Finance Redefined: MetaMask institutional offering, Polygon to go carbon neutral, and more
The decentralized finance (DeFi) world saw another week of increased on-chain and developer activity while token prices entered the second week of the bear market, with many of the tokens bleeding in double digits over the past week. MetaMask expanded its institutional offering by partnering with four institutional custodians, while Polygon has pledged to go carbon neutral.
We will also look at how users can bridge different tokens to the Polygon network and look into Reputation DAO, a project that collateralizes users’ private information for DeFi loans.
DeFi wallet and browser extension MetaMask formed a new strategic partnership with four major crypto custodians: Gnosis Safe, Hex Trust, GK8 and Parfin.
MetaMask Institutional, the institutional version of the popular Ethereum wallet MetaMask, announced on Wednesday that the new integration will provide decentralized autonomous organizations (DAOs) with key management tools to participate in DeFi activities.
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Bridging assets could help solve issues like scalability, speed and high fees. Bridging means users can move their tokens between blockchain networks quickly and cost-effectively.
The Polygon Bridge is used for cross-chain transactions between the Polygon and Ethereum blockchains. It allows users to transfer ERC tokens and NFTs to the Polygon sidechain through smart contracts. This guide will show you how to bridge Polygon with other blockchains.
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An ambitious new decentralized autonomous organization has built a data service for lending platforms that records a user’s financial reputation to reduce the amount of collateral needed for a loan. It has partnered with Chainlink and that protocol’s founder, Sergey Nazarov, is an early backer.
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