Ruma

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Dec 01 2020

[Updated] Wing Finance: A DeFi Innovation On Ontology

The new credit-based lending product offering by Wing aims to integrate credit elements into the decentralized finance ecosystem. Ontology's OScore credit evaluation system will evaluate the credit score of a user and thereby increase the potential and scope of the decentralized financial services which can be offered. What Is OScore? Built on...

[Updated] Everything You Need To Know About Wing Flash Pool – Part I

Wing Finance aims to revolutionize the way decentralized finance lending platforms are working. Users can supply tokens and earn WING tokens as incentives. They can also borrow assets by supplying collateral. Borrowers can also earn WING by locking the WING equivalent to 3% of their borrow. The platform’s Insurance Pool helps in minimizing the risk of liquidation. Supported tokens: ONTd, pWBTC, pETH, pUSDC,...

Nov 30 2020

Wing Finance: A DeFi Innovation in Ontology

A credit-based platform aims to integrate the concept of credit elements into a decentralized finance ecosystem. These products and features will evaluate the credit score of a user and thereby increase the potential and scope of decentralized financial services. Wing Finance is a credit-based platform that allows various decentralized finance (DeFi) cross-chain products to work together. The platform is built on the Ontology...

Everything You Need To Know About Wing Flash Pool – Part II

In the previous part of our Wing Finance Flash Pool article series, we have explained the following things: how you can install and set up the MetaMask and Cyano wallets, get ONG (Ontology Gas token) from Binance, swap ERC-20 tokens into...

Everything You Need To Know About Wing Flash Pool – Part I

Wing Finance is a credit-based, cross-chain platform that aims to revolutionize the way decentralized finance lending platforms are working. It is based on the Ontology blockchain. The platform users can mine WING tokens in the Flash Pool through supplying, borrowing, or insuring assets. Users can supply tokens and earn WING tokens as incentives. They can also borrow...

Nov 28 2020

KyberSwap Wallet – How To Install and Use It

KyberSwap is an in-house token swap service on the Kyber Network. The KyberSwap wallet is a non-custodial, Ethereum-based wallet that supports more than 70 ERC-20 tokens and allows the users to swap them instantly in a secure way. The token exchange happens fully on-chain. Along with buy/sell, it also allows the users to set limit orders (selective tokens), set token notifications, and alerts....

Nov 26 2020

How To Install and Use the Dharma Smart Wallet

Dharma is a crypto bank and was founded in 2017 in San Francisco, California. It will let you buy more than 2,000 DeFi assets using your bank account. The platform is backed by some of the major investors in crypto and fintech — including YCombinator, Polychain Capital,...

Nov 24 2020

Top Things You Should Know About Yearn Finance (YFI)

Yearn Finance is an Ethereum-based, open-source DeFi lending protocol. The concept of Yearn Finance is to maximize the user's yield by automatically moving the user funds among different DeFi lending protocols like Compound, Dydx, Curve, or Aave. It is one of the most popular and most decentralized DeFi projects in the crypto industry till now. The platform was single- handedly developed by Andre Cronje...

Nov 21 2020

What Is Balancer Finance and How To Use It

The Balancer is a multi-token automated market-making protocol. It allows the platform users to swap tokens, add liquidity to an existing pool, and create a new pool. The Balancer pools can be created by using two or multiple tokens and allow the users to set token weight that represents each token proportion out of the total pool value. The user provides...

Nov 20 2020

Bancor Network – What You Need To Know and How To Use It

The Bancor Network is based on the Bancor Protocol that consists of a network of smart contracts, also known as “liquidity pools” in general, to perform algorithmic token trades and pooling of on-chain liquidity to perform peer-to- contract trades in a single transaction with no counterparty. The platform launched its version 2 protocol upgrade in...

Nov 17 2020

Exploring AAVE V2 Testnet

Aave is one of the most popular decentralized finance (DeFi) projects. Recently, the AAVE team has announced its V2 Kovan testnet on their Medium page. Any interested users can test the platform using the link here. In our previous article, we have made a detailed guide on...

Nov 12 2020

ETH 2.0 Staking: What Is in the Box for You?

The ETH 2.0 deposit contract is finally deployed. It allows users to stake ETH. This upgrade will bring the proof-of-stake consensus method to the Ethereum network. Validators support the network to validate the network transactions. In return, they receive incentives to perform their duties. The validators vote on the next block, and the staking amount decides the weightage of the vote. To become...

Nov 11 2020

How To Use the Tadpole Finance Genesis Mining Program

Tadpole Finance is an Ethereum-based, experimental project that aims to boost the current DeFi lending platform one level up by creating an open lending market, allowing the user to deposit collateral and take loans using any ERC-20 tokens. The platform is based on the Compound Finance lending platform. Initially, it was launched by Indodax and Tokenomy but later introduced as an open-source project....

How To Use The AAVE Platform

Aave is an Ethereum-based, decentralized, open-source, non-custodial money market protocol that allows the users to deposit and borrow cryptocurrency without any middle-man. The AAVE system is managed by smart contracts where the asset deposited by the depositor maintains the liquidity of the market. Depositor also earns income from their deposit. And the borrower takes out a loan by depositing collateral. The platform uses...

Nov 10 2020

How To Use the Keep3r Network

Andre Cronje has recently announced the Keep3r network through a Medium article. The project is still in the beta phase but has gained significant attention in the blockchain ecosystem, which can easily be seen as the price of the KP3R token raised drastically within a few hours of its launch. The...

Nov 06 2020

How To Use The Synthetix Exchange

Synthetix Exchange is a decentralized trading platform that allows you to trade your synths for any other synthetic assets. The exchange supports a variety of fiat currencies (e.g., sUSD, sEUR, etc.), cryptocurrencies (e.g., sBTC, sETH, etc.), indexes (sDEFI and sCEX), commodities (gold and silver), and inverse (iBTC). Trading on Synthetix Exchange is executed against the contract, known as P2C (peer-to-contract) trading. The system...

How To Use The Synthetix Staking Platform – Mintr

Synthetix is a decentralized protocol built on Ethereum that allows SNX users to generate a wide variety of synthetic assets, known as synths. Users can generate synths by locking their SNX as collateral via the Synthetix smart contract. The collateralized assets are combined to create a counterparty debt pool to all the minted synths; thus allowing Synthetix...

Nov 05 2020

How to Use Compound Finance

Compound Finance is an Ethereum-based, open-source, decentralized protocol that allows the users to lend and borrow cryptocurrencies by locking up their assets in smart contracts. Users can directly lend their assets to the Compound Finance “liquidity pool” from which a borrower can borrow by locking up their assets as collateral. The amount of tokens a user can borrow depends upon the collateral factor....

Oct 31 2020

Exploring the Borrow Feature of MakerDAO

Oct 31 2020 Published at Altcoin Buzz under tags  bitcoin & crypto guide dai defi makerdao mkr

MakerDAO is a decentralized organization based upon Ethereum that allows the users to lend and borrow cryptocurrencies without any involvement of a third party. The MakerDAO platform supports two native currencies: DAI - Stablecoin, soft-pegged to the U.S. dollar. MKR - Governance token. The...

Oct 29 2020

How To Use the Frontier Wallet

Frontier is a non- custodial, unified wallet that allows the user to keep track, view, and manage their assets and lending positions across DeFi protocols through a single mobile application. It natively supports multiple mobile wallet applications, such as Trust Wallet, MetaMask Mobile, Fortmatic, and Coinbase wallet. Currently, it supports the following protocols:...

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