Staking is one of the most popular methods of passive earning. All PoS networks allow their users to stake the native coins. This process strengthens the security and helps in the smooth operation of the network. So, if you are holding any coins, then look for supporting dApps from where you can stake your coins. […]
A proposal has been made to shut down DeFi credit protocol Mars following the spectacular collapse of the UST stablecoin, and its sister token LUNA, last week. It comes as Mars’ total value locked (TVL) crashed 99% to $2.6 million from $270 million amid the Terra ecosystem dramatic meltdown, which rippled across the entire crypto […]
DeFi proponents continue to champion algorithmic stablecoins, despite Terra’s recent collapse and general apprehension around stablecoins. Following the crash of the stablecoin Terra (UST), supporters of DeFi, specifically algorithmic stablecoins, believe that the future of DeFi hinges on the presence of stablecoins, refusing to write them off. “An algo stable will exist in the next […]
An ambitious new decentralized autonomous organization (DAO) has built a data service for lending platforms that records a user’s financial reputation to reduce the amount of collateral needed for a loan. It has partnered with Chainlink and that protocol’s founder Sergey Nazarov is an early backer. Users of Reputation DAO will have traditional financial data […]
The regulatory arm of UAE’s financial centre, Abu Dhabi Global Market (ADGM), has released a discussion paper that is seeking stakeholders’ comments regarding the regulation of decentralized finance (defi). The paper also makes clear the regulator’s stance regarding the anonymity of defi transactions. Paper Not Guidance for Financial Institutions The FSRA, a regulatory arm of […]