WUSD: The Next Generation Stablecoin for DeFi
PRESS RELEASE. Within the DeFi space, Wault Finance has demonstrated its revolutionary nature by developing multiple innovative products. The protocol is one of the fastest growing projects in the DeFi sector, providing users a variety of yield farming and staking opportunities. Now, Wault intends to expand its ecosystem with the development of its stablecoin WUSD. WUSD is a next-generation stablecoin that uses an innovative model to ensure that it holds its peg to the dollar and is designed to provide use-cases for holders. This article will explore the key features of the....
Related News
At their 2021 peak, stablecoins were settling between $10 billion and $30 billion in transactions each day, data from Coinmetrics reveals. Therefore it’s fair to say, these digital assets are becoming more relevant for the crypto industry. However, there are many blind spots and concerns with some of the most popular stablecoins, such as Tether. Many go against the foundational principles of cryptocurrencies and blockchain technology because they rely on third parties for custody, governments for approval, and possess other potential points of failure. Recently though, cross-chain....
The algorithmic decentralized finance (defi) stablecoin safedollar (SDO) has been attacked, according to statements published on its Telegram channel. The safedollar token did not remain stable following the attack, as the defi stablecoin’s price collapsed to zero. Safedollar Stablecoin Price Collapses A Polygon (MATIC) blockchain-based stablecoin called safedollar (SDO) has lost all of its value, according to crypto market aggregation sites and even the official website safedollar.fi. The website shows the price per SDO is zero and members of the algorithmic defi stablecoin....
Public blockchain infrastructure provider Orbs is delivering a next-generation liquidity solution designed to encourage greater defi participation by separating stablecoin pooling from cryptocurrency pooling. Liquidity Nexus Protocol Aims to Forge Better Connections Between Defi and Cefi As decentralized finance (defi) aggressively expands its footprint in the cryptocurrency arena, one of the most significant pain points that have arisen involves liquidity pooling. Liquidity pools, which effectively lock coins and tokens in smart contracts, provide the basis for dex (decentralized....
PRESS RELEASE. Lendefi is a brand-new protocol aiming to provide opportunities such as lending and borrowing, leveraging and investing. Lendefi is an innovative second-generation DeFi lending protocol that allows lenders to earn interest on stablecoin deposits, and for borrowers to obtain undercollateralized loans (UCLs) to invest in popular digital assets. The main advantage of Lendefi is the possibility of undercollateralized loans, meaning you can borrow more than the collateral (serving as a type of security) you provide. Existing lending protocols, for their part, allow....
With the ETH 2.0 upgrade still months, if not years, from a full launch, third-generation blockchain protocols are quickly racing up to dethrone Ethereum as the “go-to” hub for dapps and defi.
Blockchain Metamorphosis to Catalyze Future Defi Growth
Although many people may only be discovering it recently, blockchain technology has been around long enough to have moved on from first to second, and now third-generation protocols.
The first-gen blockchain started with Bitcoin, a proposed alternative to the hegemony of centralized financial services. It laid....