Algorand's decentralized credit protocol Algofi will be closed until the end of the year - Blockchain

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Algofi, die verbesserte dezentrale Finanzblockchain Algorand für Kreditvergabe und Finanzierung, wird bald geschlossen. Laut einer Nachricht vom 11. Juli haben die Entwickler immer noch Vertrauen in die Stärke der Algorand-Technologie und des neuartigen Konsensalgorithmus. Allerdings wird das Algofi-System bald eingestellt. Die Entscheidung wurde getroffen, da eine Reihe von Ereignissen den Bau und die Wartung der Algofi-Plattform nicht mehr praktikabel machen. Ab dem 1. September werden die Sicherheitsaspekte der ALGO-, vALGO-, STBL-, USD Coin (USDC)-, goBTC- und goETH-Märkte auf den Algofi-Versionen 1 und 2 von 80% auf 0% reduziert. Zudem werden die bestehenden Liquidity Mining-Kurse gestoppt und es werden keine weiteren …
Algofi, the improved decentralized financial blockchain Algorand for lending and financing, will soon be closed. According to a message dated July 11, the developers still have confidence in the strength of algorand technology and the new consensus salgorithm. However, the Algofi system will be stopped soon. The decision was made because a number of events no longer make the construction and maintenance of the Algofi platform practical. From September 1st, the security aspects of the Algo, Valgo, StBl-, USD Coin (USDC), GoBTC and Goeth markets will be reduced from 80% to 0% on the Algofi versions 1 and 2. In addition, the existing liquidity mining courses are stopped and no more will be ... (Symbolbild/KNAT)

Algofi, the improved decentralized financial blockchain algorand for lending and financing, will soon be concluded. According to a message dated July 11, the developers still have confidence in the strength of algorand technology and the new consensus salgorithm. However, the Algofi system will be stopped soon. The decision was made because a number of events no longer make the construction and maintenance of the Algofi platform practical.

From September 1st, the security aspects of the algo, valgo, stbl-, USD coin (USDC), GoBtC and Goeth markets will be reduced from 80% to 0% on the Algofi versions 1 and 2. In addition, the existing liquidity mining courses are stopped and no further suggestions are made. The value of the Algofi process was $ 25 at the time of publication and was therefore below its maximum of $ 135 in February.

In April, the US stock exchange supervisory authority Securities and Exchange Commission (SEC) called for the exchange of cryptocurrency Bittrex and the introduction of a non-listed replacement in the USA. Algorand was one of six tokens that were classified as security by the SEC. This was hung up with the provisional range of Algorand in 2019.

On June 8, the cryptocurrency substitution company Etoro hired the exchange of algo, mana, matic and dashboard tokens for customers in the USA. This was justified with the rapidly developing regulatory landscape. According to the SEC, 68 cryptocurrencies are currently regarded as collateral.

It remains to be seen how the closure of Algofi will affect the Algorand blockchain and what effects this will have on the decentralized financial industry. The developers are still confident about algorand technology and will likely concentrate their efforts on other projects. The future will show how Algorand will develop.