Tag: DeFi

This year decentralized finance (DeFi) has proven to be a transformative sector for the cryptocurrency ecosystem and it is also making waves in among global financial markets as institutional investors become entranced with the potential to earn high yields on stablecoins, altcoins and Bitcoin. While the price action from Dogecoin (DOGE) has dominated the headlines…

A team based out of Sydney, Australia is building what it claims is the world’s first “Shariah-guided” decentralized finance platform to navigate a course between the advantages of DeFi and the beliefs of Islamic finance. The Marhaba Decentralized Financial Platform — Marhaba translates to “welcome” in Arabic — is expected to launch in the coming…

IDO has become one of the most popular ways to raise funds in the crypto industry. On what platforms do projects release their tokens, how to participate in the distribution and what is their disadvantage A fundraising method called IDO began to gain traction in 2020 amid growing interest in the DeFi field of decentralized…

Sienna is a privacy-first and cross-chain DeFi platform. The Sienna Network, a privacy-focused, cross-chain decentralized finance (DeFi) platform, has raised $11.2 million in a private and public token sale. Of the total amount, $10 million came from long-term investors including NGC, Inclusion Capital, Lotus Capital, FBG, SkyVision Capital and others. Sienna is built on the…

In the first quarter of 2021 the Decentralized Finance (DeFi) industry shawn a wave of growth. The main indicator for assessing the DeFi industry is the total amount of locked funds on smart contracts (Total Value Locked). In April 2021, it crossed the $ 100 billion mark, according to the DeFi LIama tracker. Analysts at…

Phase one for the project reached its 250,000 DOT token hard cap. Phase two is looking to net the remaining 750,000 DOT required to land a parachain. Decentralized finance (DeFi) platform Equilibrium has raised around $8.5 million as part of the process to launch its suite of services on the Polkadot network. Equilibrium, which calls…