How to Bring Off-Chain Assets to DeFi
Institutions are interested in DeFi for off-chain assets, such as real estate. Here, from our columnist, are some issues they might consider.
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Cross-chain money markets hope to drive liquidity to DeFi for top-performing assets, but will the concept catch on? Decentralized finance has seen impressive growth throughout 2020. To put this into perspective, a new report from Cointelegraph Consulting shows that the total value locked in DeFi jumped past $6 billion in August while in June, the TVL in DeFi was just over $1 billion, and ultimately stands at $9.4 billion at the time of writing.While impressive, the DeFi space is still in its infancy, and many hurdles must be overcome before it enters the mainstream crypto market. Many of....
DeFi already offers innovative financial products, but what’s needed for it to go mainstream is to bring more real-world assets on-chain. In a business school lecture hall at the Massachusetts Institute of Technology (MIT), a senior executive for Safaricom gave a prediction of decentralized finance and the future of commerce to a room of keen but confused MBA students. “You will be able to buy your first home on WhatsApp! Smart contracts on the Ethereum blockchain will take care of everything and you won’t need a broker,” he said with conviction, pointing to a slide.“How will the house’s....
During the last year, Ethereum has dominated the decentralized finance (defi) ecosystem but a number of other blockchain projects plan to join the fray. The second layer, smart contract protocol RSK aims to bring the defi demand to the Bitcoin blockchain and there’s already a few RSK-based defi projects in the wild. In the world of defi, users leverage applications that delegate traditional finance concepts like issuing assets, lending, borrowing, trading, and earning interest in a noncustodial manner. Crypto proponents have certainly noticed the creative and sometimes highly....
Read this guide to learn how to bridge assets from any blockchain to BNB Chain using Binance Bridge 2.0. Integration of CeFi and DeFi through Binance Bridge 2.0DeFi is driving the development of cutting-edge Web3 use cases such as nonfungible tokens (NFTs), gaming and the metaverse. With the Binance Bridge 2.0, DeFi can be brought to a broader audience worldwide while maintaining the same smooth user experience as CeFi.Most of the “DeFi” ecosystem relies on centralized services because of convenience, which enables us to understand where the traditional world of centralized banking and the....
The two Polkadot parachains will communicate to create a unified DeFi environment. Cross-chain decentralized finance lending protocol Equilibrium is set to bring its U.S.-dollar-pegged stablecoin to Moonbeam, a Polkadot project building an Ethereum-like blockchain.DeFi projects building on Moonbeam will be able to use Equilibrium’s stablecoin as if it were native to the blockchain. This includes decentralized exchanges, single-purpose lending protocols and other DeFi building blocks.Moonbeam can be described as the “Ethereum on Polkadot” project. It uses the same smart contract environment....