It was a busy week for decentralized finance as there were many exciting developments in the DeFi space.
At the beginning of the week, Maker announced their new Governance Security Module and a new set of milestones for the next year. They also released a new system called the ‘Multi-Collateral Dai’, that enables users to lock multiple types of collateral into their Maker Vaults, increasing their loan-to-value ratio.
This week, Celsius announced their new “CusDai” token and released a new product called Earn+, which allows users to earn interest on over 15 different DeFi tokens. As part of this, they announced the Celsius Rewards program, which will offer users rewards in CEL tokens for depositing their funds on the Celsius platform.
The DeFi community was amazed when MakerDAO announced that its MKR token would participate in one of the largest DeFi projects to date, Uniswap. MKR will play a major role in providing liquidity for the growing DeFi project. In addition, MakerDAO also announced the launch of its own DeFi platform called Maker Arcade.
It was a great week for decentralized finance as there were many key developments in the DeFi space. Maker’s Governance Security module, Multi-Collateral Dai and their new DeFi platform, Maker Arcade, are all big advancements for the space. Celsius also introduced new products such as Earn+ and the Celsius Rewards Program, and MKR will now be playing a major role in one of the largest DeFi projects in history. With more exciting developments happening almost daily, it’s clear to see why DeFi is the talk of the town right now.
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