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An Ultimate Guide to DeFi 2.0

As compared to the traditional finance wallet, DeFi provides a number of benefits and several tools to its customers. The main objective of Decentralized finance (Defi) blockchain-based solutions is to resolve the issues of traditional finance. However, DeFi also has certain limitations that need to be resolved. It has been the nature of the blockchain…

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What is Cake DeFi? Explained

Finding a safe haven investment that satiates one’s hunger for ‘maximum earnings in limited expense’ is a tough task, especially when we are ushering towards a more complex economy. Where globalization and technological innovation promoted a more liberal economy and working infrastructure, the wide scale dependence on centralized financial channels limited the scope of liberalism….

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Everything You Need to Know About GameFi

Are you someone who spends most of their time behind the computer screen with furrowed eyebrows, hands clutching the mouse firmly, and tone changing frequency with every competitor’s move? You don’t have to be a genius to infer that we are talking about an e-gaming enthusiast here. The craze for video games has always been…

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PoolTogether and DeFi community together hit $1.4 million NFT defense funding goal

Through the sale of NFTs, PoolTogether, a no-loss lottery decentralized finance (DeFi) platform, has raised 100% of its legal defense fundraising goal. The initiative reached its financial target of 769 Ether (ETH), or $1.4 million, in just ten days, indicating significant support from the DeFi community, which is uniting against a lawsuit that some believe…

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PoolTogether starts NFT Financing Campaign to Raise 471 ETH for Legal Defense

PoolTogether, a DeFi platform that bills itself as a “no-loss lottery,” has earned 470.90 Ether (ETH) through NFT sales to support its legal defense against a putative class action lawsuit. PoolTogether is now more than halfway to its target of raising at least 769 ETH (approximately $1.5 million) to fight a lawsuit it claims has…

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What Are the Advantages of Decentralized Finance?

What is Decentralized Finance (DeFi)? Decentralized Finance (DeFi) is an umbrella term for various applications and services within the world of blockchain, expanding the use of this technology and aiming to replace the traditional financial system with one that has no central authority.  Stablecoins act as a bridge between the worlds of DeFi and centralized…

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CeDeFi Vs DeFi – Key Differences

The shifting dynamics of the financial ecosystem are the most serious challenge for most people worldwide. At its launch, DeFi (Decentralized Finance) seemed to offer a lot of promise for better openness in the global financial landscape. On the other side, the deployment of centralized-DeFi could lead to new financial benchmarks. As a result, the…

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Stargate Finance generates $1.9B TVL in 6 days

Thriving as a reliable cross-chain protocol facilitating the movement of assets across multiple blockchain ecosystems, Stargate Finance has startled the industry with its latest victory. In a week’s span post its launch, the platform has managed to pool a whopping amount of $1.9 billion in Total Value Locked or TVL charts. With this, Stargate Finance…

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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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DeFi Flash Loans: What Are They and How Can You Prevent Them?

Traditional banking requires a range of documentation, including a formal ID, proof of income, and reserves, in order to obtain a loan. In the event of a fast loan, none of this is important. As the name implies, such loans can be provided instantly, providing consumers quick access to money. Flash loans are unquestionably unique…