Tag Archives: defi

Two months ago, Yearn was one relatively unknown decentralized lending aggregator among many emerging projects in the DeFi sector. From less than $10 million in total value locked into the protocol, it has exploded by over 7,500% to today’s TVL levels of $763 million.What’s more, its native governance token YFI has seen similar gains in prices that have now surpassed those for Bitcoin itself.Big Returns for YFI HoldersRecent research by Messari crypto has delved into the surge in popularity...

The ethos behind DeFi has driven a move to full community governance in a democratic and transparent environment. However, as Curve Finance recently discovered, things do not always pan out as planned.In its first governance vote, Curve proposed a new liquidity pool for earning Compound’s COMP tokens and a couple of incentives for liquidity providers. However, according to Curve, only 6.7% of its native CRV token has been locked up for voting rights.Curve voting power is calculated by...

Announced on August 16th, YFValue protocol is intended to deliver the true value of yield farming finance accessible to all users irrespective of their investment size.A little over a week later, however, it turns out that over $170 million worth of cryptocurrency in the protocol is at risk of being locked by a single contract owner.$130 Million in YFV At Risk of Being LockedMoney continues to pour in the field of Decentralized Finance (DeFi) as the total value locked in protocols approaches...

The cryptocurrency field is going through different phases every year, and that’s only logical. As the industry progresses, more people get involved in it, bringing new solutions and technology to the table.In 2020, it’s safe to say that the hottest crypto trend is Decentralized Finance (DeFi). In a matter of months, this became the most widely discussed topic within the cryptocurrency community and rightfully so.Quick NavigationNew DeFi projects are appearing daily, and it does bring a...

Synthetix started as a stablecoin but soon pivoted to satisfy the needs of DeFi users. Nowadays, it serves as one of the leading DeFi projects offering the trading of currencies, commodities, stocks, and other assets.Trading stocks is still dominated by traditional financial centers, being heavily regulated, and hard to automate. The same applies to commodities such as gold and silver.There are platforms that offer a minimal online experience that allows you to buy and sell your commodities....

This week has been quite the ride on the cryptocurrency markets, and, of course, Bitcoin was in the spotlight, at least for a while.The price started at around $11,700 and stayed there for a few days until Monday when we saw a significant move forward as BTC reached about $12,500. The cryptocurrency community was ecstatic that the coveted $12,000 mark was broken, but unfortunately, the euphoria was shortlived.Just a day later, Bitcoin started dropping and come Wednesday, the price was already...

Yearn Finance continues to make headlines and to exceed expectations within the field of decentralized finance (DeFi).After becoming the first altcoin after ZEC’s early days of trading to flip Bitcoin’s price convincingly, the protocol achieved yet another milestone today – it has over $1 billion in total value locked within its ecosystem.Yearn Finance Hits $1 Billion TVLIn a Twitter announcement shared about an hour ago, yEarn.Finance officially disclosed that the protocol has received more...

As the DeFi and yield farming craze continues to entertain the cryptocurrency industry, the price of yEarn. Finance’s native token YFI has gone parabolic, surpassing Bitcoin’s by almost $1,000. This makes YFI the most expensive crypto asset in the market.1 YFI = 1.15 BTCAccording to data on Binance, the DeFi token is trading at $12,770 at the time of writing, while Bitcoin’s dollar value is currently around $11,790. Earlier today, YFI traded at an All-Time High (ATH) of $13,444 before...

The Algorand Foundation and Algorand Inc have announced a significant upgrade to its layer-1 protocol that will enhance the platform’s abilities to power complex decentralized applications, including DeFi projects scalable to tens of millions of daily transactions with low fees.Algorand Protocol Update To Enhance DeFi SolutionsThe company announced the protocol upgrade in a press release shared with CryptoPotato. It described it as the “launch of comprehensive smart contract capabilities that...

Bitcoin und DeFi sind auf dem Vormarsch! Der DeFi-Markt wächst in einem unglaublichen Tempo. Laut der Datenanalyse-Website DeFi Pulse ist ein Rekordhoch von Kryptowährungen im Wert von 6 Milliarden Dollar in DeFi smart contracts eingeschlossen. Noch vor zwei Monaten betrug der Gesamtwert der DeFi smart contracts weniger als eine Milliarde Dollar, wie Sie in der Grafik unten...