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A Detailed Guide on xDeFi Token (On Ethereum)

As the trendiest topic in the finance industry, xDeFi token also known as decentralized finance token has ballooned over the years. There are several protocols of xDeFi locked up in their smart contracts. For all the people who want to invest in cryptocurrency, it is important to understand the basic concepts of xDeFi wallet token….

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Know Everything About DeFi Wallets

Investors have the opportunity to participate in novel and diverse markets like Non-Fungible Tokens (NFT) art and exotic derivatives with decentralized finance (DeFi). A DeFi wallet, however, is required to play the game.   By replacing the login screens for Web 2 platforms that let you sign in to new sites with your Facebook or…

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TribeOne and DeFi11 enters a strategic partnership

Working as a powerful decentralized portal that aspires to reinvent blockchain gaming, DeFi11 has entered into a strategic collaboration with the TribeOne portal. Hailing from San Francisco, California, TribeOne is a Non-Financial Institution, savings, and credit risk management platform providing seamless banking experience to users through its user-centric tools and services. The integration between the…

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Proposal for cross-chain governance gets approved on Aave

Serving as a top-tier Decentralized Finance portal facilitating easy lending and borrowing of crypto, Aave has successfully passed the first cross-chain governance proposal in its ecosystem. The developers of the project revealed that a proposal executed on Aave, designed on the Ethereum channel, was wired to the Polygon (MATIC) FxPortal. The Ethereum data was interpreted…

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Meta introduces world’s fastest Metaverse AI supercomputer

With the striking surge in the popularity of Metaverse technology, firms from across the globe are constantly working to expand their operations in the cluster. The most prominent player in Metaverse has been Facebook’s parent firm ‘Meta’ that has released a blog post featuring its newly-designed AI-supported supercomputer named ‘Research SuperCluster’ (RSC). Led by Mark…

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Everything You Need to Know about Yield Farming

“The amount lent out is paid back with interest when typical loans are sanctioned through banks. The same concept goes with yield farming: lending of bitcoin that would normally be sitting ideally in an account to produce returns,” according to the CFP, AIF, and owner of Hill Wealth Strategies, Daniel R.Hill.    Thus, yield farming…

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Staking vs Yield Farming vs Liquidity Mining- What’s The Difference?

On your journey through the DeFi metaverse, you are likely to come across terms like staking, yield farming, and liquidity mining. They all refer to a client putting their resources on the side of a blockchain, DEX (decentralized exchange), shared security options, or some other potential applications that demand capital.    Despite sharing a lot…

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What is MetaMask and How to Set Up a MetaMask Wallet?

What Is MetaMask?   Aaron Davis founded the blockchain company ConsenSys and MetaMask. MetaMask is a free crypto wallet that permits users to store and swap top nft tokens, host a growing array of decentralized applications (dApps), and familiarize themselves with the Ethereum blockchain ecosystem. It is a universally and popularly used crypto application. In…

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Decentralization Finance (DeFi): Digging into the Blockchain Frontier

Decentralized finance (DeFi) is a subset of the cryptocurrency trading business focussing on decentralized financial services. It includes several developer-created financial services accessible by all. DeFi solutions and centralized solutions differ in various aspects. The most important characteristic is that decentralized solutions are governed and controlled by a group of participants via decentralized networks. As…

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How decentralized exchanges and aggregators drive DeFi growth

  Decentralized exchanges (DEXs) are currently gaining a lot of attention, a part of Decentralized Finance (DeFi). The worldwide market capitalization of cryptocurrencies reached a new all-time high in 2021. In addition, new blockchain trends, such as Non-Fungible Tokens (NFTs), are propelling cryptocurrencies to the forefront of blockchain news.  DeFi is constantly garnering attention and…