Major Asian financial institution DBS Bank has applied decentralized finance (DeFi) technology to trade foreign exchange and state securities. FX Trading On Private DeFi Pools Singapore’s leading financial services group, DBS Bank, is applying DeFi technology for a project backed by the region’s central bank. The project includes a trading test of foreign exchange (FX)[Read more…]
Aera, a treasury management protocol, has announced the launch of treasury optimizing vaults for decentralized autonomous organizations (DAOs) on Polygon. Aera says its goal is to enable crypto projects to manage their token reserves in a more efficient manner. The current bear market has made treasury management a major concern for DAOs. Their treasuries have declined[Read more…]
The Monetary Authority of Singapore (MAS) successfully completed a cross-currency transaction involving tokenized Japanese yen and Singapore dollar deposits as part of a pilot exploring the potential of DeFi applications in wholesale funding markets. DBS Bank, JPMorgan and SBI Digital Asset Holdings participated in the foreign exchange and government bond transactions against liquidity pools comprised[Read more…]
A new report by Messari on the state of the Polygon network revealed an increase of new addresses QoQ of 180%. Active addresses also hit an all-time high of 6 million, while total transactions surpassed 2 billion during Q3. Other critical metrics for Polygon are shown in the table below. Messari’s data shows that the active validator[Read more…]
Aera, a rewards-based treasury management system for decentralized autonomous organizations (DAO), is coming to Polygon to let projects leverage the power of on-chain finance. For DAOs to achieve their goals, they need to adopt nimble and risk-aware approaches to treasury management and make the most of the tools made available by decentralized finance (DeFi). That’s […] The post Aera Taps Polygon to Bring the Power of DeFi to DAO Treasury Management appeared first on Polygon | Blog.
With stagnant prices that have left many investors of Polygon (MATIC) And Ethereum (ETH) feeling bearish about the future of the cryptocurrency industry, it is easy to forget that there are still plenty of projects out there working hard to innovate and bring new solutions to the table. One such project is the Orbeon Protocol (ORBN),[Read more…]
Hola readers! Nansen announced NFT support for Polygon, Axelar partnered with Polygon to deliver cross-chain communication to Polygon Supernets, and BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, has announced support for Polygon and $MATIC. Let’s dive in. Key takeaways: The weekly NFT Volume continues to grow, reaching $3.9 Bn. Last week’s […] The post PolygonInsights – WEEK43 appeared first on Polygon | Blog.
Polygon believes that India will be the epicenter of building and adoption of new blockchain technologies, and we want to help. Introducing Polygon’s Web3: Made in India Tour, a rolling celebration of blockchain builders, culminating at the biggest Web3 festivity of all: ETHIndia! With seven Polygon Guild events and the first-ever Polygon Connect: India, we’re […] The post India Takes Center Stage in Polygon’s Web3: Made in India Tour appeared first on Polygon | Blog.
SushiSwap [SUSHI], as of 31 October, made it to the list of the top Polygon projects in terms of galaxy score, only behind AAVE. This was a major update for SUSHI that could play in favor of the blockchain in terms of a possible price surge in the coming days. Furthermore, a higher galaxy score could[Read more…]
The cryptocurrency industry has reached an interesting point where a reversal could see prices rally to the upside. Anything is possible from here, and investors are still wondering which direction the market will take. This is also a great opportunity for investors to diversify their cryptocurrency portfolios. Some investors already own Bitcoin (BTC) and Ethereum[Read more…]