Compound Implements Community-Driven Governance Proposals

Last week, Decentralized finance (DeFi) protocol known as Compound was able to implement its initial two community-driven governance proposals. The launching of the protocol’s governance token (COMP) aimed at the facilitation of community-driven protocol upgrades and development is on the way. First Governance Proposal For Compound The community was given the opportunity to choose the assets they want to be added to Compound in September last year and most people chose Maker (MKR) and Tether (USDT). Hence, based on the…

Coinbase and Ripple-Backed Dharma Introduces Twitter-Based Payments System

On April 21, Dharma, an Ethereum-based peer-to-peer lending platform announced what it called Social Payments (a Twitter-native financial system) on Twitter. According to the peer-to-peer platform, it is launching the new system that allows Twitter users to accept payments in US dollars. “Introducing social payments – a Twitter-native financial ecosystem. Today, you can send USD to any Twitter handle, regardless of where that person lives — even if they don’t have a Dharma account. Now every Twitter handle accepts (and earns…

The Ultimate Beginner’s Guide to Decentralized Finance or DeFi

DeFi, short for decentralized finance, is the latest hot trend in the crypto industry, and rightly so. An emerging market that surged from $1 billion to $13 billion in less than eight months cannot go unnoticed for too long. As you are reading this beginner’s guide to DeFi, the sector is adding more protocols, increasing value, and becoming an even more challenging rival to the traditional finance system. It may be a bit too early to bet your bottom dollar…