Will Decentralized Token Issuance Platforms Legitimize DeFi?
The DeFi industry is bound to undergo some crucial changes over the coming years. After noting initial successes, there are still serious concerns regarding the issuance of new tokens and Ethereum’s ecosystem fracturing. Addressing those issues requires out-of-the-box thinking. The Current DeFi Token Platform Issues For anyone who is not a degenerate decentralized finance enthusiast, […]
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The total value locked in decentralized finance platforms dropped 16% to $54.4 billion this week, but the quick rebound in DeFi token prices shows traders are not dismayed. Decentralized finance and the numerous platforms offering investment services have been the talk of the cryptocurrency sector for several months and this has resulted in investors capturing spectacular gains for some of the top DeFi tokens like Uniswap (UNI) and AAVE. The fast-moving prices and 1,000% APY on staked tokens elicited cheers from investors when the market was going up, but the recent selling pressure seen....
On May 6, 2021, the total locked value (TVL) held by decentralized finance (defi) is more than $77 billion. Much of this money is used by decentralized exchange (dex) platforms and liquidity pools. With dex platforms capturing over $2 billion in trade volume daily and $18 billion during the last seven days, a project called the Dechart DAO aims to provide traders with the ability to make “the most informed, efficient trades.” Dechart – Decentralizing Defi Data The cryptocurrency ecosystem has swelled this year and defi platforms and Web3 applications make up quite a bit....
Five years ago, there was a large quantity of digital currencies and blockchains, but there were very few trading platforms that dealt with decentralized exchange. Since the boom of decentralized finance (defi), there’s now a myriad of decentralized exchange (dex) platforms that allow people to swap funds in a private, non-custodial manner. These days the biggest dex applications are catering to a variety of blockchain networks via cross-chain technology. Curve’s TVL Nears $20 Billion, Curve DAO Token Jumps 82%, Pancakeswap and Sushiswap Follow With TVLs Over $10 Billion Defi....
It’s too early to know if DeFi is “dead,” but platforms that share revenue with liquidity providers and token holders could be the ones that survive the bear market. At the moment, liquidity is hard to come by, but crypto traders and protocols still need inflow and revenue to remain functional.As the crypto winter drags on, savvy crypto investors have realized that one of the reliable sources of passive income that still exists can be found on protocols that generate revenue and share some of it with their respective communities. Platforms that earn real yield through useage fees are the....
SEC chairman Gary Gensler stated that many DeFi projects are “highly” centralized in certain aspects, as they are developed by a “core group of folks” who are incentivized to promote their platforms. Gary Gensler, chairman of the U.S. Securities and Exchange Commission stated that DeFi is highly centralized in certain aspects and urged projects working in the sector to register with the SEC. Speaking to The Wall Street Journal on Aug. 19, Gensler suggested that the decentralized notions implied by the term DeFi were “a bit of a misnomer,”:“These platforms facilitate something that might be....