Welcome to the latest version of Cointelegraph’s Decentralized Meaning, or DeFi, newsletter.
The blogging platform Mirror has expanded into the public market this week. Read on to discover the implications of this move for Etherium wallet holders.
What you are going to read is a more concise version of the newsletter. For a detailed summary of DFI’s development over the past week, subscribe below.
Mirror Blockchain expands blogging to the public
This week, Mirror, a decentralized publishing protocol focused on data ownership and free disclosure, expanded its platform to the public market for the first time.
In the previous version, a weekly voting contest using the platform’s local token, WRITE, determined a special list of 10 content creators who could contribute to the platform.
With this announcement, anyone can upload content to the site with an Ethereum Wallet address, as well as export blog posts from external sites such as Medium or Substack. These blogs can then be minted as “entry editions”, an undesirable token feature that allows users to monetize their content.
“Mirror has evolved from a tool for writers to a full-stack Web 3 creative suite for the community and DAO.”
Bank of America bullish on DFI
Bofa Securities, a subsidiary of Bank of America, released an official report this week that ended the bright prospects of digital assets, including the DFI sector, noting that “DFID apps have significant value in the medium term.” The report states:
“Our view is that DFI will not soon replace traditional theoretical financial infrastructure, but its applied technologies will likely increase transparency for existing entities, particularly in the area of tokenization.”
In July 2021, Bank of America launched a crypto research team led by crypto and digital asset strategist Alkesh Shah, dedicated to analyzing and evaluating the cryptocurrency landscape, but this report is one of many published by the group from the beginning.
Assessing the markets from an analytical perspective, the report concludes that more than 17 17 billion was invested in the market in the first half of 2021, an increase of ভূম 5.5 billion from the same period last year.
McArdao also plans to support climate change
Run Christensen, founder of McDaO, released a clear letter on Tuesday proposing a change in the operation of the protocol, which would support climate change initiatives.
The changes could include the assurance that all parallel “sustainable and climate-related resources that take into account the long-term effects of financial activity on the environment.”
In addition, Christensen said the project’s collateral should support “investments in sustainable real-world resources, including solar farms, wind turbines, batteries, recharging stations and other cost-effective renewable energy solutions, as well as their supply chains, sustainable resource acquisition and recycling.”
In addition, Christensen expressed high expectations for the conversion of Etherium to a proof-based sens reduction, which only suggests the return of deposit power for parallel services in Etherium.
Analytical data reveals that the total value of DFIs locked up increased by 12.97% to 13 136.04 billion in the week.
Data from Cointelegraph Markets Pro and Trading View shows that Defy’s Top 100 Tokens have been edited by Market Capitalization Positively Across The last seven days.
The Phantom (FTM) secured the top spot on the podium with an impressive 71.95%. Yearn.finance (YFI) came in second with a respectable 24.94%, while Terra (LUNA) came in third with 22.51%. Fourth and fifth place was claimed by Wrap Bitcoin (wBTC) And Mdex (MDX)) With 22.23% And 21.65% respectively.
Additional DFI stories of the week:
Thanks for reading our summary of this week’s most influential DFI developments. Join us again next Friday for more stories, insights and learning in this dynamically moving space.