The 13th edition of our curated newsletter.
In today’s newsletter we look at:
- eBay & Crypto
- DeFi basics
- Consensys DeFi report
- Automation tools
- Stablecoins vs regulators
- Opium Network protection
eBay Considers Accepting Crypto and Explores NFTs
Financial institutions may continue to ignore crypto, but major global enterprises such as Tesla and PayPal are giving the green light to payments in crypto. According to its CEO, eBay is next on the list. The company is considering accepting crypto payments and has already allowed NFT space.
If you’re not sure what DeFi is all about, read this short presentation first. It contains all the basic definitions of the DeFi space, from stablecoins and lending to DEXs, liquidity mining, and token governance without going too deep into it.
The Q1 DeFi Report by Consensys
DeFi enthusiasts should look at Consensys’ analysis of Ethereum’s decentralized finance ecosystem in Q1 2021. The report covers all the major aspects of the space, including ETH addresses interacting with DeFi, fees, stablecoins, various assets, DEXs trading volume, loans, NFTs, and trends to watch in Q2.
Stablecoins Present New Dilemmas for Regulators As Mass Adoption Looms
Despite being less risky than any other crypto, technically stablecoins do not guarantee stability, and regulating them is not that easy. One of the biggest challenges is coordinating global regulatory efforts across diverse economies, jurisdictions, legal systems, and different levels of economic development and needs. Another issue comes from stablecoins’ vast diversity in structure, economic function, technological design, and governance models.
Introducing Opium Bridge Protection
Opium Network, a protocol for creating, settling, and trading decentralized derivatives, has published a piece on its Bridge Protection that provides decentralized insurance for sidechain bridges. Whenever the assets move to sidechains, their ownership goes to the “bridge contract” on the Ethereum main-net.
Opium Bridge Protection is a tokenized and tradable decentralized insurance solution that allows anyone bullish on the Bridge to stake money and earn fees from selling insurance. And if that’s the protection that you’re looking for, you can buy monthly coverage.
This is a weekly newsletter curated by our Blockchain Lead Vyacheslav Akhmetov. We cover the most sparkling events in the industry and sharing more about our journey.