Tag Archives: defi

DAO Maker, whose token sale launchpad has incubated a wave of heavily oversubscribed IDOs, is bringing its model to the TRON network. A partnership between TRON and DAO Maker will bring the latter’s formula to the blockchain network founded by Justin Sun and now centered around DeFi. Token launchpads have been one of the biggest growth verticals in DeFi this year, with a host of platforms springing up across various networks, including BSC and Ethereum. TRON has been...

The DeFi industry is booming, and there are no two ways around it. Ever since the summer of 2020, dubbed by many the ‘DeFi summer,’ the total value locked in various protocols is increasing, while the volume on decentralized exchanges and automated market makers is skyrocketing as well. However, this has also substantially increased the number of exploits in the DeFi space ever since. In 2021 alone, we saw an array of various scams, ranging from hacks, exploits, and rug...

The sector of non-fungible tokens has reached the living soccer legend, Pelé. The Brazilian will have his own NFT collection honoring his legacy, dropping on May 2nd on the popular Ethernity Chain platform. 90% of the proceeds will be donated to the Pelé Foundation. Pele’s Legacy to Live as NFTs Edson Arantes do Nascimento, better known in the soccer world as simply Pelé, is the latest celebrity to embrace the rapidly growing world of non-fungible tokens. According to a press...

The popular multi-asset DeFi platform powered by Kava Labs has optimized its network with the release of the Kava 5.1 upgrade. The company cited enhanced earnings from lending and decreased risks as the main benefits from the update. Kava 5.1 Arrives The software protocol enabling its users to utilize multiple crypto assets to borrow and lend funds without the need for a third-party intermediary announced its latest developments in a press release shared with CryptoPotato....

The cryptocurrency market is on fire. The market capitalization has surged past $2 trillion for the first time in its history. Interestingly enough, this was led mostly by alternative coins, or altcoins, surging in value. Bitcoin, on the other hand, failed to break above $60K on multiple occasions over the past month, giving serious merits to the notion that altcoin season 2021 is brewing. In January this year, CryptoPotato reported that Secrets of Crypto, which is one of the...

IOHK, the company behind Cardano, has partnered with Orion Protocol, becoming the first liquidity aggregator of the Cardano blockchain.  Orion has provided a non-custodial gateway to the crypto market by aggregating liquidity from crypto exchanges into a single DeFi platform. The partnership with Cardano comes after a series of integration to other protocols, such as Binance Smart Chain, Avalanche, and Elrond.  Cardano’s Bridge to the Crypto Market This partnership provides...

Was ist DeFi – Kurze Übersicht Decentralized Finance, kurz DeFi, bilden herkömmliche Finanzprodukte mit Hilfe von Smart Contracts auf verschiednen Blockchains ab. DeFi bietet im Gegensatz zur Bitcoin HODL Mentalität, neue und vielfältige Möglichkeiten seine Coins einzusetzen. In 2019 und 2020 steigt die Zahl der Anwendungen und Nutzer insbesondere bei Ethereum stark an, doch Binance Smart Chain (BSC) und Tron (TRX) verzeichnen starkes Wachstum. Erfolgreichsten Projekte sind auf Ethereum...

Aave, the third-largest non-custodial lending protocol, is taking a multi-market approach and exploring scalability solutions in a project called “New Frontiers.” Aave is now exploring Polygon (formerly known as Matic), an Ethereum layer 2 protocol that enhances scalability using an adapted version of the Plasma framework. The Polygon sidechain system will be the first to integrate Aave as part of this plan to bring scalability and low-cost transactions. DeFi Should Be for...

With the current craze surrounding everything NFT-related, CryptoPotato is happy to announce its plans to mint an NFT on the Cardano blockchain when these capabilities are enabled. The NFT Craze It’s safe to say that non-fungible tokens are this year’s hot topic. From CryptoKitties, CryptoPunks, and Hasmasks, to celebrity music and the NBA highlight reel, creators are digitizing everything, turning it into scarce, unique, and indivisible tokens that are oftentimes auctioned...

In another whopping purchase, Justin Sun, the founder of one of the largest blockchain-based projects, TRON, and the CEO of BitTorrent, has bought Picasso’s “Femme nue couchée au collier” for $20 million.  Besides that, he has also bought “Three self portraits” by Andy Warhol for $2 million, and he plans to tokenize both and launch them on the JUST NFT Fund in the weeks to come. Justin Sun’s Forray into Digital Art Continues Justin Sun is well-known within the cryptocurrency...