The Latest Breaking News from DeFi

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This article was originally published on SmartContent and appears here with permission.

PayPal (NASDAQ: PYPL), MasterCard (NYSE: MA), Unionbank – all these major players have already announced cryptocurrency products.

Ethereum (CRYPTO: ETH) may be the blockchain network that gave us DeFi, but it's arguably not the most popular DeFi network — if popularity is gauged by actual participation and not enduring hype. In fact, the accepted leader in the space has lost its grasp on the no. 2 spot.

Yearn.finance (CRYPTO: YFI) has emerged as the most traded cryptocurrency by the 1,000 biggest Ethereum (CRYPTO: ETH) wallets in the past 24 hours.

By Diane Dai Crowdpooling has become a people-powered engine for expanding the size, scope, ambition, and functionality of the DeFi ecosystem. 

Decentralized Finance (DeFi) is an application of the crypto blockchain created to disrupt how financial transaction services take place in the everyday world by making them easily accessible in the digital world.

By Diane Dai, DODO co-founder. Without community-governed stablecoins, DeFi can’t achieve its goals of a more decentralized, community-centric financial system. 

Raising funds is one of the biggest issues for nascent projects across DeFi. As the competition for investors’ funds grows, it becomes a challenge for them to attract attention and get their much-needed cash flow for development — which, in its turn, stalls the creation of viable systems and products…