to provide a regulatory-friendly framework for financial services companies to deploy applications in a variety of finance-related sectors. Huobi Chain incorporates a flexible governance model that supports both regulators and […]
As the new decade unreels, a new wave of disruption seems to be coming to the shores of the global financial system. That wave is called decentralized finance protocols. Decentralized Finance, or DeFi, simply refers to financial software that is built on the blockchain to make it easy for anyone to piece together digital assets […]
Analytics site DeFi Pulse today releases a new system to accelerate the listing of decentralized finance (DeFi) protocols. According to the co-founder Scott Lewis, DeFi Pulse, the team’s new listing process will go live today. With the new system, the prospective project, rather than the site itself, will code the required adaptor using the DeFi […]
ETC Labs and Fantom Foundation are collaborating to bring decentralized finance (DeFi) to Fantom’s ecosystem. The news comes in the form of a press release on Feb 10. Ethereum classic will serve as collateral for issuing stablecoin similar to Maker’s DAI on the Fantom platform. Fantom will use the Xar Network, a DeFi framework specifically […]
Smart Contract platform that handled RSK has publicized the beginning of a Bitcoin-Ethereum Bridge. The new technology allows users to transfer Bitcoin into dApps developed on the RSK platform. Something similar could be done via the Ethereum blockchain. This invention reflects an improvement in interoperability between blockchain. Again, it’s pivotal for ensuring the improvement and […]
Syscoin, one of the earliest crowdfunding blockchain projects, announces the successful mainnet launch of the Syscoin Bridge Protocol. For Syscoin, this represents a significant technological milestone in blockchain interoperability. However, the Syscoin Bridge is a zero counterparty bridge for moving tokens back and forth between the Syscoin and Ethereum Blockchains. The team working tirelessly on […]
Ethereum-focused incubator ConsenSys has announced a new product suite for commercial applications of decentralized finance called the Codefi Project. The project will thus help increase Defi adoption…
The crypto trading platform Coinbase is now introducing the USDC Bootstrap Fund for the development of Decentralized Finance (DeFi). It aims to support the DeFi protocol developers directly with the USD Coin (USDC) investments…