Stablecoin

Decentralized Finance, more commonly known as DeFi, is the newest trend in the cryptocurrency sector. After "Colored Coins," Smart Contracts, and ICOs, DeFi has taken the limelight. It has opened the door to a whole new branch of decentralized technologies. Among the hundreds of projects focusing on bringing Decentralize Finance to the masses, none has been as successful as the MakerDAO Network. The Need for MakerDAO The MakerDAO is a decentralized smart contract platform on Ethereum. It is one of…

Content creators on Alethea AI are the new beneficiaries of smart contracts after adopting a revenue model that will promote their synthetic meme creation works.  Users can now stake in stablecoin DAI and earn interest from the new protocol, Compound Finance, and then use the income to create more memes.  Users staking their DAI tokens in support of meme creation will earn ALE tokens and gain a right to vote on newly created memes or directly commission the development of…

Crypto stablecoins present an efficient and easy way of managing crypto volatility. Volatility in the crypto market is often regarded as the boon and bane of crypto trading. While on the one hand, it allows traders to accumulate substantial profits, it can cause significant losses to crypto traders or even lead to missing a perfect opportunity to trade. Stablecoins function to cushion investors from intense volatility witnessed in the crypto market by providing a less volatile means to employ in…

After a successful Binance IEO, Kava was launched in the last quarter of last year. Since then, the platform has been causing a fuss in the DeFi industry, projected to transform the entire crypto industry. The project aims to create the world’s first dedicated DeFi platform offering collateralized debt and stablecoins for all the leading crypto assets. Cosmos powers the project, which is built on the Tendermint core. Over 100+ business entities worldwide support Kava, including renowned crypto funds such…