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Market

Centrifuge wins the 8th Polkadot Parachain Auction

January 28, 2022 - Around 1 mins mins to read

Medium centrifuge victory at the 8th parachain auction Polkadot, the next winner is behind Efinity (#6) and Composable Finance (#7).

Centrifuge wins the 8th Polkadot Parachain Auction - CoinCu News

Source: parachains.info

With 5,435,161 DOT or $98,756,869 raised by 15,293 contributors, Centrifuge won by a wide margin against promising project in the fourth auction HydraDX, which is currently only 2,266,310 DOT ($41,178,847) has.

1643335712 906 Centrifuge wins the 8th Polkadot Parachain Auction

Source: parachains.info

DeFi has come a long way — but it’s still in its infancy. Most of the TVL (Total Value Locked) in DeFi is crypto. This limits the growth of the industry.

Claimed to be the home of DeFi in the real world, so once Centrifuge is connected to Polkadot — soon to be connected to other parachains like Moonbeam and Acala — the Defi ecosystem on Polkadot is expected to grow rapidly.

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#Auction

8th

Centrifuge

Parachain

Polkadot

wins

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Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Market

Centrifuge wins the 8th Polkadot Parachain Auction

Medium centrifuge victory at the 8th parachain auction Polkadot, the next winner is behind Efinity (#6) and Composable Finance (#7).

Centrifuge wins the 8th Polkadot Parachain Auction - CoinCu News

Source: parachains.info

With 5,435,161 DOT or $98,756,869 raised by 15,293 contributors, Centrifuge won by a wide margin against promising project in the fourth auction HydraDX, which is currently only 2,266,310 DOT ($41,178,847) has.

1643335712 906 Centrifuge wins the 8th Polkadot Parachain Auction

Source: parachains.info

DeFi has come a long way — but it’s still in its infancy. Most of the TVL (Total Value Locked) in DeFi is crypto. This limits the growth of the industry.

Claimed to be the home of DeFi in the real world, so once Centrifuge is connected to Polkadot — soon to be connected to other parachains like Moonbeam and Acala — the Defi ecosystem on Polkadot is expected to grow rapidly.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page