DeFi’s quest to reimagine finance must come from a community-based design
A more inclusive DeFi lending protocol can empower the unbanked and underbanked in ways traditional finance cannot. Crypto has seen a rise in novel uses of liquidity mining and rewards through protocols like Uniswap, Aave and Compound. More recently, a new crop of DeFi 2.0 protocols such as OlympusDAO, Alchemix and Abracadabra are exploring new ways of operating without giving up token rewards. For all the innovations happening with decentralized systems in crypto, they are still failing to open new pathways for economic prosperity for the most marginalized. In its current form, DeFi....
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Open DeFi’s new DAO will be community governed through a governance token. Decentralized finance alliance, Open DeFi, has announced it will create a decentralized autonomous organization, or DAO, to support its vision for an open and global cross-chain DeFi ecosystem.The alliance launched in late 2020 with the goal of bringing together Western and Eastern DeFi projects and has since seen some of the sector’s top projects join its ranks including as Aave, Synthetix and Balancer.The responsibilities of the Open DeFi DAO, or OD DAO, will include launching DeFi products across multiple....
Community governance has been added to a host of features that make YFDAI Finance a leading platform in the DeFi space. Since its creation in 2009, blockchain technology promised to rid the world of the need for trusted third parties. DeFi has taken this promise seriously and is changing the way we look at finance, ridding us of the need for intermediaries and giving birth to various protocols designed with the goal of having as […]
A new and improved Bitcoin Design Guide! The Bitcoin Design Community can’t stop, won’t stop. The V2 of the already phenomenal “Design Guide covers the Lightning Network. And promises to help “design better Lightning products faster with our free and open-source community-made handbook.” The BDC keeps adding value to the Bitcoin network and making the […]
A month after its Alpha launch, the reputation based online social platform for crypto communities, Coreto has entered Phase II and is in the process of receiving a huge upgrade. As a part of this new development, the community-driven, crowdsourced crypto information platform is implementing Coreto Design Language (CDL) – a design language system optimized […]
Lobsters support DeFi’s endeavours amid regulatory clampdowns — all that and more, only in Finance Redefined. Welcome to the latest edition of Cointelegraph’s decentralized finance, or DeFi, newsletter.In a week where the crypto market bears returned for blood, DeFi enlisted an army of lobsters to fight its feuds.While we ponder a feasible battleground for that mammalian–invertebrate combat, feel free to scroll on and read the top choices for the week’s most impactful stories. What you’re about to read is a shorter, more succinct version of the newsletter. For a comprehensive summary of....