Saint Fame, a decentralized autonomous organization (DAO), is part fashion house, part ethereum subculture.
The primary pull of decentralized crypto assets is financial freedom from the flawed banking system. Bitcoin is one step but without greater adoption it
These bitcoiners want to use the RSK sidechain to build out a new DeFi ecosystem, inspired by MakerDAO.
Bancor expects this move to get more people excited about decentralized finance in general, as it remains a very small industry.
Those who love POW are unlikely to buy into POS being a superior system. Yet to be seen how that’s going to play out long term, though we know POW works... well enough.
While the higher APR may seem attractive, it is good to be aware of all the risks around DeFi. It is still in an early stage, as such smart contract bugs, glitches, possible token failures; these are risks that users of lending protocols need to keep in mind of
In a world plagued by banking bailouts, galloping debt and currency devaluations, a solution is needed. Enter decentralized finance, or DeFi, the future
ERC20 token representing a traditional security has arrived on Uniswap,
Dai is valuable because it derives its value from pledged collateral, and its supply is dynamic because it’s created and destroyed based on loans made relative to that collateral.
MakerDAO is Eating Up All the ETH!Okay, obviously not, but borrowers are increasingly pulling ether from other platforms and putting it as collateral on MakerDAO instead.
“Wow. The @MakerDAO stability fee (interest rate) has dropped to 5.5%. A single whale (with 97% of voting power) made the decision. Went from 2,489 votes a few hours ago, to 44,539 votes.”