Survey Highlights the Need for Simplicity in DeFi for Wider Adoption, Uniswap Finds
![Survey Highlights the Need for Simplicity](https://bytepowerx.com/wp-content/uploads/2023/06/article-10-1024x577.png)
A recent survey conducted by the team behind Uniswap, a leading decentralized exchange (DEX), has indicated that decentralized finance (DeFi) protocols need to be simplified to facilitate broader adoption. The survey results were summarized in a report, which emphasized that DeFi represents a simpler and more accessible technology stack for financial markets. Uniswap described DeFi […]
UK Government Seeks Public Input on Tax Revisions for DeFi Lending and Staking Activities
![UK Government Seeks Public Input on Tax Revisions for DeFi Lending](https://bytepowerx.com/wp-content/uploads/2023/06/11-1024x577.png)
The UK government is considering tax revisions for decentralized finance (DeFi) lending and staking activities, according to a consultation document released by the government. The aim of the consultation is to gather public opinions and insights on tax modifications related to DeFi transactions, with a focus on aligning taxation with the underlying economic substance of […]