Non-Ethereum Systems Race To Develop DeFi-Friendly Capabilities
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Decentralized Finance (DeFi) aims to create an open-source and transparent financial system available to everyone. EOS is Ethereums’ closest competitor when it comes to becoming a leader in smart contracts and DeFi applications. TRON has released more than two billion USDT stablecoin tokens (TRC-20 standard) on its blockchain. Kava is a cross-chain platform for decentralized finance. It is built on the Cosmos SDK working with Tendermint-based Proof-of-Stake (PoS) consensus mechanism.