After recently raising +$12.5 million, the world’s leading collateral-free lending platform is joining forces with a globally recognized team of Web3 engineers and designers. San Francisco, California, September 2021—TrustToken, the team responsible for launching TrueFi, the leading unsecured lending protocol, and maker of popular stablecoins including TrueUSD, announces the acquisition of EthWorks, a leading Web3 development company with a deep portfolio of successful blockchain projects. The acquisition doubles TrustToken’s team size, quadruples the company’s technical talent, and brings in senior technical and design leadership to take TrustToken’s mission to the next level.
The decentralized finance (DeFi) sector is being faced with increased competition from different parties. Various networks such as Polkadot have sprouted up to offer a more scalable approach compared to Ethereum. With the Ethereum 2.0 upgrade being months away, these platforms are well-positioned to benefit in the short term. Polkadot is trading at $28.02 at the time of writing after a 3.1% dip in 24 hours. Polkadot Price Analysis Source: Tradingview DOT’s dip in the past 24 hours correlates to how altcoins have performed in the same period. Most coins
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