Portugal’s parliament, Assembleia da República, has rejected two bills that sought to tax cryptocurrencies. Livre and Bloco, two Portuguese left-wing parties, proposed the bills. However, both parties had little representation in Congress. The ruling Socialist Party, which holds the majority of seats in the legislative assembly, has not yet submitted any bill. This news comes on the heels of Portugal’s Minister of Finance, Fernando Medina, announcing that cryptos will be subject to taxation soon. Explaining the need for crypto taxation,…
Defi
Being one of the hottest niches in the crypto space, DEFI needs no introduction. This market offers endless passive income opportunities for those who know their way around.
So, who is leading the world of DEFI?
SIBEX
top tick
SIBEX is an OTC dark pool that assists users in trading Bitcoin, Ethereum, and ERC 20 Tokens using hashed time-locked contracts (HTLCs).
MakerDAO
The MakerDAO is a decentralized smart contract platform on Ethereum. It is one of the most diversified and community-driven DeFi projects in the market. One of the DAO’s main functions (Decentralized Autonomous Organization) is to back and stabilize its native token value – DAI.
Compound
Compound Finance built an algorithmic, autonomous interest rate protocol for developers to unlock a universe of open financial applications.
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Aave
Aave is an Open Source and Non-Custodial protocol to earn interest on deposits and borrow assets with a variable or stable interest rate.
Synthetix
Synthetix is a decentralized platform on Ethereum for Synths' creation: on-chain synthetic assets that track the value of real-world assets.
dForce
dForce Network is China’s ambitious project to take over DeFi by aggregating financial protocols from all over the world. The Beijing-based platform is now stepping out of the shadow.
Polkadot
Polkadot has wasted no time in pursuing its goal to become the future internet of blockchains. It has rapidly climbed the volatile hierarchy in the crypto space to become one of the most promising projects out there.
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NEAR
What started as an open-source platform built to accelerate decentralized applications has just turned into a decentralized autonomous organization, less than two years after its inception.
Curve
Curve Finance is a decentralized exchange that enables crypto trades between assets worth the same amount. The platform started as an alternative to the popular Uniswap DEX.
Balancer
The Balancer wishes to remain transparent as they carry out regular audits. Among the protocols that conduct the audits include Open Zeppelin, Consensys Diligence, and Trail of Bits.
C.R.E.A.M.
Since its launch in August 2020, Cream Finance has expanded to provide lending services, crypto exchange features, and it is now developing into a decentralized autonomous organization (DAO).
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PoolTogether
PoolTogether is a next-gen DeFi platform that seeks to transform saving crypto into a fun-filled activity. This Ethereum-based protocol is the world’s first and most popular no-loss savings game.
Pickle
According to its website, Pickle Finance is “an experiment using farming to bring stablecoins closer to their peg.” The project emerged on September 11, 2020, and it quickly increased in value and popularity.