tag: defi

Decentralized Finance (DeFi) has taken the blockchain world by storm, offering new ways for individuals to access financial services without the need for traditional financial institutions. However, for DeFi to truly succeed, it must be able to interact with the real-world data that is necessary for financial applications to function properly. This is where Oracles come in.

Today, we’re shining the spotlight on Unmarshal, who is providing multi-chain data infrastructure on Kadena and offering simplified access to DeFi, NFT, and Metaverse data. Unmarshal’s data indexing protocol will allow builders to seamlessly access on-chain data for DeFi applications!

Kadena, the first blockchain technology company to come out of J.P. Morgan’s Blockchain Center for Excellence, and Celo, an open platform that makes financial tools accessible to anyone with a mobile phone, are announcing a partnership. As part of the collaboration, Kadena is joining the Alliance for Prosperity. The partnership will see both Celo’s cUSD stablecoin and Kadena’s KDA token interoperate on both platforms via a trustless bridge relay, increasing utilization for both tokens.

Kadena, the first blockchain technology company to come out of J.P. Morgan’s Blockchain Center for Excellence, and programmable money leader Terra are partnering to contribute their combined expertise towards expanding the DeFi ecosystem. Kadena will add Terra’s Luna stablecoin to the multi-protocol Kadenaswap DEX that will utilize Kadena’s 20-chain sharded and scalable layer-1 public blockchain. This collaboration highlights how Kadena is well positioned to help DeFi scale with high throughput and low gas costs, enabling innovative products like Terra’s Luna stablecoin to accelerate adoption.

Kadena, the first blockchain technology company to come out of J.P. Morgan’s Blockchain Center for Excellence, today announced a multi-protocol decentralized exchange (DEX) named Kadenaswap. Kadenaswap will utilize Kadena’s 20-chain sharded and scalable layer-1 public blockchain with 480,000 transactions per second capability. The company also announced community onboarding initiatives such as partnering with ZelCore on full-node incentivization for miners, offering a free month of gas during October 2020, and launching a developer engagement program.

On September 1, Ethereum set a new record for high gas prices, with a single DeFi transaction costing over $10 in fees. High fees are the result of congestion, as users pay ever higher fees to ensure their transaction gets into a block. Gas on Ethereum can be seen as “block space rent” and many are saying the rent is too damn high.