Tag Archives: defi

Barely two days since the launch of ShibaSwap, a DeFi platform coming from the popular Ethereum-based meme project, Shiba Inu, more than $1.5 billion worth of assets have been locked on the exchange. ShibaSwap Records $1.5 in TVL As with many DeFi projects, ShibaSwap also introduced a yield farming program that allows users to stake their tokens for rewards. The project’s pseudonymous “Top Dog,” Shytoshi Kusama, noted in a Medium post that the Shiba Inu army can stake either...

In a bid to equip decentralized application (dApp) developers with the necessary tools for maximum production, Ethereum blockchain developer platform Alchemy has announced a partnership with Polygon to enhance the network’s capabilities.  Alchemy Integrates Polygon The firm made the announcement today, stating that the move would supercharge the development of Polygon and the Ethereum network.  Furthermore, the partnership would also provide the necessary tools to dApp...

While a slew of DeFi tokens are surging in value, the ‘Dogecoin Killer’ Shiba Inu has topped the Ethereum network in terms of gas usage, suggesting a strong connection between the two. Shiba Swap and the ensuing DeFi Wave Earlier yesterday, SHIB (the official Twitter account for the SHIBA ecosystem) announced that Shiba Swap had gone live. Shiba Swap is a decentralized exchange developed by the anonymous Shiba Inu team, which also allows traders to stake their SHIB tokens and...

Balancer is one of the pioneers in the DeFi space and a core building block of its infrastructure. The protocol allows for efficient trading by pooling crowdsourced liquidity from investor portfolios while also identifying the best available price. Data from Token Terminal reveals the growth of the platform in terms of total value locked over the past year. Balancer Chart. Source: Token Terminal Before the most recent market-wide slump, which took place in May, Balancer had...

The popular DeFi project Balancer Protocol has joined the fight against high fees by launching on the Layer-2 solution – Polygon. Upon the transition from Ethereum, Balancer also announced new token incentives, which came into effect from June 28th. Balancer Joins Polygon Promising to “turn the concept of an index fund on its head,” Balancer is a DeFi project enabling users to collect fees from traders instead of portfolio managers. The protocol announced its latest...

The bitcoin reserves on BlockFi – the popular lending and borrowing platform enabling users to receive interest – have declined to an all-time low. This, combined with recent reports claiming that whales have started to sell off their positions, raises the question of whether large BTC investors may have averted from HODLing. BlockFi BTC Reserves Decline Founded in 2017, BlockFi allows investors to lend their cryptocurrency assets in order to gain interest. However, it seems...

The field of decentralized finance is one where there’s a non-zero chance of protocol failure. In other words – scams, exploits, rug pulls, and whatnot are something to be constantly vigilant about. Iron Finance becomes the latest protocol to go through a massive exploit, which saw the price of its tokens plummet in what they describe as a ‘bank run.’ What Happened With Iron Finance? Iron Finance is a DeFi protocol with two cryptocurrencies under its belt – IRON and Titan....

Decentralized Finance (DeFi) wird einen signifikanten Einfluss darauf haben, wie Banken in Zukunft arbeiten werden. Das Potenzial birgt die Möglichkeit die gesamte Finanz- und Bankenwelt auf den Kopf zu stellen und vielleicht sogar zu ersetzen. Bevor wir uns das ein wenig näher ansehen, müssen wir noch einen kurzen Ausflug zu Decentralized Finance (DeFi) machen. Defi steht für dezentralisierte Finanzmärkte (engl.: Decentralized Finance). Es geht vor allem im Krypto Bereich darum, neue...

The Federated Byzantine Agreement-based (FBA) network, Flare, has announced the completion of another funding round in which it raised over $11 million. Kenetic Capital led the investment as some of the notable names that participated included Digital Currency Group, Coinfund, LD Capital, Wave Financial, and Borderless Capital. Flare Raises $11M Built as a scalable, decentralized smart contract platform that runs the Ethereum Virtual Machine, Flare utilizes Federated...

The hacker managed to steal $6.2 million worth of BUSD, the Binance native USD-pegged stablecoin converted to ETH via 1inch DEX and partially withdrawn from Binance Smart Chain onto Ethereum. This hack was comparatively benign: only $6.2 million was stolen from Belt Finance’s massive $2.6 billion total value locked (TVL). The beltBUSD vault uses four strategies. A bug in the Elipsis strategy was used to leak out funds via the Venus strategy. The vault sends new deposits to...