MakerDAO And CryptoLocal Form A Partnership
Peer-to-peer platform CryptoLocally has announced a strategic partnership with MakerDAO.
The focus of the partnership is on raising awareness and acceptance of the rapidly evolving area of Decentralised Finance (DeFi). Interestingly, MakerDAO is the creator of the popular DAI decentralised stablecoin. Both platforms see the goal of the collaboration to raise public awareness of DeFi and blockchain in general. CryptoLocally also said their focus is on the underdeveloped and developing countries of the world. The partnership will make P2P platforms available to them.
By giving citizens financial security and control over their funds, DeFi has the potential to transform the financial sector in these countries, according to CryptoLocally. However, in order to get this revolutionary innovation, they must first learn everything about them. Therefore, to achieve these goals, a strategic partnership was formed between CryptoLocally and MakerDAO.
MakerDAO already has experience and representatives in Ghana, South America and other regions. Also, joint plans include the creation and development of a large number of local communities, the purpose of which will be to popularise, explain and teach the basics of DeFi, blockchain and cryptocurrency. The collaboration between MakerDA and CryptoLocally brings the creation of a global inclusive financial ecosystem closer. A system that will become available to everyone and understandable to every user, especially in underdeveloped regions of the world and developing countries.
CryptoLocally Platform is a well-known P2P cryptocurrency platform that has its own GIV token. The platform has a high level of security thanks to the smart contract storage function. It is a decentralised platform where users receive a GIV token for every successful transaction on the platform. CryptoLocally also recently opened a DeFi feature called a financial wallet. Now users just need to encrypt USDC, DAI, ETH, USDT, UNI, GIV, to receive a reward. It's worth noting that CryptoLocally is also the first P2P platform to integrate DeFi components on its platform.
GIV's capitalisation is $535 362, daily trading volume is $15 316, with the current price of $0.00391833.
MakerDAO is the DAI stablecoin platform. The Multi-Pledged DAI (MCD) protocol helps generate DAI tokens. The platform also has a dedicated governance token called MKR. MKR token holders control activities on the MakerDAO platform. DAI is a decentralised, stable currency pegged to the US dollar. Stablecoins are immune to hyperinflation and are designed to provide economic freedom for everyone, regardless of their geographic location.
DAI capitalisation is $950,748,267, daily trading volume is $113,898,198, at the current price of $1.01.