In short its a decentralized corporate credit market powered by UNDERcollateralized loans. $mpl are decentralising institutional borrowing, this is a big deal as this doesn't exist in #DeFi yet.
FinNexus was founded by @wanchain_org, a leading global public blockchain, and Superatom, an indonesia based fintech enterprise with high profile investors.
FinNexus is building an open finance protocol to power hybrid marketplaces that trade
2/ both decentralized and traditional financial products. FinNexus has already launched the first real-world tokenization product called UM1S together with the
process of ICTO github.com/FinNexus/Pdfs/… ,while their decentralized option protocol V1 is due for release in Q3 2020.
Dec 10, 2019 • 9 tweets • 6 min read
1/ Here is the project we believe will take #DeFi by storm in 2020. @PegNetNews was created by the @factom and the #Ethereum community in August 2019. PegNet is a decentralized, non custodial network of tokens pegged to multiple market-defined assets and values. Peg tokens will
2/ be used to convert into stablecoins, precious metals, #cryptocurrencies, #stocks and stock indexes etc. The big thing is that PegNet is offering true #DeFi stablecoins. There is no collateral or reserves. It's all POW CPU mining through LXRHash.