Tag Archives: defi

Every day brings something new to the cryptocurrency market as the DeFi craze continues to boom and surprise.Announced on August 26th, the SushiSwap project is attempting to take the concept behind the leading decentralized exchange protocol, Uniswap, and offer an alternative with further incentives to liquidity providers.Enters SushiSwap: What is it?In an announcement from August 26th, a team of developers revealed the SushiSwap project – an initiative attempted to be “an evolution of...

The popular cryptocurrency exchange OKEx has double-down on its DeFi-related endeavors by listing several new assets from the field.Company CEO Jay Hao promised that OKEx will continue to observe and act accordingly to the growing DeFi trend.OKEx Lists 8 DeFi TokensThe Malta-based spot and derivatives cryptocurrency exchange announced the addition of eight “promising” DeFi tokens, thus “reinforcing its commitment to the expanding DeFi economy.” The assets are Band Protocol (BAND), JUST (JST),...

The last couple of weeks have been nothing short of intense on the cryptocurrency market. For the first time since 2016, an altcoin flipped Bitcoin’s price as YFI traded above 1 BTC.Polkadot (DOT) is currently all the rage as all eyes are turned on the project and its native cryptocurrency. Data from CoinGecko suggests that it’s the most trending coin over the past seven days, followed closely by several DeFi coins such as Mantra DAO, YF Value, and YF Link.Polkadot (DOT) Dominates Recent...

The leading decentralized exchange has recorded more volumes in August than it did in July.Uniswap saw more than $300 million in trading volume over the past 24 hours and $2.5 billion in the last seven days, according to data on Dune Analytics.Uniswap Spends The Most Gas FeeUniswap’s impressive volume is also putting smiles on Ethereum miners’ faces as they cash out more gas fees to process and verify transactions on the network.According to data on EthGasStation, transactions on Uniswap...

DeFi tokens continue to flood the markets as developers are minting new coins and listing them on Uniswap every day.While this might present an earning opportunity for some, the number of the so-called ‘rug pulls’ is also on the rise. Investors need to be extremely careful and selective when it comes to the tokens they put their money into.Rug Pulls: The Plague of UniswapUniswap is a protocol that allows buyers and sellers to swap ERC20 tokens without the use of an exchange or order book. It...

The cryptocurrency derivatives trading exchange FTX has launched a Uniswap futures index combining the top 100 pools on the Uniswap platform.At the same time, the company’s recently released DEX dubbed Serum focused on the growing DeFi trend, continues with new developments.FTX Lists a Uniswap IndexFTX announced the launch of the Uniswap futures index yesterday. Essentially, it allows traders to employ a traditional digital asset exchange to access markets from the decentralized trading...

Binance, Houbi, and OKEx have revealed that they will support Qtum’s new offline staking feature, enabling users of the world’s largest exchange to earn QTUM rewards simply for hodling.Binance’s decision to support Qtum staking is a significant boost for the smart contract network as it embarks on a new phase in its development. In addition, Coinone, CoinDCX, and Gate.io will be among the exchanges supporting QTUM staking.A wave of applications built on Qtum Chain is expected following a $1M...

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...