Marie Tatibouet, CMO at Gate.io said:

Gate.io’s focus has been selecting high-quality and innovative DeFi projects to provide our users with the most interesting Defi options. Since August this year, we have also been working on our DeFi ecosystem. It is being built on our highly-secure public chain, GateChain. Our DeFi network will feature a stablecoin (USDG), Decentralized Exchange (DEX), Decentralized loan, and liquidity mining.

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Soon to be launched Ethereum 2.0 is expected to bring extensive improvements in transaction speed, throughput and interoperability. The DeFi community is also focused on the technological changes in its proof of stake mechanism on which most of the DeFi coins are built.

Tatibouet added:

We could see a more pragmatic and scalable form of decentralized finance with Ethereum 2.0. Right now, Ethereum can only manage about 25 transactions per second, which is not enough for DeFi protocols anyway, and more so, given the DeFi demand surge we witnessed in the last few months.

While Ethereum 2.0 has been highly anticipated in 2020, it will be interesting to see its effect on the overall cryptocurrency ecosystem, including DeFi.

Read More:

• Gate.io launches Wallet S1 with fingerprint recognition technology
• Gate.io teams up with Travala for integration of GateToken payments
• Digital asset exchange Gate.io launches Options trading feature

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