A recent research report released by flipsidecrypto refutes the claim of venture capitalist Tim Draper that "the development of DFI will replace the US dollar as the world reserve currency". The report focuses on two stable currencies: Dai supported by cryptocurrency and usdc supported by French currency. It concludes that users of stable currency do not regard these tools as substitutes for us dollar, but prefer their anti censorship. By comparing Dai and usdc, the report concludes that Dai has been more utilized in the application of defi, while coinbase was founded in 2012, the world's most visited mainstream digital currency trading and blockchain integrated service platform, which can purchase, sell, transfer and store your digital currency online. At the same time, coiGlobal precious metals tradingnbase was also the first fintech application that used to rank the first in the app store, which once exceeded the downloads of Twitter and Uber. At the same time, it helps the U.S. government to train the blockchain expertise, and help and promote the industry regulation of the U.S. government. Coinbase view more usdcs and gain more attraction in centralized exchanges. This is consistent with token analyst's previous study, which also emphasizes that Dai is more integrated with the defi ecosystem than usdc and tether (usdt).
Defi protocol balancer balancer unmanaged portfolio management, providing liquidity and sensing market prices. It turns the concept of index funds into reality. Traders rebalance your portfolio by following arbitrage opportunities. Balancer balancer BAL see more (BAL) a proposal to raise the upper limit on the liquidity mining of ampl tokens has been voted on, which will increase the upper limit of mining ampl token liquidity from $3 million to $10 million.
Margin exchange dydxdydxdydxdydx is the world's first digital currency derivatives trading platform. Famous investors such as Brian Armstrong, CEO of coinbase and Scott Belsky, CEO of abstract ventures, also participated in the investment. Dydx aims to build more open, transparent and secure financial products through technology, and will develop regulatory compliant approaches on its platform. Dydx open protocol is based on X and Ethereum, driven by smart contract, and is currently in the testing stage. Dydx view more announced the launch of price limit orders, and launched the eth-dai trading pair market, which uses the on chain off chain architecture to provide users with order cancellation and quick execution, and price limit orders will be supported by an execution engine similar to that provided by the 0x protocol. In addition, dydx also launched the margin function. Dydx hopes to attract large market makers into the platform and provide liquidity for the platform. According to block123.com, dydx completed a $10 million round of financing in October last year, led by a16z and polychain capital, followed by craft ventures, Bain venture capital, dragonfly capital, vycapital, abstractventures, 1confirmation and kindled ventures. #DeFiwithChainNews#
Ftxftxftx cryptocurrency derivatives trading platform is created by experienced traders and serves professional traders. Constant, the chief operating officer, said at the FT X-ray conference held in Taipei,
Wingwingwing, the first cross chain defi platform integrating credit elements, is the first defi project integrating credit elements based on Ontology blockchain, which supports cross chain collaborative interaction of different defi products. The risk control and guarantee mechanism introduced by wing will combine with the governance mode of the platform itself to form a tripartite benign game of "loan", "loan" and "guarantee", so as to provide a broader idea for product design of projects on the platform, and provide users with better quality difi products. In addition, wing also innovatively provides the credit evaluation module as a strong support for the credit related defo products on the wing platform. Wing view more flashpool on now officially open the "loan, loan, guarantee" function. Since then, the wing incentive received by each currency will be affected by different loan interest of the currency, resulting in income difference, and will be allocated according to the proportion of 45% (supply), 45% (borrow) and 10% (insurance) users participating in "borrowing, lending and insurance". In addition to ont, wing, wbtc, renbtc and usdc, ETH has been added to the first batch of "loan, loan and guarantee" currencies. Wing incentive has started the calculation of new rules after the "loan, loan and insurance" function is launched. The asset liquidity in flashpool will affect your income. After the opening of lending function, there may be participation risk. Users who use the "borrow" function should pay attention to the data displayed in the "borrow limit" under the account in time. When the value is below 80%, it means that it is safer. When the value reaches 100%, it will start clearing. Users can be cleared up to 80% of the loan collateral at one time. The specific proportion is affected by the operation of the liquidator, subject to the actual occurrence.
Hufu announced that the financial network, defis network, is the second support project of its special development fund for defi. Hufu will provide 10000 EOS as liquidity support and community promotion for the project. Defisnetwork is a financial network established in EOS ecology. Currently, it has launched swap and bank services, and has obtained ecological support including Hufu technology and newdex. As previously reported by Lianwen, HufGlobal precious metals tradingu set up a special development fund for defi on July 2, 2020 to support the steady development of blockchain finance and provide incubation support, audit support and market support for potential defi projects.
In the roadshow of the Chengdu summit of the World Digital Mining Conference, the force protocol force protocol is an open blockchain financial platform supported by well-known investment institutions such as ICBC capital and Bawei capital, which is built for the application of distributed financial services. By abstracting and encapsulating distributed financial business process, financial application development is enabled by one-stop solution in the form of SDK and API. It provides the bottom open platform for distributed application development such as lending, stable currency, bond and derivatives trading. Force agreement forthe view more coo Xu Chao said that the force agreement has been exploring the application of blockchain technology in the financial field. He thinks that the application of difi has five core advantages: no access, everyone can participate; the core business rules are implemented by smart contracts, which can not be changed and can be checked clearly; the assets are controlled by themselves, and the platform cannot transfer user assets; the business can be combined and the transaction is simple Single convenience; technological innovation, promote the transformation of business logic and accelerate the prosperity of parallel world. In addition, he also believes that the blockchain and digital currency industry should be considered from two dimensions: technology driven and financial driven