/biz/ - Business & Finance

Harmony is aggressively moving into the DeFi space by issuing $7mm in grants to projects using LINK to work on DeFi and remittances.
> https://medium.com/harmony-one/harmony-integrates-chainlink-and-announces-grants-for-chainlink-based-apps-built-on-harmony-816a7f204ee1
> https://medium.com/harmony-one/moneyhome-cross-border-finance-solution-on-harmony-69a3fc7fa9d6
The blockchain is EVM-compliant and already supports everything ETH 2.0 offers (near-zero fees, instant transactions, staking, sharding).
If you hold RSR, you should know this means they're aggressively courting projects like RSV that rely on LINK but are going to get fucked on adoption by gas fees and network inadequacies.
The Reserve team already held an AMA with the Harmony team last July:
> https://medium.com/reserve-currency/reserve-protocol-ama-with-harmony-protocol-part-i-9205b771bd77
> https://medium.com/reserve-currency/reserve-protocol-ama-with-harmony-protocol-part-ii-7e9ccd8bdbed
In which it becomes abundantly obvious Nevin is in over his depth and Harmony pretty much solves every problem RSR and every other ETH-based project is encountering right now.
In the meantime, every meme project on DeFi can painlessly migrate to Harmony for feeless transactions and immediately improved performance.
This is before getting into other reasons ONE is in a position to do well in the short-medium term: US exchange listings, mobile wallet launch, etc etc.
There's a chance all of this becomes irrelevant if ETH miraculously delivers ETH 2.0 in November despite Vitalik pushing the release back for years. In the meantime, we are quite literally going parabolic right now.