Pontoon Finance Raises $3.2 Million In Funding with Testnet Version Ready for Launch

Blockchain has been one of the greatest advancements we’ve witnessed in the past few decades and maybe even in history. Bitcoin creator Satoshi Nakamoto created it with a view to upend traditional financial institutions and remove the middleman from the majority of transactions. Based on a trustless system where ‘miners’ authenticate transactions through a consensus mechanism, Bitcoin revolutionized the way we use and think about money. Since then a host of technologies have been developed based on the groundwork made by the anonymous Satoshi. Now, Bitcoin, Ethereum, Binance, and many others are now household names in many places. The road to actualization has been rocky and cryptocurrency’s popularity has allowed for new developments within and outside the space. One such innovation is decentralized finance(DeFi). As crypto has gotten increasingly popular, it has also become very centralized with a few big players taking up most of the liquidity and market share. DeFi is the revolt against that. Rather than relying on centralized exchanges, it puts the power back in the hands of the individual users. In place of these intermediaries, it uses programs called smart contracts to automate these transactions and ensure trustlessness. Problems with Decentralization The problem with this decentralization is that it has become fragmented. With new projects popping all over the place, the Defi space can sometimes seem like whack-a-mol...