Sberbank set to release DeFi platform by May

On Feb. 3, Sberbank, Russia’s biggest bank, announced that it plans to launch a DeFi platform, which will offer the latest decentralized finance technology. 

Russia’s leading bank ready to roll out DeFi

Sberbank is preparing to launch a DeFi platform offering the latest decentralized finance technology. The open testing phase is set to begin soon, and it will launch the platform before May 2023. 

According to a statement by Konstantin Klimenko at the 7th Perm Economic Congress, the goal is to make the Russian DeFi ecosystem the top decentralized finance system. The network has been undergoing closed beta testing.

“We aim to make the Russian DeFi system the best in the game! Right now, we’re in a testing phase, but starting Mar 1, it’ll be open to everyone to try out.”

Sberbank.

Sberbank’s DeFi Platform to Enter Open Testing in March

Sberbank announced that it is launching the new DeFi platform on the Ethereum blockchain and will be open for testing by Mar. 1, 2023. The platform will allow users to do all sorts of financial stuff like lend, borrow, and trade.

Konstantin Klimenko states that Sberbank is running this test before launching their new DeFi platform to get feedback from users and make changes if needed. The test period will last several months, and they’ll pay attention to how everything works.

Making DeFi more accessible

The DeFi platform will be easy to use, with a simple interface allowing users to access and use all the financial services offered. It will offer lending, borrowing, trading, yield farming, and earning rewards to provide liquidity to the platform. 

Sberbank’s new platform will create a platform to bring DeFi to more people and make it easier for everyone to use. It will also integrate the large software cryptocurrency wallets MetaMask and Coinbase.

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