Various finance experts may view DeFi as a passing fad, but according to a NASDAQ article, decentralized finance is the future of finance. The top players in the industry are taking the vast possibilities of blockchain technology seriously.
This article discusses an upcoming De-Fi player – Big Eyes Coin who had an explosive presale and the developments of existing giants DAO and Avalanche.
Big Eyes Coin Set to Bridge the DeFi Gap
Big Eyes Coin is a cat-themed meme coin on the Ethereum chain. The coin plans to democratize DeFi to the general public while focusing on its one key goal of saving the world’s ecosystem. Big Eyes holds a 5% charity wallet to clean up the world’s oceans.
The cat coin is on a mission to drive maximum growth into the De-Fi sector and it may use its nifty skills of persuasion to level up ignorant humans from the depths of traditional financial systems.
DAO – Running its Roots Deeper into the De-Fi Ecosystem
One of the biggest decentralized finance (DeFi) platforms, MakerDAO, has integrated Chainlink Labs’ smart contract automation into its Keeper system, which upholds the stability of Maker’s DAI stablecoin. Chainlink Automation will carry out particular duties such as pricing updates, liquidity balancing for the DAI Direct Deposit Module (D3M), and debt ceiling modifications for assets held as collateral.
On top of that MakerDAO unveiled a plan to launch a new lending operation that will compete with Aave’s efforts in the market for DAI, Maker’s well-known stablecoin, and challenge them for second place in the DeFi protocol and lender rankings. The new business, known as Phoenix Labs, will create goods by utilizing the MakerDAO protocol and DAI. It intends to start by introducing a decentralized lending market known as Spark Protocol.
Avalanche – Scaling Through the Roof
Avalanche (AVAX) is a decentralized financial system designed to provide cryptocurrency transactions at lower fees and in less time. Avalanche (AVAX), one of the largest platforms in the DeFi ecosystem, provides a variety of financial services, ranging from trading to lending and borrowing.
Avalanche (AVAX) worked with AWS and Chainlink to provide scalability solutions, safe hosting, and trustworthy sources of data for protocols in the DeFi industry in an effort to better the services it offers. These actions have increased Avalanche’s (AVAX) adoption and growth in the current unstable economy.
One BIG Takeaway
Maker DAO and AVAX create a compelling case as to why DeFi will be a hit. While Big Eyes is rolling high and wide every day. Here’s a quick insight into the coin’s growth in numbers. The amount invested by crypto enthusiasts who joined the Big Eyes wagon ($0.0001) in stage 1 has increased 390% (Big is now worth $0.00049). After all, cuteness is currency.
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