Cardano’s Founder Laughs at DeFi Because it Has no Real Markets
In distinguishing real-world use versus speculative investing, IOG CEO Charles Hoskinson said he derides DeFi in its current state. The comments come as Cardano announced securing a contract with Ethiopia’s Ministry of Education for a blockchain-based ID system. This accomplishment is part of Cardano’s pan-African strategy that intends to improve lives by providing new systems. […]
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Even Chris Blecs biggest supporters acknowledge he can be as subtle as a sledgehammer when hes pushing for transparency from DeFi projects on Twitter.The founder of DeFi Watch puts noses out of joint across the industry whether hes hammering Polygon for putting billions in the hands of two developers with admin keys or criticizing Rari Capital for being run by teenagers.Hes exactly the kind of provocateur asking the sort of difficult questions those in power would love to see silenced. But in crypto, thats not possible and thats why he loves it.In a decentralized community, I feel like Ive....
Chainlink co-founder Sergey Nazarov says DeFi, or decentralized finance, is closer to the mainstream than many realize, but real hurdles remain before it can scale to match traditional finance. Related Reading: China’s Bitcoin Hashrate Jumps To 14%, Securing 3rd Place Globally According to Nazarov, DeFi is about 30% of the way to broad adoption, and […]
Charles Hoskinson has made an interesting proposal in a bid to boost Cardano’s DeFi ecosystem. The Cardano founder proposed creating a sovereign wealth fund, which could include up to $100 million worth of Bitcoin, potentially sparking an ADA price surge. Cardano Founder Proposes Bitcoin Purchase To Boost ADA Price In a recent podcast, the Cardano […]
Speaking in a public X Spaces session on September 17, Cardano founder Charles Hoskinson outlined a set of behind-the-scenes discussions and integration pathways aimed at bringing XRP and Ripple USD closer to Cardano’s stack, describing a “package for XRP” that spans wallet support, a DeFi execution layer, and a standards-based route for Ripple’s stablecoin to […]