Cross-chain money markets, latest attempt to bring liquidity to DeFi
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....
Related News
The cross-chain liquidity protocol has put special focus on user experience with a simple user interface without them having to deal with complex virtual networks. At a time when the decentralized finance (DeFi) protocols have seen a significant outflow of funds from the market, maintaining liquidity has become even more challenging. Liquidity plays a central role in the DeFi ecosystem, and many protocols over time have come up with various new solutions to keep liquidity pools brimming. The latest trend in the liquidity market is focused on cross-chain solutions.Many experts believe....
As the crypto industry continues to evolve, the DeFi revolution has caught everyone’s attention due to its potential to offer to empower financial instruments for all. O3 Swap, the latest project by one of the popular crypto wallet solutions providers O3 Labs takes DeFi to the next level with its cross-chain aggregation protocol. So, What’s […]
Shiba Inu (SHIB) has taken a big step into a new area of decentralized finance, making it part of a cross-chain lending and borrowing market. This latest move was made possible by an integration with Chainlink (LINK) and a new listing on Folks Finance. Shiba Ibu Official Announcement Confirms Cross-Chain Lending Launch The news was confirmed directly by SHIB’s official account on X. The team said that SHIB is now available for lending and borrowing on Folks Finance. Following the announcement, token holders can participate in new financial activity by depositing the tokens to earn yields....
Following the aftermath of the Terra blockchain fiasco, decentralized finance (defi) continues to feel the impact of the project’s fallout. During the last four days the total value locked (TVL) in defi has dropped 2.61% in value, and cross-chain bridges have lost roughly 20.3% during the last 30 days.
Value Locked in Cross Chain Bridge Tech Slips 20% Lower Than Last Month
Over $100 billion in USD value was recently removed from the total value locked (TVL) in defi and TVL statistics continue to slide. Four days ago, the TVL in defi was approximately $112.29 billion and....
Swing, a blockchain startup that enables cross-chain liquidity and liquidity aggregation across blockchains, announced that it has raised USD 6 Million in a strategic funding round from leading investors in the blockchain ecosystem. Housing several trading, lending, and borrowing protocols, the Ethereum ecosystem dominates the decentralized financial (DeFi) area. This has reverberated across the network, pushing Ethereum to its limits but also speeding up the pace of invention and experimentation. Swing leverages layer 1 and layer 2 solutions like Polygon, Binance Smart Chain, Avalanche,....