DeFi and Web 3.0: Unleashing creative juices with decentralized finance
The creator economy is one of the most rapidly developing industries, and decentralized technologies have a chance to unlock its full potential. Decentralized technologies are starting to revolutionize the world of finance, with cryptocurrencies applied in different ways to recreate traditional financial instruments. However, since cryptocurrencies aren’t backed by anything but people’s faith in them, they are extremely volatile. That means, when it comes to loaning value with crypto, neither party can be sure that they will get a fair deal.There needs to be a way to secure the value of....
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Decentralized Finance is about to undergo a major shift in the blockchain industry. By enabling cross-chain exploration, the Panda DeFi Blockchain aims to simplify the creative economy through high performance and zero fees. It incorporates new DeFi protocols, NFT projects, and decentralized apps (dApps). Capable of high transaction throughput, Panda DeFi offers unmatched features like […]
The Indian government’s chief economic adviser has warned about innovations like crypto and decentralized finance (defi) in the absence of regulation. “We may not be fully aware or comprehend the kind of forces we are unleashing ourselves,” he opined.
Indian Government’s Chief Economic Adviser Skeptical of Crypto, Defi, Decentralization
The Indian government’s chief economic adviser (CEA), V. Anantha Nageswaran, reportedly warned about the danger of crypto and the risks posed by its lack of regulation Thursday at an Assocham event. Referring to....
The decentralized finance (DeFi) market opens plenty of opportunities. We are sharing how to safely use the instruments of the niche to grow profits. How to earn on DeFi The key concept of decentralized finance is the absence of the necessity of middlemen. In the DeFi arena, there is no room for traditional banks with […]
The value locked in decentralized finance (defi) protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today’s $182.27 billion. Moreover, statistics show the total value locked (TVL) across a broad range of defi protocols shed significant value during the last seven days.
Defi Protocols Shed Considerable Value
Decentralized finance (defi) protocols have lost lots of value during the last month, as 17.77% has been shaved off the TVL in defi since April 8, 2022. The largest defi protocol, in terms of TVL size, Curve Finance, lost 16.55% this past....
In mid-March, the top five blockchains — in terms of total value locked (TVL) in decentralized finance (defi) — currently command more than 82% of the $198 billion TVL in defi across all blockchains. Each of these chains offers different types of defi protocols like decentralized exchange (dex) platforms and lending applications, allowing people to designate their finances in various ways. 5 Blockchain Networks, 21 Defi Protocols Today, there’s just under $200 billion in defi and that’s just the total value locked (TVL), as it doesn’t include the large....