Tag: DeFi

We Must Expedite the Move From Centralized Services to Viable DeFi Alternatives – Op-Ed Bitcoin News

boss

There is a reason centralized exchanges have dominated despite being antithetical to crypto’s core tenets. The following opinion editorial was written by Bitcoin.com CEO Dennis Jarvis. The gross mismanagement and outright fraud in 2022 by many opaque centralized exchanges are driving people back to the core tenets of crypto, such as decentralization, self-custody, transparency, and censorship resistance. People are naturally turning to DeFi (decentralized finance). Unfortunately, much of DeFi is not yet ready to act as a suitable substitute. In this article, I will talk about two of the most…

VC Firm Pantera’s 2023 Crypto Forecast Says the Future Is DeFi

Krug sees the “end state” of crypto as a world where the “average person will have apps on their phone that give them access to DeFi, where they’ll be able to engage in financial transactions without banks/brokers, with lower fees, global liquidity and markets operating 24/7.” However, Krug wrote, achieving this end state requires solutions to a number of current problems that break down into two categories: increasing liquidity in DeFi and making DeFi easier to use, particularly for those new to crypto. Source

DeFi should complement TradFi, not attack it: Finance Redefined

boss

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Following FTX’s demise, the DeFi space is up for a complete remodel as crypto users demand better security and compliance practices. SushiSwap’s roadmap for the coming year includes the development of a decentralized exchange (DEX) aggregator, a decentralized incubator and “several stealth projects.” All these projects combined can grow its market share 10x, said the CEO. The co-founder and CEO of Ava Labs spoke…

DeFi problems and opportunities in 2023: Market Talks

boss

On this week’s episode of Market Talks, Cointelegraph welcomes Grant Shears, founder of Blocmates — an educational and consultancy company that aims to create crypto, decentralized finance (DeFi) and Web3 content that anyone can understand. This week, to kick things off, the show takes a look at the emerging trends of 2023 and what people should look forward to. What industries could really take off this year, and which sector could have the most potential to grow? It’s no secret that 2022 was not a great year for DeFi, an…

ConsenSys to Lay Off 97 People, CEO Joseph Lubin Praises DeFi over CeFi

The Consensys CEO lashed out at CeFi companies stating that the recent events have exposed their ill behavior and further opened the gates for DeFi to flourish. In the latest development, blockchain engineering firm ConsenSys CEO Joseph Lubin announced that the company will be cutting 97 jobs this year. This comes as some of the biggest tech giants are laying off employees amid an uncertain macro environment. In his latest blog post, Lubin wrote: “Today we need to make the extremely difficult decision to streamline some of ConsenSys’ teams to…

Circle, Uniswap Research Says DeFi Can Solve $2 Trillion FX Risk Problem

Every day, about $2.2 trillion in foreign-exchange (FX) transactions carry a risk that the yet-to-be settled side of an agreement won’t meet obligations. But a new paper from Circle Internet Financial and decentralized exchange Uniswap Labs finds that a distributed ledger could solve that problem with simultaneous settlement. Original Source CircleDeFiProblemResearchRiskSolveTrillionUniSwap CryptoX Portal

DeFi Service Frax Finance Gains Momentum Amid Ether Staking Narrative, FXS in Focus

The draw of capital into Frax’s ether pools has resulted in demand for FRAX and FXS tokens, with prices of the latter rising over 62% in the past week as per CoinGecko. And because some liquidity pools pay out in FXS, the price rise theoretically means higher rewards for stakers – which, in turn, could drive more ether towards Frax, and drive even more demand for Frax’s tokens among users. Source