Tag Archives: defi

Right when volatility proves itself to be a recurring issue, a company like Babel Finance shows its face to let everyone know they don’t have much to worry about.Babel Finance Makes It Easier for Blockchain Firms to Get FinancingThe volatility of bitcoin and the cryptocurrency space continues to make people nonbelievers when it comes to the power and benefits of digital currencies. As it stands, bitcoin is currently going through a very rough period of volatility having slipped roughly $2,000...

Despite the growing DeFi craze in the past few months, a recent survey compiled by CoinGecko revealed that just 23% participate actively in some form of yield farming. However, many of the farmers answered that they don’t know how to read smart contracts but were enjoying high ROIs.Yield Farming Is A Growing TrendThis year can be safely categorized as the decentralized finance (DeFi) boom. The rapid explosion of its popularity could be attributed to some extent to yield farming – the process...

The DeFi space continues to amaze with stunning developments happening on a daily basis. Announced on August 18th through a Medium Post, Meme protocol is quickly catching speed with its native token hitting almost $2,000 a couple of hours back.The interesting thing is that it has a very limited supply of 28,000 tokens and most of it was distributed through an airdrop to people who joined their Telegram group.MEME Airdrop Worth $700,000Data from Etherscan shows that 72 people received around...

Andre Cronje is undoubtedly one of the best-known names in the cryptocurrency field lately, especially when it comes to decentralized finance (DeFi).On July 17th, 2020, Cronje announced the release of various products under yearn.finance, as well as the governance token for the protocol called YFI.It didn’t take long for users to realize the potential of the platform, which, coupled with YFI’s incredibly scarce supply of 30,000 tokens, drove its price to the sky. Now, Cronje hints that he’s...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 974. Im heutigen Video geht’s um folgende Themen: Token Sets – Die DeFi Antwort auf Indexfonds, MicroStrategy kauft uns die Bitcoin weg & bitFlyer Europe integriert PayPal – Geld einzahlen und Kryptowährungen kaufen [embedded content]  1.) Token Sets: Die DeFi-Antwort auf Indexfondshttps://www.btc-echo.de/token-sets-von-set-protocol-die-defi-antwort-auf-indexfonds-20-09-2020/ 2.) MicroStrategy kauft uns die Bitcoin...

The majority of recent DeFi food flavored tokens have been backed by very little, and consequently end up as just pump and dump schemes.Today’s DeFi flavor is pineapple and the protocol is doing something a little different by enabling farmers to mine non-fungible tokens (NFTs) for crypto collectibles.Non‑fungible tokens are a special type of token on the Ethereum network using the ERC-721 and ERC-1155 standards that create verifiable digital scarcity.Farming Non-FungiblesMeme enables users...

Have you heard about Yearn Finance’s YFI token? It acts as a governance token for its decentralized finance platform.It broke Bitcoin’s record of the all-time high in terms of USD prices. The YFI token attained highs of over $38,000 in August and even peaked above $43,000 in mid-September 2020.Do you know what’s the difference between the YFI project and other majority governance tokens in DeFi? Scarcity! Yes, there’s a very limited supply of YFI tokens. The maximum supply can never exceed...

The decentralized crypto exchange protocol C.R.E.A.M. Finance announced its decision to conduct a significant token burn today, September 20th, after a strong internal discussion.The official account of the protocol explained that following consideration of several possible reductions in supply, the alternative of burning 67% of all the $CREAM tokens was chosen as the best. This implies that more than 6 million $CREAM tokens will disappear forever once the burn is complete.Goodbye, Governance...

This week was nothing short of exciting. Bitcoin started trading at around $10,300 but was on a positive note throughout the entire time. It increased gradually, without any sharp and somewhat surprising movements, and managed to add about 6.5% to its value.The cryptocurrency tapped the important psychological and technical resistance at $11,000 but failed to conclusively close above it. Still, Bitcoin regained a serious portion of the total market capitalization as its dominance increased by...

There’s never a dull day in the cryptocurrency market. From food-based meme coins that attract billions of locked value and generate extremely high yield, to a likely mistake that caused the price for a token to surge half a million percent in a few hours – there’s something for everyone.Buying the Wrong UNIUNI (the latest one) is the governance token of the largest decentralized exchange protocol and automated market maker, Uniswap.As CryptoPotato reported yesterday, the token generated...