Tag: decentralized finance (defi)

Jul 24 2021

Uniswap Front End “Delisting” Of Problematic Tokens Highlights Centralization Dangers

Uniswap sparked a new debate about decentralization after it delisted a couple of assets or tokens from it's front end on July 24. The move likely resulted from regulatory uncertainty and appears to be based on legal advice to safeguard the team from any future troubles. These restrictions apply on the "official"...

Jul 15 2021

Bondly Got Hacked For Millions And The Team Has No Idea Why!

Bondly Finance was hacked / exploited to the tune of over 5M on 15 June, after an unknown attacker took advantage of the infinite mint bug and dumped the 373M “created out of thin air” BONDLY tokens. The best part? The team claims to have no idea as to how it happened and said that they need several days to complete the investigation....

Emerging Reports That THORChain Hacked For 2400 ETH, What Happened?

There are emerging reports that the popular decentralized exchange (DEX) THORChain newly launched multi-chain chaos net was hacked for around 2400 ETH and as assortment of other tokens, the total estimated loss resulting from the incident is around $6.9M, going by the attacker's account. However, the treasury...

Jun 29 2021

Jun 12 2021

How To Overtake Uniswap? The 1-Trick That Most DeFi Projects Miss!

Uniswap is the world’s premier decentralized exchange and liquidity provision service, relying on an orderbook-less trading mechanism through liquidity pools. Since it’s introduction, it has facilitated billions in trading volume through it’s three iterations or version updates. It also constantly ranks as a leading revenue generating DeFi protocol, second only to the...

MetaMask Expands DeFi Functionality For Institutional Entities

MetaMask - the world’s most popular Web3 gateway and wallet announced on 10 June that it's expanding it's renowned multi-chain functionality to...

Jun 01 2021

What Is Yield Farming? Simplest Guide To Farm Yield!

In Decentralized Finance (DeFi), the basic concept is that no asset should be idle and not earning profit. Hence, the yield farming concept refers to making use of interest generating decentralized application (DApps) by providing and putting your funds as liquidity. Just like the banks and other financial institutions, but better rewarding and with much more efficient interfaces....

May 26 2021

Raoul Pal Believes Recent Carnage Shows DeFi Resilience, Why?

Raoul Pal - former Goldman Sachs hedge fund manager and founder of Real Vision - a financial consultancy and media platform tweeted on 25 May that the last week’s crypto carnage, which saw the prices of most assets, decline by over 40%...

May 22 2021

Unmarshal (MARSH) | Polkastarter – On-Data Statistics Gets a Boost

Following its recently completed IDO on Polkastarter, Unmarshal (MARSH) has also announced a strategic partnership with the fully decentralized protocol Polkastarter. According to the official blog post, Unmarshal (MARSH) will also now provide the IDO platform with access to top-notch on-chain data statistics. Built as a...

Apr 30 2021

BlockFi May Soon Reduce Interest Rates To 0 or Negative, Alternatives?

BlockFi - the centralized lending / borrowing service for crypto-assets particularly Bitcoin, recently lowered down it’s interest rate or Annual Percentage Yield (APY). The custodial service stated on it’s website that it’s because of the rising Bitcoin prices and falling demand for borrowing...

Apr 16 2021

ConsenSys Leads Charge To Bridge Traditional Finance And DeFi

ConsenSys - the Ethereum based blockchain company announced on April 13 that they have secured funding of $65M from leading companies like J.P. Morgan, Mastercard, UBS, Protocol Labs, The Maker Foundation, Fenbushi, Greater Bay...

Apr 10 2021

Polkadot, What’s Polkadot? A Brief Introduction

The Polkadot name has been in common usage for a long time now. You might have heard it generally or you might have heard that a certain project is building on it. But, what is Polkadot and why do you hear the name often nowadays? Let’s dive in. Simply put, Polkadot is a bridge to connect different blockchains. Launched in 2016 and run...

Apr 06 2021

What Are DeFi Crypto Coins? – An Explanation Of The Important Concepts

Crypto has taken a turn for the better and now DeFi crypto coins are all the rage. But, what are they? In this article, we attempt to explain the fundamental properties of DeFi crypto coins or DeFi tokens and present a brief explanation of their important concepts....

Mar 25 2021

Uniswap v3 Liftoff On Apr 5 – Genesis Of Customizable AMMs?

Uniswap's dominance as the automated market maker (AMM) is unchallenged so far. The famed orderbook-less decentralized exchange launched way back in Nov '18 and has since then taken the DeFi world by storm. A new and improved version of the protocol Uniswap v2 was deployed in May '20 offering direct ERC20/ERC20 pairs, hardened...

Mar 18 2021

Volmex Finance – Ethereum Makes Possible Tokenized Volatility

It appears that there's no limit to the things that Ethereum makes possible. After a plethora of exciting and arguably strange things, it seems that volatility - a measure of the rate of change in asset's prices has been tokenized also. Enter Volmex Finance! Ethereum' mission is...

Anchor Protocol Enables Stable DeFi Yields – How To Earn Using It?

Decentralized Finance (DeFi) is evolving beyond the speculative use cases and primitive money legos. Anchor Protocol appears to be the next logical evolution in a long list of money protocols, which fit together to create a powerful and censorship-resistant alternative to traditional finance. It offers stable yields and savings. Let's take a look!...

Mar 15 2021

Definitive Guide on What Are Synthetic Assets

Synthetic assets are always considered as a switch in conventional economic markets. Presently, as the business world is evolving and is more involved in shared systems and token-based applications, we’re witnessing that crypto synthetic assets are gaining fame. This article is a definitive guide on what is a synthetic asset. Let's take a look...

Feb 28 2021

Racist Coin uses BSC – Will Binance become the next Ripple?

Every now and then, we witness new coins arising. They usually run either on their own blockchain, or use other well-established ones to gain exposure, efficiency and use the already-in-use robust technology. Recently, a disgusting dilemma has come to light. A rise of a racist coin has surfaced on Twitter. It uses...

Feb 13 2021

If You Didn’t Use 1inch, You Might Have Been Sent A Thousand Bucks!

Generally, DeFi projects are known for airdropping tokens to it's users as a token of gratitude for believing in the project and bootstrapping it. They are also a popular manner of popularizing further usage of the protocol. But until 12 Feb, there never had been any airdrop sent to people who haven't used the protocol. Enter 1inch.exchange....

Feb 09 2021

DeFi market is RISING! Should you invest and get involved TODAY?

The Decentralized Finance (DeFi) sphere has been all the hype in 2021, and reached an estimated value of over USD 11 Billion LOCKED in the DeFi lending market alone. Many have already seen high-interest rates on DeFi platforms advertised for different cryptocurrencies. Depositing cryptos for a high return sounds like a great investment in...

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