Definition DeFi (or “decentralized finance”) is an umbrella term for financial services on public blockchains, primarily Ethereum. With DeFi, you can do most of the things that banks support — earn interest, borrow, lend, buy insurance, trade derivatives, trade assets, and more — but it’s faster and doesn’t require paperwork or a third party. As with …
Amidst growing NFT and DeFi use, Solana continues its propulsive rise and dethrones the leading meme coin.
Lido Finance, a liquid staking protocol which currently supports Ethereum 2.0 and Terra blockchains, has expanded to Solana. The news means Lido’s users can now stake Solana’s native SOL token through the protocol and receive stSOL in return.
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