From more non-custodial liquid staking services to more privacy-focused projects, the community shared what they want for the future of DeFi.
While the broader crypto market is on a downward spiral and social media is plagued with fears and complaints, some are choosing to focus on the decentralized finance (DeFi) space’s potential for the future.
In a DeFi subreddit, Redditor Popular_Rub9075 asked community members what they want to see more of in the decentralized finance space. According to the Redditor, while negative discussions are prevalent in social channels, a “great time” to look into projects that have potential is when the market is down.
In response to the thread, Reddit user Crumbedsausage said that he wishes to see more Liquid Ether (ETH) staking projects that are non-custodial. In addition, the Redditor said that being able to run an Ethereum node with “1 ETH or less” may be good for decentralization and provide realistic annual percentage yields.
Apart from this, another user, called Geistirnd, noted that they believe in the potential of DeFi projects that are focused on privacy. According to the Redditor, providing more privacy options for DeFi users will be a catalyst for the “wider adoption of decentralized finance.
“On the other hand, one of the participants in the thread also brought up yield making, pointing out that everyone wants new ways to “make some gains.”
Meanwhile, Binance Labs has announced that it will launch the fifth iteration of its Most Valuable Builder (MVB) program, its incubation platform that supports new DeFi projects. The fifth round of MVB is a collaborative effort between Binance Labs and BNB Chain.
In other news, Bitfrost, a decentralized cross-chain liquidity provider, launched an updated Slot Liquidity Auction Protocol on Friday. With this protocol, the project provides liquid derivatives tokens in exchange for the tokens staked. These tokens can be used throughout DeFi, eliminating the opportunity cost for users who have staked their coins.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Foxy
Coincu News
George Town, Grand Cayman, 22nd November 2024, Chainwire
Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…
Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…
Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…
Discover the success story of a New York tech entrepreneur who made $72M from a…
Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…
This website uses cookies.