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Digital Reserve Unveiled: DRC’s DeFi Platform for Hedging against Inflation Risks
Mar 4 2021 · 01:00 UTC | Updated
Mar 3 2021 · 18:02 by Benjamin Godfrey · 3 min read
Photo: DRC
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Users who are interested in taking advantage of the product offering from the Digital Reserve (DR) platform can do so by depositing DRC into the system which will first be converted to WETH through the Uniswap router.
Digital Reserve Currency (DRC) has unveiled Digital Reserve, a decentralized finance-focused platform that has the core mantra of hedging against inflation. With the new platform, holders of DRC, which doubles as the network’s native token “will be able to get easy exposure to a basket of the most efficient store of value (SoV) assets to preserve their capital.”
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DeFi users shouldnât wait idly for Eth2 to hit its stride Until Ethereum 2.0 proves it can do what it claims it can do, its full impact on DeFi and other applications remains to be determined. 10988 Total views Opinion
Many people are anxiously observing the launch of Ethereum 2.0 because the media has touted it as a âgame-changerâ for the cryptocurrency industry. Yet the masses seem to forget there are viable alternatives in existence already.
Is Ethereum 2.0 taking too long?
In recent days, there has been ample excitement surrounding Ethereum 2.0. The beacon chain deposit contract successfully achieved enough deposits to launch Eth2 Phase 0 in December 2020. That is only the first stage, however, and full functionality isnât expected to go live within the next two years â or perhaps even longer. Therefore, it will take a while before anyone can see if Ethereum 2.0 can ever do what it claims.