Polkadot has been described as an “Ethereum killer” because of how it offers an alternative to smart contracts. The platform enables developers to create their very own blockchains instead… paving the way for levels of interoperability that have been non-existent in this fragmented industry until now.
Yearn Finance creator announces new DeFi credit protocol
Andre Cronje’s latest project gives users a 99.5% U.S. dollar-based credit line via its yCredit ERC20 token
What makes this system much more interesting is that Cronje is highly regarded by the cryptocurrency community. As Modern Consensus reported in late September, his projects are trusted so much that when his wallets deployed a contract that he was secretly testing for a new gaming protocol, Eminence.Finance, $15 millions was deposited by users who wanted to front-run other investors before he asked for investments. And before he worked on security, as it turned out.
Decentralized exchange 1inch launches governance token
The DEX claims that it takes ‘governance in the DeFi space to a new level’
The launch by 1inch's independent board is a major step forward in the decentralized finance (DeFi) organization’s progress towards becoming a full-fledged DAO, or—as the announcement puts it—take “governance in the DeFi space to a new level.”
Fidelity Digital Assets, BlockFi partner on DeFi lending custody
The decentralized finance lending platform’s institutional clients can now pledge bitcoins in Fidelity’s vaults as loan collateral
With substantial experience in providing custody services, the firm announced on Dec. 9 that it now offers services as a collateral agent, offering institutional clients the ability to pledge their bitcoin as collateral in transactions.