Finance Redefined: Maker founder proposes endgame, Singapore explores DeFi and more

Cointelegraph

Published Jun 03, 2022 04:00PM ET

Updated Jun 04, 2022 06:00PM ET

The past week in the decentralized finance (DeFi) ecosystem saw many new developments, including the rebirth of the Terra 2.0 blockchain. Meanwhile, Binance’s incubation platform Binance Labs launched a $500 million fund to support and promote Web3 adoption.

Singapore’s central bank partnered with JP Morgan to explore DeFi applications in wholesale funding markets by establishing tokenized bonds. KuCoin launched its very decentralized wallet with DeFi and nonfungible token support.

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