2 Minutes

SelfKey Progress Report for August 2020

We are proud to bring you the progress report for the month of August, a month filled with major announcements and updates.
04 Sep 2020
Sree
SelfKey Voyage Report - August 2020

This past month has seen important developments in terms of the SelfKey ecosystem. We have published a document with the details of a proposed secondary governance token.

The governance token is proposed to:

  • Co-exist with the KEY token.
  • Incentivize our users with rewards.

We need your valuable feedback on this proposal and you can provide the same by completing this 2-minute survey.

Partnerships

Sors Digital Assets Join Hands with Selfkey

Founded by a mix of bankers, lawyers, and technologists, Sors provides a one-stop destination for companies, institutions, and funds to take advantage of the benefits of asset tokenization. The core vision of the company is to expand the scale and efficiency of the global markets through distributed ledger technology and asset digitalization. Sors operates from Hong Kong for Asia, and from Ireland for Europe.

Read the full announcement here.

Proformance Loans Joins SelfKey Loans Marketplace

Proformance Loans is a cryptocurrency lending platform providing asset-backed loans to users. Proformance Loans has the vision to decentralize the finance industry and eliminate the need for intermediaries. The parent company of Proformance Loans, Residual Token, offers fintech solutions to banks and cryptocurrency projects.

Read the full announcement here.

SelfKey Partners with Polkadot

Polkadot is a flagship project by Web3 Foundation, a Swiss Foundation founded to facilitate a fully functional and user-friendly decentralized web.

Read the full announcement here.

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Fresh content

DeFi: A Viable Investment?

Prospects and benefits of DeFi as an investment, when compared to traditional investments. The article discusses the major factors that diversify DeFi from the traditional investment opportunities, and how users can benefit from DeFi when compared to some of the traditional investment methods.

Read the full article here.

DeFi- Open to All

The article discusses how DeFi sets itself apart from the centralized financial product. The major advantage of DeFi being accessible to any user from any background around the world as opposed to some of the traditional financial products.

Read the full article here.

Undercollateralized Loans: The Future of DeFi?

DeFi has brought many innovations and products to the market. One such product, which is also widely regarded as the future of DeFi is undercollateralized loans.

Read the full article here.

That’s all for this month. Check out our previous Progress Reports here. Thanks for reading and stay safe.

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