Questions tagged [defi]

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7
votes
1answer
165 views

Is there an equivalent to the Wallet Connect protocol in the Cardano ecosystem?

With the Alonzo update approaching, many teams seem to be working on DeFi projects that will go out along the Smart Contracts feature. On Ethereum, most DeFi projects use the Wallet Connect open ...
6
votes
3answers
279 views

Are there any plans to have a bridge between the Cardano and Cosmos blockchains?

Are there any plans to have a bridge between the Cardano and Cosmos blockchains? Cosmos is working on the gravity-bridge which is a bridge between Ethereum and Cosmos so I assume there must be some ...
3
votes
1answer
47 views

How are DeFi projects funded (beyond Project Catalyst & external funds)

How do DeFi projects such as Uniswap or Synthetix make money to cover their development costs? Would you siphon a small amount of ADA each transaction or is it more common to create your own token and ...
2
votes
2answers
65 views

What is the point of borrowing on Defi

In order to take out a loan on a Dapp you have to come with collateral. Whatever you cannot pay back on the loan, you lose that amount in collateral and the interest accrued. That being the case what ...
1
vote
0answers
12 views

When there are multiple liquidity pools for the same pair on SundaeSwap, which one is used for my trade?

Let's say we have two liquidity pools for token X and ADA (X/ADA) pool 1 has 10 X and 10 ADA locked -> price is 1 pool 2 has 20 X and 10 ADA locked -> price is 2 What happens if I buy X/ADA ...
1
vote
1answer
104 views

How does Cardano differentiate itself in the DeFi space?

How does Cardano differentiate itself in the DeFi space? What's the fastest way to start experimenting with applications?