Cardano is a decentralised platform that will allow complex programmable transfers of value in a secure and scalable fashion. It is one of the first blockchains to be built in the highly secure Haskell programming language. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
MakerDAO has launched Multi-collateral DAI (MCD). This token refers to the new DAI that is collaterized by multiple assets.
With only a week to go before its release, WingRiders already capitalizes more than USD $57.26 million in trading operations per day, ranking second in the sector. DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. about Cardano by placing it below Minswap.
Following its launch last week, the decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. and platform DeFi WingRiders se convirtió en el segundo servicio más popular sobre la red de Cardano, being surpassed only by Minswap and rubbing shoulders with SundaeSwap in daily trading volume.
WingRiders as the second platform a place to buy, sell and store cryptocurrency DeFi most popular on Cardano
This is reflected in reports published by the analytics platform Blockchain, DeFi Llama, which reflects that WingRiders capitalizes a volume how much cryptocurrency has been traded over a set period, such as the past 24 hours. of operations corresponding to USD $57.26 million, a figure that places it in second place in the ranking managed by the service. The first place is occupied by Minswap with a daily volume of USD $107.4 million, and the third place is taken by SundaeSwap with USD $56.06 million.
WingRiders is a product of startups Vacuumlands, which is based in Slovakia and is dedicated to the design of software and solutions associated with space. Fintech. They have been working with Cardano since 2018, when they participated in the development of the wallet a place where cryptocurrency users can store, send and receive digital assets. AdaLite, one of the best known in this ecosystem.
According to analysts and industry enthusiasts DeFi, one of the main reasons why WingRiders has gained so much traction in recent days is precisely because of the possibility to trade with two of the most popular stablecoins on the market,Tether (USDT) y USD Coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency. (USDC)which it brought with it from its launch day and thanks to the platform are now available on the network a network refers to all nodes in the operation of a blockchain at any given moment in time. of Cardano.
Ecosystem DeFi about Cardano begins to grow
The good results capitalized by WingRiders in the last few days add as such to the ecosystem DeFi de Cardano, which is attracting a growing number of platforms that also operate within the decentralized finance sector.
The data recorded by DeFi Flame note that the six platforms DeFi currently operational on the network of Cardano capitalize together some USD $230 million in daily operations, beingWingRiders, Minswap y SundaeSwap those that capitalize the largest volumes of capital.
The CEO of IOHK / IOG and principal developer of Cardano, Charles Hoskinson, has repeatedly expressed his expectations for the space DeFi within the network Blockchain, so it is actively inviting projects and development teams to test the benefits of the technology they offer to design use cases within the industry.
As well as Hoskinson and the IOHK / IOG, the California-based venture capital capital is most commonly defined as the large sum of money you would use to invest. management firm,Wave Financial, announced at the end of March the launch of a fund specially designed to finance and provide liquidity how easily a cryptocurrency can be bought and sold without impacting the overall market price. to new platforms. DeFi that plan to operate on the ecosystem of Cardano.
- DeFi WingRiders platform starts operations and brings stablecoin a cryptocurrency with extremely low volatility, sometimes used as a means of portfolio diversification. Examples include gold-backed cryptocurrency or fiat-pegged cryptocurrency. Tether and USDC to Cardano network
- Wave Financial launches fund to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. DeFi projects operating on Cardano’s network
- AdaSwap, Cardano’s DeFi protocol, is launching a unique NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. marketplace.
Version by Angel Di Matteo / DiarioBitcoin
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