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Day: September 25, 2020

This non-Ethereum based DeFi project has $180M staked so far

cryptocurrency September 25, 2020

Advertisements This project is focusing on cross-chain interoperability and on-chain credit scoring to advance the DeFi lending ecosystem. Wing, a lending protocol built on the Ontology blockchain, currently has $180 million in crypto assets staked on its platform — not a meager amount, even by Ethereum (ETH) standards.  Eric Pinos, Ontology’s ecosystem lead for the […]

Weiss Ratings: Avoid Exposure to Tether (USDT)

cryptocurrency September 25, 2020

Advertisements In brief: The team at Weiss Ratings has cautioned investors against using Tether (USDT) They cite that USDT is not 100% backed by fiat and Tether is running like a fractional reserve bank They recommend USDC which is subject to constant audits and 100% backed DAI is also an alternative given its transparency via […]

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