DeFi

Cake DeFi is now authorized to conduct services for exchanging cryptocurrency and providing crypto custodial wallets in Lithuania Marking its 3rd Anniversary, the company announced that it has paid out over US$317 million to customers, with over US$1 billion of customer assets on its platform, as of end Q1 2022 It is the ambition of Cake DeFi’s co-founders Dr Julian Hosp and U-Zyn Chua to list Cake DeFi on a public stock exchange in the near future to accelerate growth and R&D Cake DeFi also announced a…

Here are three crypto platforms that are fighting to win in the DeFi revolution and to expand the horizons of personal finance. During the American Revolution, patriots fought for a world in which there was a separation between church and state. It changes the world forever. Now, we are in the midst of an economic revolution based on the separation of money and state. Better yet, crypto technology also facilitates the separation of money and banks. We call this the DeFi revolution. Here are three crypto…

The Bitgert is also talking after Cardano in building a powerful DeFi ecosystem Key Points: Cardano DeFi ecosystem is expected to explode this year as the Cardano Smart contracts take root in the industryBitgert DeFi ecosystem is expected to outgrow its competitors due to powerful smart contracts and BRC20 blockchain Since the Cardano team launched the chain’s smart contract functionality, the Alonzo hard fork, the number of dApps has grown tremendously. This includes the huge collection of the DeFi…

Getty ImagesInterest rate swaps -- those forward contracts in which one form of future interest payment is swapped for others based on a specific principal amount -- have found a home in the world of decentralized finance.Voltz Protocol said Wednesday that it has launched DeFi's first synthetic, capital-efficient interest rate swap AMM, which will now provide the means for DeFi to compete with the interest rate swap marketplace in traditional finance, unleashing new possibilities for decentralized applications…

As the global crypto market grapples with uncertainties amid government crackdowns, Singapore on Tuesday launched a new project to explore the tokenisation of financial assets and develop the future of Blockchain-based finance infrastructure."Project Guardian", a collaboration between the Monetary Authority of Singapore and the finance industry, will explore potential decentralised finance (DeFi) applications in wholesale funding markets, while working to manage risks to financial stability and integrity, according to…

Vishal Chawla / The Block: BlockSec: a buggy smart contract of Mirror Protocol, a Terra DeFi app for betting on stocks with synthetic assets, was exploited for ~$90M over seven months — Quick Take — The exploit was accidentally discovered by a Terra community member last week. — It has been confirmed by security analysts BlockSec. Vishal Chawla / The Block: BlockSec: a buggy smart contract of Mirror Protocol, a Terra DeFi app for betting on stocks with synthetic assets, was…

CashFi (CFI) has plans to enable its users to unlock liquidity for a higher profit by staking CFI tokens. One of the growing aspects of the crypto industry is the decentralised finance (DeFi) sector that aims to eradicate the interference of third-party intermediaries, like banks, in financial transactions and services. The DeFi sector has a total market cap of about $50 billion and thousands of coins trading in it. If you are looking for DeFi investment opportunities, pay attention to The Graph (GRT), Uniswap…