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PhoenixDAO: Overview of the Payment System

[Featured Content] The inception of blockchain-based solutions has made profound changes to the financial sector. While centralized platforms have rapidly gained ground, owing to their first-mover advantage, Satoshi’s original idea behind a peer-to-peer payment system has finally started to take off with the advent of decentralized finance (DeFi). Today, the total value locked in DeFi…

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An Overview Of The Fuse Network (FUSE)

Founded in 2019, the Fuse Network aims to revolutionize the traditional payment and exchange system. The network is working to devise a fast and low-cost payment solution to simplify the day-to-day activities without any involvement of a third party. The Fuse chain runs as a side chain of the Ethereum network. The FUSE token is…

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What is Aave? An Overview of the Budding DeFi Lending Platform

Aave is a decentralized, open-source, non-custodial liquidity protocol that enables users to earn interest on cryptocurrency deposits, as well as borrow assets through smart contracts. Aave is interesting (pardon the pun) because interest compounds immediately, rather than monthly or yearly. Returns are reflected by an increase in the number of AAVE tokens held by the…