Age of the DAO: DevCon 5 Boosts Popularity of Decentralized Finance

The march of decentralized finance and DAO entities on the network is growing. Recent observations show a marked increase of mentions during the latest edition of DevCon in Osaka, Japan.

https://twitter.com/henrihyvarinen/status/1183676829145665536

The first DAO, the one which met with an unfortunate smart contract exploit, did not bring about the wave of popularity. Now, a DAO is mostly an entity dedicated to forms of crypto-based collateralized lending, or decentralized finance. The Maker DAO, as well as smaller organizations like the Moloch DAO, are gaining speed.

Lately, decentralized apps on Ethere…

This article appeared first on Cryptovest

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