The decentralized finance (DeFi) sector is rapidly growing but still faces significant challenges. For example, one of the biggest issues DeFi must address is Impermanent Loss (IL). This is a problem that can have serious consequences for liquidity providers. Today's review will examine how SMARDEX intends to solve the IL problem and end liquidity providers' unjust losses. We'll also look at all the services that SMARDEX offers and examine the project's tokenomics. What Is SMARDEX? SMARDEX is a project intending…
Advanced Economics
China’s Digital Currency Could Help Counter Libra’s Effect in the Country
For around five years, the People’s Bank of China (PBoC) has been working on a digital coin. The central bank’s fiat reserve will back the Central Bank Digital Currency (CBDC), and its value pegged to the Yuan value. Although the government of China announced its plans to develop the digital yuan in 2014, Facebook’s announcement of the launch of Libra was the propelling factor. The central bank says that the digital coin is near completion but hasn’t given any prospective…
3 years ago 
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Deputy Governor of BoJ Says Advanced Economies Don’t Need CBDCs
Recently, the Bank of Japan’s deputy governor claimed that advanced economies do not need central bank digital currencies (CBDCs). He spoke at the Future of Payments Forum, organized by the Bank for International Settlement. Amamiya said that CBDCs are a tremendous financial system for developing countries, especially the ones with immature payment infrastructures. Nevertheless, he claimed that advanced technologies cannot benefit from virtual currencies. Why Amamiya is Against Digital Currencies Amamiya said that it is unnecessary to implement new steps…
3 years ago 466 views