[vc_row][vc_column][vc_paragraph text=”When considering DeFi, there is one significant aspect that is often overlooked: a lot of EOS are blocked on decentralized financial platforms.“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”The asset that moves towards decentralized financing” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”EOS blockchain, that is based on a protocol using DPoS consensus model (Delegated proof is Stake), is involved in several DeFi projects. The largest of them is, no doubt, REX (Resource Exchange) that has grown to 79 million EOS (about $216 million) over a year: in comparison, Maker’s turnover is a little more than $430 million.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Along with 4 million EOS, there is a EOSDT stable coin which estimated value is about 10 million. This stable coin is completely decentralized and can be compared with DAI since they have similar characteristics.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Besides, among other DeFi projects there is a decentralized multiblockchain exchange Bancor that enables its users to create any token autonomously within the EOS blockchain due to its pools. Currently the Bancor’s turnover is about $2 million.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Finally, there is also a pTokens system which first transactions has been recently registered. This system is extremely fast and has helped to create tokens tied to BTC value but built on EOS blockchain ensuring the interaction between the two protocols.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”So, in conclusion, having analyzed the EOS blocked in DeFi, we can assume that it’s about 90 million of coins. Comparing this amount with the total supply amount that is over 1 billion, we see it’s almost 9%.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”But if we compare it with the liquidity supply that is just over 423 million of crypto-assets, this number will increase to 21%. This indicates that EOS is now moving towards decentralized funding.”][/vc_column][/vc_row]
China
China aims to integrate blockchain trying to get ahead of Hong Kong in foreign trading
[vc_row][vc_column][vc_paragraph text="Chinese Government is going to turn Hainan into the free trade port having focused on promoting free trading, investments ...
News
Understanding of the profound influence of stable coins on traditional finances. Part 1
[vc_row][vc_column][vc_paragraph text="A stable coin, as the name implies, represents a stable cryptocurrency designed to be resistant to price volatility typical ...
Bitcoin
Bitcoin: hashrate is being corrected
[vc_row][vc_column][vc_paragraph text="Predictably, the third halving has lead to correction of BTC, the processing power of its blockchain network."][/vc_column][/vc_row][vc_row][vc_column][vc_heading title="Deceleration of ...