DeFi isn’t dead, it just needs to fix these 3 critical problems
It’s been a rough year for DeFi, and it may not get any better until projects focus more on security, regulation and usability. The persistent challenges faced by decentralized finance have been well documented by a handful of analysts and the recent collapse of the Terra ecosystem re-enforced the fact that something is critically wrong with DeFi.I think DeFi today is completely broken for 99% of the population. The promise of a more transparent financial system has been overtaken by greed. UST/LUNA is just the latest in a string of bad developments:— Peter Yang (@petergyang) May 11, 2022....
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Milo Yiannopoulos, the technology editor for Breitbart.com, a global news site for independent and conservative-leaning thinkers, admits he first believed the recent media coverage that bitcoin was dead due to Mike Hearn’s declaration that such was the case. But Yiannopoulos, who is also an entrepreneur, quickly realized that bitcoin’s price has been stable and that people are still making money with it. More importantly, he recognized the key benefits are still there – the fast transfers and the unique decentralization. His conclusion, an essay titled, “Bitcoin Isn’t Dead, Yet,” is that....
The TIME NFTs will be auctioned individually and as a collection on SuperRare through March 24. TIME Magazine is embracing the blockchain digital art movement by auctioning three non-fungible tokens, or NFTs, inspired by some of its most iconic covers throughout the decades. The American news magazine announced Monday that the three NFTs will be sold both individually and as a collection on SuperRare, a digital-art trading platform, through March 24. The collection is based on the theme, “Is ___ Dead?” which refers to a series of provocative typological covers inspired by the original....
A slew of critical vulnerabilities has recently been identified by the developers at DeFi security provider HashEx when examining the code of the SafeMoon DeFi project. The identified issues are so severe that users are being warned to stay away from the protocol for fear of losing their funds. As reported in a press release […]
Corporations find blockchain technology challenging to use. But it's much too early to write off enterprise applications wholesale.
CeDeFi presents a new financial system and it should be built by using the best of each other, with DeFi leading and CeFi contributing. Decentralized finance, or DeFi, has established itself as a force capable of disrupting traditional systems. While DeFi still mostly keeps opposing itself to traditional finance, the centralized operators are actively looking for ways to integrate into the established system. The institutional interest pushes both decentralized and centralized participants to ask questions about DeFi, its role and a possible collaboration with centralized finance, or....