Why does the lending sector seem to be so attractive to blockchain initiatives? We used to look at various financial institutions as something built for our benefit. However, these institutions, just like any other business, act primarily to cover their bottom line. When it comes to providing loans, they will always act to boost their own profit as much as possible.
This leads to SMEs and other users having difficulty accessing the lending market. With that said, small and medium enterprises (SMEs) are considered to be the backbone of emerging markets. They comprise some 95% of businesses all over the…
The popularity of DeFi services is rising, and this claim is easy to back up with hard data. According to DeFi Pulse, the total value of funds locked in DeFi applications has grown from $300 million in early 2019 to several billion in 2021.The ecosystem’s total value locked (TVL) has continued to grow rapidly throughout the bull run, and currently stands at over $110 billion!
Lending is one of the fastest growing sectors within DEFI and is host to more than $30B in TVL. Why does this market sector continue to gain more and more traction? It’s quite simple: both…
With the conclusion of the first 100 days of minted incentive rewards, the core team has activated Multi-Sig to deposit another 100 days of governance incentive rewards in the reward address, worth a total of 40,000 bMXX.
BSC Official Governance Incentive Rewards Vault: