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DeFi Project Spotlight: Frax Finance, a Sweet Spot for Stablecoins

DeFi Project Spotlight: Frax Finance, a Sweet Spot for Stablecoins

Key Takeaways Frax Finance is an on-chain protocol that mints and manages the FRAX stablecoin. FRAX maintains its peg through a dual collateral-backed and algorithmic mechanism, making it more scalable and capital efficient than overcollateralized stablecoins. Frax also utilizes Algorithmic Market Operations to generate revenue and ensure the protocol is more secure and robust. Frax …

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El Salvador: Finance Minister Says Time Still Not Right for Bitcoin Bond Launch

El Salvador: Finance Minister Says Time Still Not Right for Bitcoin Bond Launch

El Salvador authorities have stated once again that a suitable time for the launch of the country’s highly anticipated $1 billion Bitcoin Bond has not arrived. Salvadoran finance minister Alejandro Zelaya says the current market downturn partly triggered by the raging Russia-Ukraine war makes embarking on such projects unfeasible, reports The Block on June 3, …

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Singapore collaborates with finance industry to explore digital currency use cases

Singapore collaborates with finance industry to explore digital currency use cases

Home » Business » Singapore collaborates with finance industry to explore digital currency use cases The Monetary Authority of Singapore (MAS), Singapore’s de facto central bank financial regulatory authority, is looking to explore the “economic potential and value-adding use cases” of digital assets.  In its latest announcement, the MAS has launched a collaborative initiative with the …

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Chainlink Deploys 7 Price Feeds For Solana Developers

Chainlink Deploys 7 Price Feeds For Solana Developers

You are here: Home / News / Altcoin News / Chainlink Deploys 7 Price Feeds For Solana Developers June 5, 2022 by Lipika Deka Blockchain oracle pioneer Chainlink Price Feeds has announced integrations on the Solana Mainnet for decentralized finance [DeFi] applications. In accordance with the press release, the latest deployment will help developers building on Solana to …

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