Which DeFi projects are expected to benefit the most from BlackRock's investment
MakerDAO, a leading DeFi 1.0 project, is expected to benefit significantly from BlackRock's $1 billion investment in the sector. MakerDAO is working on a $1 billion initiative to tokenize real-world assets (RWAs), which aligns with BlackRock's focus on enhancing the legitimacy and liquidity of DeFi projects.
Other notable DeFi 1.0 projects that could see gains include:
- DeFi Pulse Index (DPI), a capitalization-weighted index tracking the performance of some of the largest DeFi protocols
- Pendle, a permissionless yield-trading protocol enabling users to manage yield strategies through yield tokenization
- Synthetix, a decentralized protocol providing liquidity for synthetic assets
The integration of real-world assets (RWAs) into DeFi, as seen in BlackRock's BUIDL fund, is expected to accelerate the growth and adoption of the sector. Projects in this space aim to channel yield and assets from the traditional economy into the digital space, leveraging the advantages of tokenization.
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