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Russia’s largest bank, Sberbank, is moving forward with the plan to launch its decentralized finance (DeFi) platform, preparing to trial the product in a few months.Sberbank expects to launch open trials of its DeFi platform by May 2023, Sber’s Blockchain Lab product director Konstantin Klimenko announced, the local news agency
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The bank's blockchain product director believes DeFi will one day replace traditional banking services. Original Source
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press release PRESS RELEASE. KyotoSwap.io is the first decentralized exchange (DEX) on Binance Smart Chain that allows anybody to create a verifiable positive impact at little to no cost. As a result, decentralized finance (DeFi) users can passively contribute towards fighting climate change. The first Regenerative Finance DEX on BSC to
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Uniswap's UNI token and Avalanche's AVAX token were recently up about 4.5% and over 3%; ether rose 3% at one point Thursday following unexpectedly moderate comments from Fed Chair Jerome Powell. Original Source
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The smart contract token economy rose 5.6% against the U.S. dollar on Thursday, reaching $332 billion. Additionally, the value locked in decentralized finance (defi) increased to nearly $50 billion, a record high not seen since the collapse of FTX. Smart Contract Economy and Defi TVL Bounces Back On Thursday, Feb. 2, 2023,
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Decentralized finance (DeFi) protocols experienced a boom in total value locked across different staking pools in January 2023. The market hit $74.6 billion worth of staked assets, increasing by 26% from December.In its latest monthly report, DappRadar outlined the growth of the DeFi sector alongside rejuvenated nonfungible token (NFT) markets
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Solana decentralized finance (DeFi) protocol Everlend Finance is closing down its operations and urging clients to withdraw funds from the platform.The company announced the decision on Twitter on Feb. 1, saying that despite having “enough runway” to continue operating, it would be a gamble under current market conditions. In particular,
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Although the learning curve for using decentralized finance (DeFi) is steeper than with centralized exchanges, DeFi and its use of immutable smart contracts open up prospects for a more inclusive world. But how can we navigate the core functions of DeFi, use them effectively and profit? Understand key protocols Lending
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Recent charges brought against Mango Markets exploiter Avraham Eisenberg will have a positive impact on the decentralized finance (DeFi) space, according to credit rating firm Moody’s. In a Jan. 31 note from Moody’s Investor Service, AVP of decentralized finance Cristiano Ventricelli stated that enforcement actions brought by the two leading
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Dexalot’s dual-chain app establishes a base for expanding to other host chains to enable mass adoption of decentralized finance (DeFi), according to the press release. The Subnet implementation will build a foundation for interoperabilities within multiple ecosystems, which can be created on top of, and around Dexalot, the press release
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