{"id":457325,"date":"2022-06-03T23:00:00","date_gmt":"2022-06-03T20:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/finance-redefined-maker-founder-proposes-endgame-singapore-explores-defi-and-more\/"},"modified":"2022-06-03T23:00:00","modified_gmt":"2022-06-03T20:00:00","slug":"finance-redefined-maker-founder-proposes-endgame-singapore-explores-defi-and-more","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/finance-redefined-maker-founder-proposes-endgame-singapore-explores-defi-and-more\/","title":{"rendered":"# Finance Redefined: Maker founder proposes endgame, Singapore explores DeFi and more"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 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-6a393315062a1\" 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-6a393315062a1\" 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-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-maker-founder-proposes-endgame-singapore-explores-defi-and-more\/#%E2%80%9D_Finance_Redefined_Maker_founder_proposes_endgame_Singapore_explores_DeFi_and_more_%E2%80%9C\" >&#8221; Finance Redefined: Maker founder proposes endgame, Singapore explores DeFi and more  &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-maker-founder-proposes-endgame-singapore-explores-defi-and-more\/#Maker_founder_proposes_MetaDAOs_and_synthetic_ETH_in_%E2%80%98Endgame_Plan\" >Maker founder proposes MetaDAOs and synthetic ETH in \u2018Endgame Plan\u2019<\/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-maker-founder-proposes-endgame-singapore-explores-defi-and-more\/#Binance_Labs_500M_fund_to_catalyze_crypto_Web3_and_blockchain_adoption\" >Binance Labs\u2019 $500M fund to catalyze crypto, Web3 and blockchain adoption<\/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-maker-founder-proposes-endgame-singapore-explores-defi-and-more\/#Singapore_to_explore_digital_asset_tokenization_on_public_chains\" >Singapore to explore digital asset tokenization on public chains<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-maker-founder-proposes-endgame-singapore-explores-defi-and-more\/#KuCoin_plugs_into_Web3_with_new_decentralized_wallet\" >KuCoin plugs into Web3 with new decentralized wallet<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-maker-founder-proposes-endgame-singapore-explores-defi-and-more\/#DeFi_market_overview\" >DeFi market overview<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Finance_Redefined_Maker_founder_proposes_endgame_Singapore_explores_DeFi_and_more_%E2%80%9C\"><\/span>&#8221; Finance Redefined: Maker founder proposes endgame, Singapore explores DeFi and more  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>The past week in the decentralized finance (DeFi) ecosystem saw many new developments, including the rebirth of the Terra 2.0 blockchain. Meanwhile, Binance\u2019s incubation platform Binance Labs launched a $500 million fund to support and promote Web3 adoption.<\/p>\n<p>Singapore\u2019s central bank partnered with JP Morgan to explore DeFi <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>lications in wholesale funding markets by establishing tokenized bonds. KuCoin launched its very decentralized wallet with DeFi and nonfungible token support.<\/p>\n<p>The top-100 DeFi tokens showed signs of a breakout from a month-long bearish trend, with most of the tokens showing overall gains in the past seven days.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Maker_founder_proposes_MetaDAOs_and_synthetic_ETH_in_%E2%80%98Endgame_Plan\"><\/span>Maker founder proposes MetaDAOs and synthetic ETH in \u2018Endgame Plan\u2019<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>MakerDAO co-founder Rune Christensen has issued a new monumental proposal to push the project into its final form called The End<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> Plan. <\/p>\n<p>Across 3,000 words, including 35 detailed infographics, Christensen explained that the current model of governance at Maker creates a deadlock, making it difficult for the protocol to effectively process \u201ccomplicated real-world financial deals\u201d and compromising its competitiveness with financial institutions.<\/p>\n<p>Continue reading<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Binance_Labs_500M_fund_to_catalyze_crypto_Web3_and_blockchain_adoption\"><\/span>Binance Labs\u2019 $500M fund to catalyze crypto, Web3 and blockchain adoption<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Binance Labs, the investment arm of crypto giant Binance, launched a $500 million fund in partnership with global investors including DST Global Partners and Breyer Capital to drive innovation across the crypto, Web3 and blockchain landscape.<\/p>\n<p>Binance Labs plans to allocate the latest $500 million fund to projects across various stages: incubation, early-stage and late-stage growth.<\/p>\n<p>Sharing his take on accelerating the adoption of the crypto ecosystem, Binance CEO\u00a0Changpeng Zhao\u00a0noted the importance of a connection between values, people and economies.<\/p>\n<p>Continue reading<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Singapore_to_explore_digital_asset_tokenization_on_public_chains\"><\/span>Singapore to explore digital asset tokenization on public chains<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Monetary Authority of Singapore (MAS) has launched Project Guardian, a blockchain-based digital assets trial that will use tokenization. The project will include regulated financial institutions serving as \u201ctrust anchors,\u201d with a pilot involving JP Morgan, DBS Bank and Marketnode, the SGX joint venture for bonds.<\/p>\n<p>The Project Guardian initiative, which was announced during the Asia Tech x Singapore Summit on Tuesday, was spearheaded by Deputy Prime Minister and Coordinating Minister for Economic Policies Heng Swee Keat. It will see MAS explore DeFi applications in wholesale funding markets by establishing a liquidity pool of tokenized bonds and deposits to execute borrowing and lending on a public blockchain-based network.<\/p>\n<p>Continue reading<\/p>\n<h2><span class=\"ez-toc-section\" id=\"KuCoin_plugs_into_Web3_with_new_decentralized_wallet\"><\/span>KuCoin plugs into Web3 with new decentralized wallet<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cryptocurrency trading platform KuCoin has launched a new decentralized wallet platform as interest in Web3 continues to gather steam. <\/p>\n<p>KuCoin Wallet is now live for users, with the browser-based platform paving the way for a mobile application, which is still in development.<\/p>\n<p>The platform plugs into the KuCoin ecosystem and features cross-blockchain integration. Users will be able to buy, sell, trade and send a variety of cryptocurrencies, including Bitcoin (BTC), Ether (ETH) and Tether (USDT), in addition to other tokens.<\/p>\n<p>Continue reading<\/p>\n<h2><span class=\"ez-toc-section\" id=\"DeFi_market_overview\"><\/span>DeFi market overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Analytical data reveals that DeFi\u2019s total value locked saw a trend reversal, with the value reaching above $80 billion again. Data from Cointelegraph Markets Pro and TradingView reveals that DeFi\u2019s top 100 tokens by market capitalization registered a week filled with volatile price action but broke out of the bearish trend over the past couple of days.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-06\/544dba20-85d5-4af9-a952-c605e193f072.png\"><\/figure>\n<p>The majority of the DeFi tokens in the top-100 ranking by market cap traded in the green, Aave (AAVE) was the biggest gainer with a 10.42% surge, followed by CurveDAO (CRV) with 10%. Theta Network (THETA) registered an 8% price rise, while Chainlink (LINK) grew 7%. <\/p>\n<p>The relaunched Terra 2.0 network, which was listed by major exchanges following its revival on May 28, has seen a volatile price action since then. The Terra (LUNA) price fell by 70% on the first day of its trading and currently trading at one-third of its listing price.<\/p>\n<p><em>Thanks for reading our summary of this week\u2019s most impactful DeFi developments. Join us again next Friday for more stories, insights and education in this dynamically advancing space.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/p>\n<\/div>\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 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> 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-maker-founder-proposes-endgame-singapore-explores-defi-and-more\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Finance Redefined: Maker founder proposes endgame, Singapore explores DeFi and more &#8220; The past week in the decentralized finance (DeFi) ecosystem saw many new developments, including the rebirth of the Terra 2.0 blockchain. Meanwhile, Binance\u2019s incubation platform Binance Labs launched a $500 million fund to support and promote Web3 adoption. Singapore\u2019s central bank partnered&#8230;<\/p>\n","protected":false},"author":1,"featured_media":457326,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvMDNjZTdlMGMtMGU2Ni00ZmNiLWE5ODUtYjVkMTlmY2Y1NWE2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,75186,74868,76700,122378,70792,5012],"class_list":["post-457325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-dao","tag-defi","tag-makerdao","tag-terra","tag-jpmorgan-chase","tag-singapore"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/457325","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=457325"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/457325\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/457326"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=457325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=457325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=457325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}