{"id":216490,"date":"2021-04-01T14:21:14","date_gmt":"2021-04-01T11:21:14","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/finance-redefined-the-slow-march-forward-march-24-31\/"},"modified":"2021-04-01T14:21:14","modified_gmt":"2021-04-01T11:21:14","slug":"finance-redefined-the-slow-march-forward-march-24-31","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/finance-redefined-the-slow-march-forward-march-24-31\/","title":{"rendered":"# Finance Redefined: The slow march forward, March 24\u201331"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26225d8d874\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26225d8d874\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-the-slow-march-forward-march-24-31\/#Editors_Note\" >Editor&#8217;s Note<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-the-slow-march-forward-march-24-31\/#Sushi_releases_Kashi\" >Sushi releases Kashi<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-the-slow-march-forward-march-24-31\/#Aave_Polygon_and_the_importance_of_narratives\" >Aave, Polygon, and the importance of narratives<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-the-slow-march-forward-march-24-31\/#In_other_news\" >In other news<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Finance Redefined: The slow march forward, March 24\u201331 <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvMjcxZTlmOWMtN2IyMi00NTBmLWEyYTQtMjNiYjBkYzZmYjkwLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a><em>Finance Redefined is Cointelegraph&#8217;s DeFi-centric <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter contextualizing major events in the previous week. Subscribers receive a copy every Wednesday.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Editors_Note\"><\/span>Editor&#8217;s Note<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This is one of those weeks where it\u2019s hard to find a central topic for this newsletter. There weren\u2019t any big scandals or releases, more like a slow grind with a few projects launching new features, others announcing their fancy investment round, while every celebrity and their mother keeps dropping NFTs. Snoop Dogg is the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SnoopDogg\/status\/1376980957228507137?s=20\">latest<\/a>, I believe?<\/p>\n<p>I suppose a fair question to ask is, \u201cwhy NFTs and not DeFi?\u201d The answer is money. NFTs are currently making stupendous amounts of money to their sellers, not unlike the DeFi yield farming mania of the summer of 2020. In crypto, money is always the answer.<\/p>\n<p>NFTs too shall pass, but like other past trends in crypto, this current rise may leave behind a residue that\u2019s much larger than what we started with.<\/p>\n<p>I would say DeFi is in its \u201caccumulation\u201d stage right now, and that\u2019s why we\u2019re seeing a steady stream of releases and investments, without any of them really rocking the ecosystem. Market conditions are not helping either, as we\u2019re still in a wavering stage that needs to ultimately resolve itself. Maybe we\u2019ll resume the bull run shortly, maybe we won\u2019t. I\u2019ve come to understand that timing the market\u2019s top is fairly easy, the problem is that there are so many \u201ctops\u201d in a crypto year that it becomes difficult to tell a local correction from a global peak.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sushi_releases_Kashi\"><\/span>Sushi releases Kashi<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One of the bigger developments this week was SushiSwap finally deploying BentoBox and Kashi, a margin lending platform. What distinguishes it from platforms like Compound or Aave is its segregated <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach to risk. Kashi uses separate vaults for each pair of lendable assets, meaning, for example, that putting Ether into an ETH-SUSHI vault does not let you draw UNI from the ETH-UNI vault. <\/p>\n<p>The segregated approach allows higher risk tolerance. A spectacular collapse in value of some small and illiquid coin does not affect anything but its own vault. This means that SushiSwap can create margin trading pairs for even the smallest of projects without suffering structural risk. With the upcoming Kashi V2, the act of creating lending vaults will even become permissionless, similar to creating AMM pools.<\/p>\n<p>Margin trading is the lifeblood of DeFi. Margin traders paying for the privilege of shorting your coins (or dollars) in Compound or Aave are the source of your \u201crisk-free\u201d yield when supplying capital. Expanding margin trading to more coins adds capacity for more capital chasing those sweet DeFi APYs across the entire market.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Aave_Polygon_and_the_importance_of_narratives\"><\/span>Aave, Polygon, and the importance of narratives<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Aave and Zapper have just announced an integration into Polygon, the sidechain and layer-two ecosystem formerly known as Matic Network. <\/p>\n<p>The choice comes as an obvious consequence of the high gas fees on Ethereum, which have been pricing out a lot of smaller users for quite some time now. However, Aave\u2019s destination is quite curious. Up until the rebranding, Matic was a weird mix of a competitor and addition to the Ethereum ecosystem. It ran a Plasma network, but most projects preferred to build on its smart contract-enabled \u201csidechain.\u201d <\/p>\n<p>The Matic sidechain is, in reality, an independent blockchain that simply lets you bridge assets back and forth from Ethereum. In order to qualify as a proper sidechain, it should have used ETH or at least something like DAI to pay for transaction fees \u2014 instead it uses MATIC tokens. Under Matic\u2019s very loose definition, Polkadot, Near, Avalanche and Binance Smart Chain would all be sidechains of Ethereum.<\/p>\n<p>But imagine the backlash if Aave announced it would move to Near or BSC \u2014 it would be seen as nothing less than betraying Ethereum. I\u2019ve witnessed how projects like Balancer or Curve downplayed their involvement with \u201cthe enemy\u201d after agreeing to release news of an integration with an external platform. Though, to be fair, these other platforms were also probably jumping the gun on the announcement.<\/p>\n<p>Either way, Polygon\u2019s rebranding and shift into a \u201cPolkadot on Ethereum\u201d strategy is paying dividends for public perception. Even if, in practice, moving to Matic is for now equivalent to moving to BSC. That may change with future releases of the Polygon SDK and other tech solutions, but narratives seem to be the main drivers of the scalability platform choice right now. <\/p>\n<p>I\u2019d argue that being \u201cEthereum-native\u201d is the only reason people are even considering using Optimistic Rollups, the \u201cdarling\u201d of the Ethereum layer-two solutions that carries impressive usability flaws.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"In_other_news\"><\/span>In other news<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Liquity Protocol raises $6M from Pantera and other big players.<\/li>\n<li>Aave Ventures (and others) invest into derivatives CEX Delta Exchange.<\/li>\n<li>Kava got ready to release major V5 upgrade, but failed to reach quorum on governance.<\/li>\n<li>Moonbeam raises $6 million to develop its Ethereum \u201csidechain\u201d on Polkadot.<\/li>\n<\/ul>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/finance-redefined-the-slow-march-forward-march-24-31\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Finance Redefined: The slow march forward, March 24\u201331 &#8221; Finance Redefined is Cointelegraph&#8217;s DeFi-centric newsletter contextualizing major events in the previous week. Subscribers receive a copy every Wednesday. Editor&#8217;s Note This is one of those weeks where it\u2019s hard to find a central topic for this newsletter. There weren\u2019t any big scandals or releases,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":216491,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvMjcxZTlmOWMtN2IyMi00NTBmLWEyYTQtMjNiYjBkYzZmYjkwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74877,74868,74891,77595,4965],"class_list":["post-216490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-decentralized-exchange","tag-defi","tag-ethereum","tag-lending","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/216490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=216490"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/216490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/216491"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=216490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=216490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=216490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}