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Given my obsession with #stablecoins, I decided to revisit the OG crypto-collateralised stablecoin - #MakerDAO’s #Dai. Despite being the 4th highest fee earner amongst all crypto protocols, MKR is ranked at 46th in market cap. I was curious to see why the market doesn’t give it more value. In this article, I track the journey of Maker from a basic crypto-collateralised stablecoin to being backed by #RWAs to now embarking on a re-haul called #Endgame that will see its business model change completely to an incubator of SubDAOs. https://lnkd.in/gFBcj-FK

Borroe Finance ($ROE) attempts to exact dominance over top crypto coins Uniswap (UNI) and Chainlink (LINK) with its innovative, multifaceted capabilities, indicating the rebirth and ascension of DeFi-based innovations. Amid this move, Uniswap whales begin accumulating UNI ahead of the bull market's peak, and Chainlink (LINK) records significant CCIP growth. Can Borroe Finance ($ROE) #BLOCKCHAIN #CrossFi #Dapps #DEX #liquiditypool

Ever dreamed of a financial system without banks, middlemen, or those pesky fees? That's the promise of Decentralized Finance (DeFi), a blockchain-powered revolution that's putting you in control of your money. But is DeFi all hype, or is it truly the future of finance? 🤔 In our latest blog post, we break down the basics of DeFi, explore its potential benefits and challenges, and showcase real-world examples of how it's already changing the game. 👉 Ready to dive into the DeFi frontier? Check out our blog post and let's explore the possibilities together! https://lnkd.in/dM2x3G3j #DeFi #Blockchain #Crypto #Fintech #Innovation #Avolox #BlockchainDevelopment #Web3 #DecentralizedFinance #DecentralizedFinanceDevelopmentServices #DecentralizedFinanceDevelopmentCompany

𝗦𝗸𝘆 𝗦𝗵𝗶𝗳𝘁𝘀 𝗖𝗼𝘂𝗿𝘀𝗲: The Sky, Wrapped Bitcoin, and Justin Sun⚖️ In a move that could shape the future prospects of the crypto market, DeFi giant Sky, has proposed a vote that might divest its Wrapped Bitcoin holdings. This decision follows surrounding concerns about Justin Sun and could potentially reshape the $200 million worth loans within the Sky ecosystem. This proposal draws focus to the critical role of governance in decentralized finance. Controversies and worries can trigger decisions of this magnitude and potentially affect a platform's financial landscape significantly. This forthcoming vote is closely watched as it might set a precedent about major decision-making processes in DeFi platforms. Embedded in this development is the importance of trust and stability in burgeoning sectors such as decentralized finance. Will DeFi platforms adapt their operations and strategies as they navigate these complexities in the future?

WEMIXFI HALTS LENDING AND BORROWING SERVICES OVER WEMIX$ STABLECOIN LIQUIDATION ISSUES - Wemix[dot]fi, a DeFi platform for the cryptocurrency WEMIX, has halted its lending and borrowing services. - This decision comes amidst issues related to the liquidation of WEMIX$, the platform's USD-pegged stablecoin. Key Points: - The move follows the recent sale of shares by former Wemade CEO Jang Hyun-kook, which caused Wemix (WEMIX) to hit a yearly low of $0.94. - Jang's actions, intended to reduce legal risks, have significantly affected Wemix's market value. On July 29, Wemix was trading at $1.01, down 28% from last month. - The token saw previous gains following the Wemix Foundation's announcement of a halving plan on June 25, reducing annual token issuance by half starting this month. - Wemade faces regulatory hurdles in South Korea, where P2E (play-to-earn) games are strictly controlled. Background: - Jang, dubbed the 'father of Wemix,' has been instrumental in integrating blockchain technology into games like 'Mir 4' and 'Night Crows.' - The value of Wemix has been falling since Jang's resignation in March, which he intended to reduce legal risks. His share sale adds to concerns about his future involvement. - Wemade's struggles include accusations of misrepresenting token circulation, a $41 million tax bill, and fraud charges. The company has contested these claims.

In their recent sit-down interview, Shanny Basar of Market Media and Anthony Moro discuss how "the ability for an investors to efficiently secure financing against a fund’s underlying assets with a net asset value (NAV) loan using #blockchain could be a catalyst to bring #privatefunds on-chain over the coming years." 📰 Read on: https://lnkd.in/gCYrPKGi Learn more about the recent announcement between NAV Lend, Figure Markets, and Provenance Blockchain Labs: https://lnkd.in/g2wbShST #fundmanager #VC #assetmanager #portfoliomanager #privatefund #DeFi #tokenization

Crypto Whale Who Sold Entire Ripple (XRP) Bag Reveals Plans to Accumulate Large ...: For one crypto whale, the decision to sell their entire Ripple (XRP) bag marks a strategic pivot towards a new opportunity:

Coinbase and Square vets aim to level up stablecoins with Bridge and $58 million in funding The crypto industry has long sought a “killer app” to bring digital assets into the mainstream. Recently, though, some are pointing to the growing popularity of stablecoins like Tether and USDC to say that long-sought use case is here already. Designed to trade on a 1:1 basis with major currencies like the dollar, stablecoins have found growing adoption in fields like cross-border remittances and DeFi payments—and some say this is just the beginning. https://lnkd.in/gDFzqD7i

𝐐𝐮𝐚𝐧𝐭𝐨𝐳 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐈𝐬𝐬𝐮𝐞𝐬 𝐄𝐮𝐫𝐨 𝐚𝐧𝐝 𝐔𝐒 𝐃𝐨𝐥𝐥𝐚𝐫 𝐒𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧𝐬 𝐚𝐧𝐝 𝐑𝐞𝐜𝐞𝐢𝐯𝐞𝐬 𝐚𝐧 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐟𝐫𝐨𝐦 𝐅𝐚𝐛𝐫𝐢𝐜 𝐕𝐞𝐧𝐭𝐮𝐫𝐞𝐬, 𝐊𝐫𝐚𝐤𝐞𝐧 𝐚𝐧𝐝 𝐓𝐞𝐭𝐡𝐞𝐫   Highlights of the press release include:   1. Quantoz Payments B.V. (Quantoz), the Netherlands headquartered payments technology company, is pleased to announce that it will start issuing EURQ and USDQ, two stablecoins, designed to be MiCAR compliant, on Monday 18th November. 2. EURQ and USDQ are respectively euro and US dollar-referenced E-Money Tokens (EMTs), issued on the Ethereum blockchain by Quantoz, an Electronic Money Institution (EMI) authorised and supervised by De Nederlandsche Bank (DNB), the Dutch Central Bank. 3. The new EMTs will facilitate euro and US dollar transfers and payments in secondary markets as well as transfers across digital asset and crypto exchanges. 4. Bitfinex and Kraken, two of the world’s longest standing and most secure crypto-asset exchanges, plan to be the first to list EURQ and USDQ for trading to eligible clients on Thursday 21st November.  5. A group of investors including Fabric Ventures, Kraken and Tether are underlining their support for Quantoz by investing in the company.   Read the full press release with statements from Anil Hansjee (General Partner at Fabric Ventures), Mark Greenberg (VP of Product & GM of Consumer at Kraken Digital Asset Exchange), and Paolo A. (CEO of Tether.io), and our Quantoz Payments CEO Arnoud Star Busmann here: https://lnkd.in/ebTU5jCc

How to Choose the Best Crypto Staking Platform: Tips from 𝐒𝐭𝐚𝐤𝐢𝐧𝐠𝐅𝐚𝐫𝐦 Know more:- https://lnkd.in/dFkNKQaD #stakingfarm #fintecbuzznews #fintech #financialtechnology #fintecbuzz #financialservices