This column does not necessarily reflect the opinion of the editorial board of Benzinga. As decentralized finance continues to gain popularity, people are watching its adoption unfold, with multiple projects emerging alongside the market growing over 1000% since 2019. At the time of writing, the Defi market has a market capitalization of over 75 billion. What Is DeFi? Decentralized finance, or “DeFi,” is a term used for a movement whose main.
Before the broader crypto sell-off in recent weeks, bitcoin had risen as much as 115%. Dogecoin had risen more than 12,000%. Ethereum had risen more than 470%. Other coins have also seen big gains as investors have snatched them up.
But for those investing in cryptocurrencies for the long-term, there s a simple way to add to these gains: loaning the currencies out.
In the crypto-driven world of decentralized finance (DeFi), individuals can play the role that banks often do in traditional finance. They can lend their money for a fixed period of time to other individuals, in return for interest payments. The easiest way to think about it is in traditional finance, if you have a money market account at Bank of America, you re getting like .1% interest, if you re lucky, said David Martin, a product manager at crypto trading platform FalconX, in an interview with Insider. In crypto you re getting upwards of 10% for dollars, for a stablecoin. For comparison, the benchmark 10-year
5 Unique and Innovative DeFi Projects to Watch During Dip
6 hours ago by Julia Sakovich · 4 min read
Photo: Coinspeaker
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DeFi continues to gain momentum as more in and outside the crypto world understand its immense potential. Take a look at some of the most promising DeFi projects.
While Elon Musk and Dogecoin have seemed to dominate crypto headlines lately, for some, decentralized finance continues to prove popular and becomes an even more attractive opportunity to invest as the market is bleeding.
DApp Radar revealed in mid-May how Polygon, a top platform for scaling and development on Ethereum, grew by 75,000 users over the past week. Investment into the DeFi field continues even as unique projects keep entering the scene that force investors to engage with new technological areas.
Place/Date: - May 14th, 2021 at 8:39 pm UTC · 4 min read Contact: AscendEX,
Source: AscendEX
AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, congratulates PlotX – a cross-chain prediction market protocol on their v2 Mainnet launch on the Polygon Network on May 14 at 12:00 p.m. UTC.
PlotX Version 1 (“v1”) was launched in October 2020 as a decentralized non-custodial prediction market protocol on the Ethereum Blockchain. PlotX allows crypto-traders to use their skills to predict the future value of digital assets like ETH, BTC. Markets on PlotX v1 were automatically created in intervals of 4 hour, 1 day and 1 week.