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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Momentum around XRP may be entering a new phase as emerging on-chain data shows a growing activity within its broader ecosystem. Recent metrics from Flare, a network designed to bring smart contract functionality and DeFi capabilities to assets like XRP, suggest that decentralized finance participation tied to the network could be gaining traction. What The […]
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....
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....