Analysts expect a secondary DeFi "Frenzy" with the launch of the governance token of an Ethereum-based protocol.
The launch of Curve's CRV token could send DeFi into another "Frenzy": investors.
One of the most popular DeFi protocols based on Ethereum is Curve.
While a DeFi protocol, Curve is currently not 100% decentralized, with a group of individuals currently deciding the direction of the platform.
This was echoed by pseudonymous DeFi commentator "DegenSpartan," who remarked that CRV will "Blast defi into overdrive."
Underscoring Kang's comments, it is clear capital is entering DeFi.
This pertains to DeFi as Electric Capital partner/co-founder Avichal Garg, an investor in Anchorage, Near Protocol, Notion, and other companies, announced on Twitter that a focus of this fund will be DeFi.
Garg specifically cited four DeFi ideas that they are looking to foster.
DeFi Insurance: Risk mitigation is key as capital locked in DeFi grows.
Credit Scoring: Is there a way to do unsecured lending in DeFi?Robo Advisors: Wealthfront for DeFi.
The launch of this Ethereum token could put DeFi into another frenzy
Published on Aug 7, 2020
by Cryptoslate | Published on Coinage
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