The Currency Analytics
By Ayobami Abiola
Popularity of DeFi
Security
Ren Protocol
Scalability of Bitcoin Achieved What about Huge fees?
The total locked USD in Decentralized Finance (DeFi) has reached 6.34 Billion, , an all-time high according to DeFi Pulse.
Blockfolio on August 13, rolled out a poll to check the level of involvement of its users with DeFi.
With respect to volumes, Ren Protocol on the 15th of August hits a new all-time high of 1600BTC (19.1 Million USD at the time).
Vitalik Buterin, the co-founder of Ethereum, opined in a tweet today:
“I continue to be worried about the fact that these wrapped BTC bridges are trusted… I hope that they can all *at least* move to a decently sized multisig”
This is worthy of note as many DeFi platforms today use centralized wallets with customers' funds fully in their care.
Safe Haven (SHA) as an inheritance platform can help DeFi platforms decentralize the private keys to their wallet by breaking them into parts that can be shared with multiple…
Ren Protocol operates a fully decentralized custodian wallets. The private keys of the wallets holding users' funds are shared and kept by dark node validators who stake REN…
Most DeFi protocols are currently resident on Ethereum blockchain. Despite the fact that transactions on Ethereum blockchain are faster than Bitcoin’s but the huge transaction…
Blockchains like Xinfin (XDC) are open and readily available to accept DeFi protocols because they process transactions faster than most blockchains with a near-zero fee.