Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Editorial Policy
    • Submit Press Release
  • Disclaimer
  • Cryptocurrency
  • News

Charles Hoskinson Hints at Cardano’s Foray into Decentralized Finance (DeFi)

Tobi Loba August 31, 2020 2 min read
Charles Hoskinson: Cardano (ADA) Goguen Launch Remains as Slated; New Yoroi Extension for Mary Released

The CEO of IOHK, Charles Hoskinson, who co-founded Cardano (ADA) has recently hinted at Cardano’s possible advancement into decentralized finance (DeFi).


trade now

Hoskinson shared this during the recent AMA conducted on YouTube. There, he spoke on the effort presently exerted on DeFi.

Charles Hoskinson noted:

“For example, we’ve partnered with Emrugo, and we’re right now working on the logistics of a stable coin with them that we’re going to be building first on ergo to verify everything works correctly, and then we’ll pull it over into Cardano and this is going to be an algorithmic stablecoin.

We think it’ll be significantly better than MakerDAO. That’s just one of many DeFi things that are going on right now”

The creator of Cardano also spoke about his direct involvement in a lot of discussions about decentralized finance (DeFi), to ensure that they are properly resourced and have the right people working on them.

In the course of the AMA, Hoskinson spoke about the positive influence of DeFi on Ethereum, noting that the first-mover advantage is a disadvantage.

He said:

“Those network effects were ephemeral and often covered with mistakes and scars and explosions. You actually want to be in the imitator the second-mover category for DeFi, and I think we’ll have a lot more luck than the first movers did in the space.”

The Take of Binance CEO on DeFi

At the moment, over 5.1 million ETH worth around $7.8 billion as of the time of writing has been locked in various DeFi applications. However, some crypto big guns have been showcasing skepticism towards the future of the trending DeFi.

The CEO of Binance, Changpeng Zhao, is of the opinion that only a few of the DeFi projects will stand the test of time, while the majority of them would end up like the embattled Yam Finance protocol.

Join us on Twitter

Join us on Telegram

Join us on Facebook

Trade Now

Continue Reading

Previous: David Schwartz Speaks On the Validity of Claiming Spark Tokens and Safety of XRP Holders
Next: Our Commentary On News about IOTA Is False –Weiss Ratings Apologizes

Related Stories

UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer
2 min read
  • Altcoins
  • Crypto Trading
  • Cryptocurrency
  • News
  • Terra (LUNA)

UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer

May 26, 2022
ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
2 min read
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Price Analysis

ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase

May 25, 2022
Do Kwon Intends To Make Terra Classic By Forking LUNA Blockchain
2 min read
  • Blockchain
  • Cryptocurrency
  • Terra (LUNA)

Do Kwon Intends To Make Terra Classic By Forking LUNA Blockchain

May 25, 2022

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$29,395.00
-0.86%
ethereum
Ethereum (ETH)
$1,858.63
-5.33%
tether
Tether (USDT)
$1.00
0.03%
usd-coin
USD Coin (USDC)
$1.00
0.10%
binancecoin
BNB (BNB)
$312.83
-4.33%
ripple
XRP (XRP)
$0.394180
-1.98%
Binance USD
Binance USD (BUSD)
$1.00
0.46%
cardano
Cardano (ADA)
$0.490287
-4.10%
dogecoin
Dogecoin (DOGE)
$0.079235
-5.01%
polkadot
Polkadot (DOT)
$9.36
-5.29%

Recent Posts

  • UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer
  • ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
  • CharterPrime Review – Is CharterPrime Scam or a Proper Broker?
  • Do Kwon Intends To Make Terra Classic By Forking LUNA Blockchain
  • Grayscale Is Planning On Listing Its First European Exchange Traded Fund
  • Celsius Is Planning On Taking Its Crypto Mining Business Public
  • Terra Team May Not Redeem Promised Refunds, Especially For Smallholders – Whistleblower
  • Coinbase Adds BNB Chain And Avalanche To Token Swap Service
  • Richardson Lewis Review – Is Richardson Lewis Scam or a Proper Broker?
  • PancakeSwap Guide 2022 – Everything You Need To Know About This DEX
  • Polkadot-based Smart Contract, T3rn Deploys Latest Testnet
  • Uruguayan Authorities Launch Campaign Against Crypto Scams
  • GameStop Announces The Launch Of A Crypto Wallet
  • Litecoin To Be Delisted Out Of Major Crypto Exchanges
  • Here’s Why Bitcoin’s Price Might Rise Above $30.6K

Disclaimer

This website may have financial affiliations with some (not all) of the brands and companies mentioned on this website. Information found on Herald Sheets represents those of writers quoted. It does not represent the opinions of Herald Sheets on whether to buy, sell, or hold any investment assets. Investors must do their own research before investing their money and only do so at their own risk.

Categories

You may have missed

UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer
2 min read
  • Altcoins
  • Crypto Trading
  • Cryptocurrency
  • News
  • Terra (LUNA)

UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer

May 26, 2022
ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
2 min read
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Price Analysis

ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase

May 25, 2022
CharterPrime Review – Is CharterPrime Scam or a Proper Broker?
3 min read
  • Cryptocurrency Brokers News and Reviews

CharterPrime Review – Is CharterPrime Scam or a Proper Broker?

May 25, 2022
Do Kwon Intends To Make Terra Classic By Forking LUNA Blockchain
2 min read
  • Blockchain
  • Cryptocurrency
  • Terra (LUNA)

Do Kwon Intends To Make Terra Classic By Forking LUNA Blockchain

May 25, 2022
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%