Tag Archives: defi

Tron has partnered with Waves to connect the two respective blockchain networks called Solidity and Ride to push mass adoption in the decentralized finance (DeFi) field.All TRC-20 tokens will be available on the Waves blockchain and vice-versa with the assistance of the cross-chain communication network – Gravity.TRON Partners With WavesAccording to a press release shared with CryptoPotato, Tron and Waves aim to resolve one of the main issues within the DeFi space. While the statement...

The Ethereum transaction fees reached a new all-time high following the latest DeFi craze YAM. A simple approval operation on some decentralized exchanges like Uniswap costs upwards of $13 on occasions.ETH Gas Fees Through The RoofThe Ethereum blockchain is the underlying technology behind the majority of the DeFi-based projects. Investors wanting to allocate funds into such assets can do so by swapping ETH on platforms like Uniswap.The multitude of emerging projects, as well as the increased...

YAM – the financial experiment that started less than 48 hours ago crashed following an error in its rebasing mechanism that wasn’t fixed in time.This event highlights the importance of proper due diligence in the field. Even though the development team made everything they can to disclose the dangers and the risks of the protocol, and they put warning signs wherever they can, people lost money as YAM’s value was virtually obliterated.What Happened With YAM?Yesterday, CryptoPotato reported...

YAM Finance, the latest yield farming sensation, witnessed a bug in the rebase mechanism. However, the developers of the protocol assure users that funds are unaffected.Bug Found in Unaudited DeFi ProjectDevelopers at new DeFi sensation have found a bug in the protocol’s rebase contract. The team announced the news via Twitter hours ago.Rebasing refers to the process of setting a new base level for a price index. As an elastic supply token, rebasing should trigger push/pull pressure on YAM...

You may have heard of Uniswap has been a frequently debated topic among the DeFi space. Originally, Hayden Adams created the Uniswap protocol as he was inspired by Vitalik Buterin’s post about the market maker equation X * Y = K.Hayden took a practical approach to the equation and created Uniswap, a protocol for automated liquidity provisioning.This guide will help you understand the following concepts:What is Uniswap?How does automated liquidity provisioning work using X * Y = K...

The big boys on crypto markets such as Bitcoin, Ethereum, and XRP may be slumping today, but DeFi tokens are still on fire. Five of the top six performing tokens in the top one hundred are related to DeFi, and there is a good reason for that.Enter the YamA new yield farming opportunity called Yam Finance has been launched promising huge returns and a revolutionary and fair financial farming ecosystem. Since it launched late on Tuesday, August 11, yield farmers have been loading up on DeFi...

Getting a business off the ground is hard work, but for three crypto-loving teenagers, that dream has become a reality. Jai Bhavnani, Jack Lipstone and David Lucid are between the ages of 18 and 19, but they’re already in charge of a new crypto startup called Rari Capital.Rari Capital Has Grown Into Something Much BiggerThe company is both a traditional manager of portfolios and assets and a provider of long-term investing strategies. All three of the company’s founders have been actively...

The decentralized exchange aggregator sourcing liquidity from multiple platforms 1inch has raised nearly $3 million in a funding round led by Binance Labs. Other prominent participants in the series include Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, LAUNCHub Ventures, and Divergence Ventures.1inch Raised $2.8MAccording to a press release shared with CryptoPotato, the successful completion of the funding round came shortly after the decentralized exchange...

Anyone that has used Ethereum for anything recently will have noticed a surge in gas fees. The DeFi boom of 2020 is largely responsible for this as demands on the creaking network increase. Ethereum and ERC-20 tokens make up the foundations of DeFi, and it has become painfully evident that the network cannot take the load.Average Ethereum fees have surged to just under $3 as of August 10, according to Bitinfocharts.com. Aside from a spurious spike in June, this is the highest they have been...

Following what appears to be the actions of a single whale, the price of ETH skyrocketed to just under $450 according to the Uniswap v2 ETH/USDC price ticker in late trading on August 10. This represented an increase upwards of 15%.The trade involved a series of swaps totaling almost $18 million in USDT to purchase just over 40,000 ETH. Within a couple of hours, the price of Ethereum had returned to its range-bound channel at around $395.ETH/USD Chart, Uniswap V2. Source: UniswapRealt...