Maintaining decentralization: Are custody services a threat to DeFi protocols?
DeFi ecosystems try to live up to crypto’s decentralized ethos, but single-token governance protocols could prove a challenge. Decentralization is part of the cryptocurrency industry’s core, with various protocols trying over time to achieve the level of decentralization that Bitcoin (BTC) managed to get as it grew organically from a white paper published to a mailing list to a new asset class.Decentralized finance (DeFi) protocols have brought the idea of decentralization to a new level with the use of governance tokens, which give holders the right to vote on or submit proposals....
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Samson Mow, the former chief strategy officer at Blokstream and founder of JAN3, believes that most decentralized financial (DeFi) protocols can’t compete with Bitcoin when it comes to building an effective monetary network due to their lack of decentralization. Samson Mow Says DeFi Can’t Compare To Bitcoin Because of their lack of decentralization, Samson Mow, […]
Curv is teaming up with MetaMask to allow institutions to invest in DeFi protocols while having institutional-grade custody options.
One of the most successful innovations to come out of blockchain technology is the introduction of decentralized finance. Decentralized or DeFi is a broad term used to catalog the decentralized applications that integrate traditional financial services into the crypto world. Decentralized finance applications and protocols are constantly evolving to integrate emerging trends. Over the last few months, the DeFi industry has seen a sudden influx of liquidity-focused decentralized finance projects introducing a new generation of DeFi called DeFi 2.0. Introducing DeFi 2.0 DeFi 2.0 is a new....
In the Decentralized Finance (DeFi) world, different protocols have been developed to provide users with the ability to generate returns (yield) while maintaining, increasing, or shifting their exposure to certain digital assets. The problem is that these protocols are all built on different blockchains or across different layers of the same network to leverage the […]
A collection of DeFi protocols announced a collaborative financial inclusion venture today, August 30, 2021. The protocols are jointedly putting $100 million in the venture titled DeFiPeople. Some of the DeFi applications in the project include AAVE, 0x, Curve, PoolTogether, SushiSwap, and others. These protocols are expected to provide about $100 million in educational initiatives, […]