Does DeFi Trading Have to Be Complicated?
Currently, DeFi is too separated and disjointed. This complicates DeFi trading to the point where it becomes confusing, time-consuming, arduous and expensive. The number of total DeFi users has surpassed 3.5 million people, and overall DEX trading volume is at $816 Billion for the last year. The average number of weekly DEX traders is more than 200,000, and approximately 40% of them are facing problems with multi-step transactions. Swapping an ERC-20 token for a BEP-20 token requires the following steps: A token swap on an Ethereum DEX to a bridge-compatible token; Then a swap across the....
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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....
BabyCake has a mission. Bring DeFi to the masses. The rate of crypto adoption in the world is growing, but the percentage of the world’s population who use it is still very small. Decentralized finance, which utilizes technologies to remove intermediaries, middlemen, and banks from financial markets, is a complicated system to enter into. In a huge step toward fulfilling their mission, BabyCake has developed an App. This app aims to allow anyone with a credit card and a phone to buy cryptocurrency within 3 clicks. The App is clean, clear and simple to use and will soon be available on....
Decentralized Finance (DeFi) is an umbrella term for providing decentralized financial services such as payments, lending, borrowing, investments, trading, insurance, and asset management using blockchain. The DeFi revolution’s genesis is placed in the need to reduce the involvement of intermediaries in finance and to do away with the limitations of national borders, bureaucracy, and latencies of the current day financial system. DeFi powers a borderless peer-to-peer digital ecosystem that is open, free, fair, and accessible to all. It is evident that crypto and DeFi are no longer fringe....
Ethereum-based Layer 2 protocol Metis launched the testnet version of its decentralized exchange MetisSwap. Decentralized Exchanges are the most complicated application in all of DeFi. By launching MetisSwap, Metis continued its quest to demonstrate the compatibility of its Layer 2 platform with DeFi projects of all kinds. MetisSwap built on Metis Layer 2 Beta Testnet […]
1inch Wallet users can now purchase DeFi assets through Mercuryo’s fiat onramp gateway. Decentralized exchange aggregator 1inch Network has partnered with Mercuryo, a cross-border payment network, to provide its users with a more seamless gateway to DeFi — potentially opening up the market to greater adoption. “To date, some users have been discouraged from entering the DeFi space because most of the existing options for buying crypto are too complicated and inconvenient,” said Sergej Kunz, co-founder of the 1inch Network, adding:“The integration between 1inch and Mercuryo offers everyone....