Expert: Defi Could Be a Common Term in the Financial Industry in 2021
The founder of defi-related fintech Yield believes 2021 will be the year that decentralized finance (defi) becomes a “common term” in the financial industry, as the sector is now taking it seriously and building R&D labs. The Financial Industry Is Now Taking Defi Seriously, Says Expert During an interview with news.Bitcoin.com, Tim Frost, who also worked in the development and growth at early stages of crypto companies such as QTUM, NEO, Paxful, Polymath, among others, forecasted that in the next 12 months, the total value locked up will pass $100 billion in the defi industry.....
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Certik, a blockchain security and auditing firm, has reported that the most common attack vector for hacks in decentralized finance (defi) protocols had to do with centralization in 2021. This data is present in Certik’s latest report, where the company also examines the growth of defi in 2021, and how other chains such as Avalanche and BSC rose as alternatives to Ethereum’s high fees.
Centralization Costs Defi Protocols $1.3 Billion in 2021
A new report issued by Certik, a blockchain security and auditing firm, has revealed that centralization issues in defi....
In a live YouTube session, Hoskinson delivered a 30-minute briefing on the need for collaboration and friendliness within the DeFi industry. The total value locked, or TVL, in decentralized finance (DeFi) has soared to over $250 billion as 2021 closes out, with most activity on Ethereum, according to DeFi Llama. The budding DeFi industry only became mainstream during summer 2021.While TVL valuations underscore the rapid growth of the industry, Cardano (ADA) founder Charles Hoskinson has warned about the challenges facing DeFi. In a YouTube video entitled, "DApps and Cardano DeFi Alliance,"....
Highlighting the considerable limits of traditional banking systems, a former banker has placed XRP at the top of payment services in the financial sector, predicting that cryptocurrency will disrupt the payments industry. Bold XRP Prediction By Financial Expert In a rather lengthy X (formerly Twitter) post, ex-banker and financial expert, Kyren made a controversial prediction […]
The term FinTech – short for financial technology is relatively new, popularized by over a decade-old cryptocurrency revolution. The latest development in the blockchain-backed FinTech industry is decentralized finance (DeFi). What makes DeFi special is its potential to provide alternatives to many traditional financial products and services at a fraction of the cost while reducing […]
As the blockchain and cryptocurrency industry grows, more and more traditional finance instruments are adopted. Decentralized finance or DeFi offers standard financial tools while still working with no intermediaries and functioning on blockchain smart contracts. Multiple Finance is a DeFi protocol based on Ethereum that facilitates professional automated market maker (AMM) liquidity strategies for expert […]