BlockSwap Network Brings Fixed Income Products To DeFi With PoS Assets
Blockswap Network makes the benefits of Proof-of-Stake accessible to everyone seeking out a stable yield source. The team creates new incentives for stakers and hodlers of PoS coins by preventing volatility effects and the complexity of staking processes. The growth of decentralized finance as an industry has been stellar. It now spans over $40 billion […]
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Hyperdex, a Swiss-based decentralized exchange (DEX), announced its mainnet is finally going live following the successful period of its testnet. The launch of the mainnet brings along three major advancements on the platform, named “cubes”, enabling users to adjust to the Hyperdex network and unlock its vast capabilities. Going live on Wednesday, the Hyperdex mainnet will introduce the Fixed Income, Algo Trading, and Race Trading cubes, adding to a plethora of features available including token swaps, liquidity provision & staking. According to a team statement, the three “cubes” will be....
Launching its testnet today, Infinity Exchange is looking to bring what it says is “institutional grade interest rates” to the DeFi sector, as part of its ambitious bid to unlock an additional $100 billion of value creation. Infinity Exchange has created a complex, hybrid fixed-income DeFi protocol that it says will bring institutional-quality capital efficiency […]
Infinity Exchange CEO Kevin Lepsoe says if DeFi wants more institutional adoption in crypto, it must first nail the fixed income markets. The decentralized finance (DeFi) ecosystem scored another win against traditional finance, often called TradFi, with a former Morgan Stanley executive launching a DeFi protocol.Kevin Lepsoe, the former head of structuring for Morgan Stanley, aims to deliver an institutional fixed income scheme that offers fixed and floating rates with his new project named Infinity Exchange.According to Lepsoe, his new project will allow DeFi traders to “implement....
Port Finance, the Solana-based lending protocol with the vision of bringing a whole suite of interest rate products to DeFi users, has raised $5.3M in its latest strategic funding round. The round is led by Alameda Research with participation from Spartan Group, Brevan Howard, and A41. Port Finance’s list of existing investors also includes Jump Capital, Solana Foundation, GSR, and Defi Alliance. Port Finance was the first to launch a variable rate lending product on Solana’s mainnet in July 2021. The platform now supports 13 different assets from the Solana, Ethereum, Terra and Bitcoin....
Although many altcoin projects play host to DeFi and NFT projects nowadays, an overwhelming majority of them still live on the Ethereum blockchain. While both digital assets are making the concept of earning an income in a decentralized fashion more accessible to people all around the world, the majority of users in the DeFi and […]