Lending and borrowing in the DeFi ecosystem
An interesting thing to note is the yields generated by lenders in the DeFi ecosystem are substantially higher than the traditional financial system. Running a smart contract is much more cost-effective than running a traditional bank; therefore, nearly all of the yield generated from lending money is passed directly back to the lender via the smart contract. Many people place their trust in these transparent smart contracts and are able to generate a significant income from their utilization.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Biggest DeFi Hacks 2021 and Their Impact on the Markets | HackerNoonThe financial freedom offered by DeFi has led to the invitation of hackers' attempts to manipulate cryptocurrency security measures totaling billions.
Source: hackernoon - 🏆 532. / 51 Read more »
Automated Trading Tools Come to the Avalanche's DeFi Economy With Autonomy Network | HackerNoonAutonomy Network integrated Autoswap, a decentralized automated solution that provides trading tools to Trader Joe, bringing automated trading to the Avalance.
Source: hackernoon - 🏆 532. / 51 Read more »
4 Defi Platforms with NFT Gaming to Watch in 2022 | HackerNoonThe most prevalent Defi and NFT adoption was from the gaming industry. Dozens of platforms were conceived within and before 2021.
Source: hackernoon - 🏆 532. / 51 Read more »
Mike Novogratz Issues Bearish Warning About CryptoWith the US10Y rising to a two-year high, novogratz sees no relief bounce for crypto and NDAQ novogratz watch what they do, not what they say I am holder...and i don't care..buy again and hold
Source: Utoday_en - 🏆 295. / 63 Read more »
What Crypto Startups Is FTX Planning to Invest In With New $2B Venture Fund?Crypto derivatives exchange FTX has set up FTX Ventures, a $2 billion fund to invest in crypto-industry startups. The full funding came from FTX and its founder, Sam Bankman-Fried. Amy Wu shares insights into FTX Ventures and what investment opportunities she's continuing to watch. Plus, reactions to Jack Dorsey's criticisms of Web 3 and the gaming community in an uproar over NFTs. amytongwu FTX_Official NexoFinance Check my works pls 🙏 amytongwu FTX_Official NexoFinance Eyes on $NSDX SBF_FTX amytongwu FTX_Official NexoFinance 'I WANT YOU XRDOGEARMY XRPL XRPArmy to prepare for what is coming! XRDOGE'
Source: CoinDesk - 🏆 291. / 63 Read more »
Congressional committee releases witness list in advance of crypto mining hearingDespite definite hostility towards crypto mining's track record, Congress is interested in the industry's plans for its future. the_postman_ Ari Juel, who teaches courses on Blockchain crypto journalism moment
Source: TheBlock__ - 🏆 464. / 53 Read more »