High APRs on Stocks are Coming to DeFiChain
The last couple of weeks have been one of the busiest for the whole DeFiChain team – everyone has been seriously hard at work to deliver one of the most anticipated new product launches in DeFiChain’s recent history. This is supported by a recent study, conducted by leading research agency Santiment, showing that DeFiChain’s development efforts have outpaced the likes of Uniswap and other DeFi industry heavyweights. Understandably, everyone is eagerly waiting for the next big release — the Fort Canning update. With the update, DeFiChain users will be able to trade stocks, commodities and precious metals in a truly decentralized way. A novel approach, where the price of the underlying asset is tracked by synthetic asset tokens, is paving the way for worldwide accessibility, adoption and a new 24/7 trading experience. What does this mean for the DFI price? Flashback to October 2020 when the overall situation looked about the same as right now: The integration of Liquidity Mining for Bitc...