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Author: Admin | 2025-04-28
Projects, most of which are built on the Ethereum blockchain. DeFi projects introduced decentralized protocols and opportunities to stake or mint new tokens depending on the underlying smart contract code. As mentioned earlier, staking and minting are closely related. However, it is noteworthy that each concept operates differently in terms of incentives and required resources. Staking is easier than minting as users only need to allocate a significant amount of tokens to their staking wallets. Meanwhile, minting requires one to have already staked a particular amount in the blockchain network. For incentives, minting is more lucrative than staking; the former rewards validators with both staking rewards and incentives for transaction validation while staking only rewards users with the staking rewards. That said, the emergence of flexible DeFi environments is now creating an opportunity for users to mint advanced tokens, including crypto assets that replicate complex traditional financial instruments like derivatives. The Opportunities to Mint New Coins in CryptoThe DeFi ecosystem features several protocols where users can mint new tokens ranging from stablecoins, NFTs and derivative-focused tokens. Some prominent examples include the famous MakerDAO protocol and Premia, a decentralized financial instrument protocol that allows users to create customizable call/put options for various supported assets. MakerDAO The MakerDAO protocol is one of the leading DeFi platforms, with its total locked value (TVL) currently at $6.38 billion. This DeFi protocol allows crypto users to mint DAI stablecoins whose value is equivalent to 1 USD. Essentially, MakerDAO’s smart contracts are coded to act as
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