On-chain lending platform dAMM Finance launches today, bringing capital efficient, transparent decentralized lending and borrowing to institutional investors. The decentralized finance (DeFi) platform was born out of frustration with the existing options available to investors, dAMM Finance CEO Josh Baker told Decrypt. “dAMM is the protocol that we wish existed,” he said. dAMM is an uncollateralized lending platform for any…
Category: DeFi
Value Locked in Lido Rises Prior to Ethereum’s Merge, LDO Token Jumps 23% Higher in 7 Days – Bitcoin News
In eight days Ethereum is planning to undergo one of the most intensive upgrades since the DAO hard fork in 2016, as The Merge aims to change the network’s consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS). Amid the lead-up to The Merge, the decentralized finance (defi) and liquid staking protocol Lido’s total value locked (TVL) jumped 6.34% this week…