xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11The only way
Technology isn't always directly translate to what we desire it to become. For example, we wish social media to become a place to keep in touch of others but it created another whole new level of distrust and misinformation that spread like a Pandemic. Be careful of your wishes! Like AI we think they can bring up a new level of the game in the creative industry and possibly to replace writers like you and me, but can they? It seems they are very powerful to execute what we want them to, ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11The only way
Technology isn't always directly translate to what we desire it to become. For example, we wish social media to become a place to keep in touch of others but it created another whole new level of distrust and misinformation that spread like a Pandemic. Be careful of your wishes! Like AI we think they can bring up a new level of the game in the creative industry and possibly to replace writers like you and me, but can they? It seems they are very powerful to execute what we want them to, ...
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JP Morgan just performed its first Defi transaction yesterday quitely.
https://twitter.com/AaveAave/status/1587846898039521281
Big banks knew something was not working, and they kept quite.
Transactions was done on Polygon with a modified version of AAVE protocol's smart contract.
The project is a partnership between Singapore, Japan and US to test out potential Defi applications in the banking system.
They also tested the tokenized government bonds transactions through a smart contract.
Defi is a product after the booming of blockchain technology that improves FinTech and makes finance more accessible to everyone at a low cost.
The potential to be enormous opportunities for lending services, particularly for small lending amounts to small business owners.
With the higher risky loans that banks may not want to manage, Defi can provide additional security layers to operate with efficiency and a low-cost environment.
Such actions did not explore by mainstream media due to the skeptic and misinformation about crypto space.
Defi is a feasible way and effective tool if one can utilize it properly.
Although there are no yet regulations to catch up the technology, the application has already existed and been implemented around the internet.
Especially with the current high inflation environment, there are fewer opportunities for investors to seek high-reward projects to invest.
But with Defi, you may not have a problem finding a good project with due diligence and an understanding of the technology.
As long as the return is not sound too good to come true, Defi is a feasible instrument to help investors to find a better reward in difficult financial times.
With this core idea in mind, banks are exploring opportunities and integrating their traditional finance into the new technological tools to explore more options to help investors to earn more.
I think Defi has an unlimited possibility if banks are using them correctly to benefit society.
Thinking it too late to buy Bitcoin? How about earning Bitcoin through daily spinning? Try Fold App here and start your Bitcoin earning journey with a free $2 to start!
Photo by Dmitry Demidko on Unsplash
JP Morgan just performed its first Defi transaction yesterday quitely.
https://twitter.com/AaveAave/status/1587846898039521281
Big banks knew something was not working, and they kept quite.
Transactions was done on Polygon with a modified version of AAVE protocol's smart contract.
The project is a partnership between Singapore, Japan and US to test out potential Defi applications in the banking system.
They also tested the tokenized government bonds transactions through a smart contract.
Defi is a product after the booming of blockchain technology that improves FinTech and makes finance more accessible to everyone at a low cost.
The potential to be enormous opportunities for lending services, particularly for small lending amounts to small business owners.
With the higher risky loans that banks may not want to manage, Defi can provide additional security layers to operate with efficiency and a low-cost environment.
Such actions did not explore by mainstream media due to the skeptic and misinformation about crypto space.
Defi is a feasible way and effective tool if one can utilize it properly.
Although there are no yet regulations to catch up the technology, the application has already existed and been implemented around the internet.
Especially with the current high inflation environment, there are fewer opportunities for investors to seek high-reward projects to invest.
But with Defi, you may not have a problem finding a good project with due diligence and an understanding of the technology.
As long as the return is not sound too good to come true, Defi is a feasible instrument to help investors to find a better reward in difficult financial times.
With this core idea in mind, banks are exploring opportunities and integrating their traditional finance into the new technological tools to explore more options to help investors to earn more.
I think Defi has an unlimited possibility if banks are using them correctly to benefit society.
Thinking it too late to buy Bitcoin? How about earning Bitcoin through daily spinning? Try Fold App here and start your Bitcoin earning journey with a free $2 to start!
Photo by Dmitry Demidko on Unsplash
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