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Home»Web 3»DeFi: What doesn’t kill you only makes you stronger
Web 3

DeFi: What doesn’t kill you only makes you stronger

2024-03-04No Comments1 Min Read
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TL; DR

  • DeFi is back – of the top 10 revenue-generating crypto protocols, six are in the DeFi niche!

Full story

Some short, to-the-point news for you today:

DeFi looks capital good, good.

Why do you say? And where does this come from?

Well, after the last cycle, DeFi collapsed difficult (think: Terra Luna circa May 2022.).

Terra promised high returns, which in fact would strictly target inflation. They quickly crashed, causing a decline in trust and proving that these old methods were not sustainable.

Which brings us up to date with today’s news:

Analysts are excited to see DeFi back in action and raking in returns Real. Of the top 10 revenue-generating crypto protocols, six are in the DeFi niche.

And a rising tide floats all ships.

Take Uniswap’s recent rate update for example.

Since the update the $UNI token not only allows holders to vote on changes to the platform, but also gives them a discount on the transaction fees collected by the Uniswap exchange.

The more DeFi platforms (like Uniswap) find success with these profit-sharing models → the more competing platforms are likely to follow → the more user-controlled financial platforms will exist in the world.

We’d love to see it!

Source link

See also  DeFi landscape makes a promising recovery in 2023, what lies ahead?
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