Amongst the best-performing assets in the crypto space over the past week, Terra (LUNA) has registered 18.9% gains over the weekend. Just behind AAVE (+19%), SNX (+20.8%), and SUSHI (+21.8%), LUNA has managed to outperform YFI and RUNE, two of the most resilient DeFi assets, per a Messari report.
Source: Messari
Developed by Terraform Labs as a blockchain to support stable programmable payment and an “open financial” infrastructure with a lending protocol and a synthetic assets platform, Terra’s ecosystem is composed of a basket of fiat pegged stablecoins. LUNA is used to “stabilized” this basket.
Terra has the ultimate objective of replacing banks, credit card networks, and payment gateways, as stated in the protocol’s official website. Therefore, Terra has created a blockchain layer with solutions that can be adopted by merchants and consumers. Since its inception:
EasyFi Introduces Tokenized Stocks and Commodities in Partnership with Mirror Protocol
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EasyFi, the popular DeFi lending protocol that recently made news by integrating support for Binance Smart Chain has announced a partnership with Mirror Protocol – another DeFi powerhouse that is leading the way with synthetic assets. The partnership will introduce a whole new class of assets to the EasyFi ecosystem, enabling users to make efficient use of their investments.
EasyFi and Mirror Protocol – Complementing Each Other’s Strengths
EasyFi is known for its efficiency and ease of use. Designed as a layer 2 blockchain DeFi lending protocol, it is currently offering lending on Polygon and Binance Smart Chain apart from other staking and farming services. It is poised to meet most of the real-world requirements in the future by offering various new features like microlending, undercollateralized loans, credit delegation and credit default swaps features. In addi
Users can now trade tokenized stocks on the Binance platform
April 13, 2021
The tokenized stock offers users with a low budget to buy Tesla stocks and gain dividends.
Binance will be starting the project with Tesla, but other companies and features will be added in future.
Binance will use a depository portfolio of the underlying securities, managed by a German firm.
Cryptocurrency exchange Binance has announced it will enable tokenized stock trading service, allowing users to purchase fractions of companies’ shares. The exchange has already started with Tesla, as users can now but a fraction of the car maker’s shares.
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