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Singapore, May 04, 2021 (GLOBE NEWSWIRE) Decentralized finance (DeFi) aims to bring unmediated access to financial services to everyone with an internet connection. Despite its notable rise in the last year, DeFi has been a victim of its own success. Ethereum birthed the most popular protocols and supports the bulk of DeFi activity. Yet, as dApps grew, their success highlighted the network s current shortcomings, i.e., high cost per transaction and limited throughput.
This opened the door for new players to build alternatives and users to move assets to other chains in search of lower costs. Beyond anything else, this underlines the power of ethereum s product-market fit. Indeed, we re rapidly moving toward a multi-chain future where a group of interconnected and niche-specific blockchains work together to support demand, and this is where Glitch Finance comes in.
What is SushiSwap (SUSHI)?
Mar 1 2021 · 18:37 UTC by Daria Rud · 5 min read Photo: Unsplash
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The guide deals with a novel liquidity pool platform SushiSwap, which is an Ethereum-based decentralized exchange (DEX) with an Automated Market Making system (AMM).
As the Decentralized Finance (or DeFi) space evolves, more and more novel financial platforms continue to emerge. One of the DeFi liquidity pool platforms worth talking about is SushiSwap (SUSHI).
What is SushiSwap?
Sushiswap is a relatively new DeFi protocol. In essence, SushiSwap is an Ethereum-based decentralized exchange (DEX) with an Automated Market Making system (AMM). Just like regular market makers add liquidity to both sellers and buyers, an AMM adds liquidity from several digital assets in smart contracts called liquidity pools.
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Finishing the business week with some big announcements made by Theta Network, Stellar Lumens and Neo.
Theta announced today that it has launched the ThetaSwap v1, the first DEX for Theta Blockchain. The ThetaSwap is built on AMM (Automated Market Making) logic similar to UniSwap, which allows to seamlessly exchange TNT20 – Theta-native tokens built on Theta Network. Theta sees a great opportunity in use of Theta Network and ThetaSwap for influencers, streamers, who build their fan tokens and pools and DAOs to fund entertainment and media ventures. Theta team in their announcement post on Medium also noted that they expect the launch of media/entertainment tokens to be a major theme for 2021, as everyone from the smallest streamer to the largest Hollywood studio looks for new ways to monetize their content in a seamless and decentralized way, free of middleman fees.
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