What are the latest DeFi integrations focusing on?
For many, DeFi was the hot property of 2020, thanks to the growth it recorded over the course of the year. In fact, while at the beginning of 2020 the TVL was a “mere” $675 million, the figure had risen to just under $15 billion, at the time of writing.
It is, therefore, no surprise that more and more players want to get into this space and lately, protocols have been actively pursuing partnerships with the end goal of making the DeFi space more inclusive and accessible, particularly for institutions.
To that effect, digital asset security provider Curv has now partnered with Consensys to launch an enterprise-grade DeFi solution for institutions.
Through this endeavor, Curv will leverage MetaMask’s DApp interoperability and user interface (UI) to provide clients with an offering that combines ease-of-use with enterprise-controls and enforcement mechanisms institutions require to build out their DeFi strategies.
Interestingly, another recent partnership that made headlines was the one between Waves and Bonded platform, a partnership that will commence with the listing of the WAVES ERC-20 token on Bonded. As a result of the WAVES ERC-20 integration into the Bonded network’s smart instruments, the token will serve as collateral in Bonded smart contracts.
The Bonded platform claims to be making use of algorithmic models to lock, unlock, aggregate, and de-risk capital, while also developing products based on a commodity index, a relatively new instrument for the crypto-space. According to Sten Laureyssens, Strategic advisor for the Waves Association,
“Waves shares Bonded’s approach of making the DeFi space inclusive and accessible by mass users thanks to the arrival of new products.”
The fact that there is now some focus on making the DeFi space more accessible to the masses suggests that it may be time to dispel previous hypotheses around a likely “DeFi bubble.” Like the larger crypto-market before it, DeFi may finally be attempting to gain genuine recognition from the mainstream public. Integrations such as the ones listed above, integrations that aim to make the space more of an attractive option to outsiders, are steps in that direction.