Decentralized borrowing and lending are important aspects of decentralized finance (DeFi). In DeFi borrowing and lending, Users can borrow crypto loans and then pay back the interest and principal after the specified period. Crypto lending is a service that...
Alchemy, a powerful blockchain development platform, offers a collection of developer tools. The platform’s robust APIs are available to developers creating apps that interact with Ethereum. Developers can also use the APIs to enhance their apps. They can also...
Decentralized Finance (DeFi) is a burgeoning, revolutionary, and brilliant application of blockchain technology in the finance industry. DeFi, as its name implies, is a financial system lacking the centralization element prevalent in traditional finance (TradFi) organizations. DeFi is a...
Central Bank Digital Currencies (CBDCs) have recently become a hotly debated topic. Various countries are researching and experimenting with creating their own CBDC, while some have already floated their digital currency. For example, Nigeria launched its CBDC, e-Naira, in...
Central Bank Digital Currencies (CBDCs) have been defined as a currency and payment structure that will bank the unbanked members of society and promote financial inclusivity. There are various reasons why a particular segment of society may be unable...
"Web3" is a popular term that has been bandied about a lot recently. It is considered a revolution of the traditional internet, incorporating features that address the limitations of the conventional internet. This technology is expected to improve privacy...
The crypto space is constantly evolving, with novel features regularly developed and implemented. Volatility in the cryptocurrency market prompted the creation of a type of coin specifically immune to the market's swinging effects. Investors desired a coin that could...
Decentralized Finance (DeFi) is a cutting-edge, blockchain-based finance that does not depend on centralized financial intermediaries (such as exchanges or banks) but uses smart contracts built on blockchains. DeFi differs from traditional financial services in that a transaction can...
Unlike bitcoin, which can be sold almost immediately, the NFT industry is more liquid. It can take months for someone to buy another user’s NFT. This challenge brings about the need for financial instruments in the NFT industry. Also,...
Decentralized Finance can take many forms, such as decentralized lending, decentralized exchanges, decentralized insurance, etc. DeFi insurance is the process of obtaining insurance coverage against losses in the decentralized finance space for oneself or a DeFi protocol. As a...
