Home Coins Ethereum (ETH) Cointelegraph Consulting releases DeFi Guide to increase wider adoption

Cointelegraph Consulting releases DeFi Guide to increase wider adoption

Many new users have been attracted to the explosive expansion of the DeFi sector in 2020, seeking to explore the growing selection of finance tools and applications. Not surprisingly, large barriers exist due to complexity, high transactional fees, not to mention the inherent risk of using these relatively new platforms.

In an effort to simplify the user experience by providing a knowledge base, Cointelegraph Consulting has released DeFi Adoption 2020: A Definitive Guide to Entering the Industry. The guide features findings from Cointelegraph Consulting’s landmark survey distributed to DeFi projects in multiple regions around the world. The results examine trends within the industry related to scalability, objectives, and overall project structure. 

This guide is split into three sections with the first part featuring a benchmark analysis of the industry’s landscape that defines many core concepts, introduces key terms, and explains commonly used metrics. The second section is dedicated to exploring some of the main use cases and protocols that provide the framework for more open financial tools. 

In the third section, the guide analyzes some innovative projects such as Wing for their use of Ontology as an alternative to Ethereum and ForTube for their adoption of Binance Smart Chain. Enjin’s latest product Efinity is highlighted as a scaling solution for Ethereum token transfers, while YouHodler is assessed for the use of a centralized finance (CeFi) approach to asset management. THORChain’s cross-chain DEX model is explained, while money market protocol Equilibrium is also featured for their use of Polkadot’s technology to enable cross-chain lending and trades. 

Download the guide, here.

Source link

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
474FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,553FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.18
GBP
1.31
CHF
1.10
NOK
0.11
JPY
0.01
CAD
0.76
AUD
0.71

Most Popular

Announcing Incentivized Liquidity Mining on Loopring’s L2 DEX | by Will Brealey | PieDAO | Oct, 2020

Update from the bakery:You can now liquidity mine our DeFi indices and governance token DOUGH on Loopring.io. We’re incentivizing all three pairs, so...

Cardano, Monero, Zcash Price Analysis: 27 October

A spike in selling pressure followed by a sudden price recovery was witnessed in the Cardano market, as volatility levels remained quite high.Monero...

yRISE FINANCE | High-Yield Staking 📈

In this video, we're focusing on a project called yRISE Finance and their farming product, news, developments and things you can expect in the...
bitcoin
Bitcoin (BTC) $ 13,669.72
ethereum
Ethereum (ETH) $ 407.00
ripple
XRP (XRP) $ 0.251779
tether
Tether (USDT) $ 0.998366
bitcoin-cash
Bitcoin Cash (BCH) $ 266.04
bitcoin-cash-sv
Bitcoin SV (BSV) $ 175.85
litecoin
Litecoin (LTC) $ 57.89
eos
EOS (EOS) $ 2.66
binancecoin
Binance Coin (BNB) $ 32.01
okb
OKB (OKB) $ 4.70
tezos
Tezos (XTZ) $ 2.09
leo-token
LEO Token (LEO) $ 1.28
cardano
Cardano (ADA) $ 0.103951
monero
Monero (XMR) $ 134.05
stellar
Stellar (XLM) $ 0.081808
chainlink
Chainlink (LINK) $ 12.21
huobi-token
Huobi Token (HT) $ 4.33
tron
TRON (TRX) $ 0.027034
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 70.80
neo
NEO (NEO) $ 17.11
iota
IOTA (MIOTA) $ 0.279449
nem
NEM (XEM) $ 0.098128
zcash
Zcash (ZEC) $ 60.74
maker
Maker (MKR) $ 588.21
paxos-standard
Paxos Standard (PAX) $ 0.999707
ethereum-classic
Ethereum Classic (ETC) $ 5.50
vechain
VeChain (VET) $ 0.011477
true-usd
TrueUSD (TUSD) $ 0.999803
ftx-token
FTX Token (FTT) $ 4.05
kucoin-shares
KuCoin Shares (KCS) $ 0.856249
waves
Waves (WAVES) $ 3.18