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Finance

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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Solana: Mapping out profitable entry and exit triggers for SOL traders

Solana: Mapping out profitable entry and exit triggers for SOL traders

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Solana (SOL) bulls had to chin up to yet another decline post a broader market sell-off over the last month. In its south-looking trajectory, SOL poked the $35-zone for the first time in over …

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STEPN: Amid reports of spam accounts and DDOS attacks, how are its tokens reacting

STEPN: Amid reports of spam accounts and DDOS attacks, how are its tokens reacting

Recent unfortunate events that have trailed STEPN, a move-to-earn blockchain project appear to be proving skeptics right about the imminent failure of play-to-earn blockchain games. On 4 June, STEPN, via a twitter thread, informed its users of the implementation of an “Anti-Cheating” infrastructure into the gaming platform. Sustainability as the number of users continues to …

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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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