DeFi can take a hint from traditional finance to lower risks, says ex-Morgan ...
Infinity Exchange CEO Kevin Lepsoe says if DeFi wants more institutional adoption in crypto, it must first nail the fixed income markets. The decentralized finance (DeFi) ecosystem scored another win against traditional finance, often called TradFi, with a former Morgan Stanley executive launching a DeFi protocol.Kevin Lepsoe, the former head of structuring for Morgan Stanley, aims to deliver an institutional fixed income scheme that offers fixed and floating rates with his new project named Infinity Exchange.According to Lepsoe, his new project will allow DeFi traders to “implement....
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Investors are treating crypto in the same way as stocks and ETFs, the new Bitpanda Pro CEO told Cointelegraph. The crypto ecosystem picked yet another executive from traditional finance. Two months after raising $263 million, the Europe-based cryptocurrency trading platform Bitpanda announced that Joshua Barraclough, a former exec at JP Morgan, joined its ranks as the CEO of its fully-regulated digital asset exchange Bitpanda Pro. Before transitioning into the crypto world, Barraclough worked as the global head of the fintech team and then as the co-head of digital innovation at JP Morgan.....
Breaking down the concept of DeFi and its ecosystem, as well as strategies and the risks for private and professional investors who plan to allocate capital to decentralized space. Decentralized finance (DeFi) is a concept that has received a lot of attention since the so-called DeFi Summer of 2020 because its usage, often measured in total value locked (TVL), has risen dramatically since that time. In the last year alone, TVL rose by over 240% to a current $209 billion in “value locked” within DeFi projects, according to DefiLlama. Not only has it become interesting for investors to get....
MakerDAO co-founder's death opened a new pandora box of conspiracy theories, based on some of his recent tweets. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.The first week of November proved to be the institutionalization of DeFi markets as major international banks and financial institutions executed and completed their first DeFi transaction.The global financial giant JP Morgan completed its first-ever cross-border transaction using DeFi on a public....
Legacy financial institutions are embracing crypto and decentralized finance (DeFi), and the Ethereum-based protocol Aave is proof. Today, the team behind the protocol announced that banking giant JP Morgan Chase completed its first DeFi transaction. 5/5 @jpmorgan transacting on a public blockchain using Aave smart contracts is a huge milestone for DeFi, and represents a massive step towards bringing traditional financial assets into DeFi, to fully realize the opportunities afforded by smart contract based dApps. — Aave (@AaveAave) November 2, 2022 This represents a major milestone for....
There is an enormous shift in finance toward digital solutions over the last several years, and that trend has only kicked into overdrive since 2020. The need for frictionless, decentralized solutions to the aging traditional finance system has led to the emergence of cryptocurrencies and decentralized finance. Early DeFi projects laid the groundwork and provided “proof of concept” that the industry has potential and would replace traditional finance. Still, too many early tokens came in […]