Tag: defi

Dec 05 2022

Maple Finance Calls Out Orthogonal Trading After $36 Million Loan Default

Summary: Maple's Monday statement said that Orthogonal Trading defaulted on eight loans worth around $36 million. The loans were tied to two pools operated by Mavens M11 credit. Maple founder Sid Powell expressed shock and disappointment due to the incident. DeFi lending protocol Maple Finance severed ties with trading outfit Orthogonal Trading after the latter defaulted on eight loans worth $36 million. The...

DAM Decentralized Omnichain Stablecoin d20 Open For Experimentation On Moonwalker Testnet

Decentralized finance project DAM Finance has launched its Moonwalker v1 testnet, accomplishing a key milestone on their journey to generate purchasing power from cross-chain portfolios. On the new testnet, community...

Telegram To Launch DEX & Crypto Wallet

Dec 05 2022 Published at Blockonomi under tags  defi wallets

Cloud-based messaging app Telegram is following in the footsteps of new tools that focus on the fundamentals of the crypto market: decentralization. In a statement on November 3, Pavel Durov, the app inventor and CEO, revealed that decentralized products are the company’s next target. Specifically, Telegram plans to roll out a decentralized exchange (DEX) and [...] The post Telegram To Launch DEX &...

Dec 04 2022

How did the FTX collapse impact the Web3 gaming industry?

Dec 04 2022 Published at CryptoSlate under tags  defi gaming web3

The FTX collapse impacted the whole crypto ecosystem, but this might have been deeply felt in Web3 gaming because of the ties between Solana and FTX. Some believe the collapse will bring more attention to...

Dec 03 2022

[Updated] Polkadot Price Prediction 2023 – 2025: Will DOT Price Go Up?

The post Polkadot Price Prediction 2023 - 2025: Will DOT Price Go Up? appeared first on Coinpedia Fintech News In the fast evolving world of cryptocurrencies, a myriad of protocols have been taking the lead to emerge supreme over the others. Polkadot ecosystem is one such prudent platform, which is leaving no stone unturned in the crypto market. The network aims to provide...

Dec 02 2022

Ankr Protocol will reimburse users after $5 million, Binance seized $3 million from the exploiter

Ankr users affected by Friday's hacks will be reimbursed. The protocol will also buy 5 million of BNB to pacify liquidity providers.

DeFi Token Price This Week: DeFi Token Shows Mixed Reaction; Uniswap, Terra Classic Up

Dec 02 2022 Published at Coingape under tags  defi defi news news terra classic uniswap (uni)

DeFi Token Price This Week: What is DeFi Chain? Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by...

[Updated] Polkadot (DOT) Price Prediction 2023 – 2025: Will Polkadot Price Go Up?

The post Polkadot (DOT) Price Prediction 2023 - 2025: Will Polkadot Price Go Up? appeared first on Coinpedia Fintech News In the fast evolving world of cryptocurrencies, a myriad of protocols have been taking the lead to emerge supreme over the others. Polkadot ecosystem is one such prudent platform, which is leaving no stone unturned in the crypto market. The network aims to...

Nov 30 2022

Cardano’s explosive DeFi growth | Twitter Spaces with Muesliswap

Nov 30 2022 Published at CryptoSlate under tags  amas cardano defi defi live amas

Cardano blockchain data shows explosive development activity and a 90% steady increase in active addresses. Despite the explosive growth failing to reflect across ADA prices, over 1,146 projects are building on top of the blockchain. Whereas the Twitter space was meant to celebrate Muesliswap’s birthday, the platform called upon top Cardano projects to discuss the space and tell...

Everything About Algorand Wallet. Part 1

Nov 30 2022 Published at Altcoin Buzz under tags  algorand defi

Algorand is an open-source blockchain that uses a pure proof-of-stake (PPoS) consensus protocol based on Byzantine agreement. So, the platform achieves consensus without a central authority. With the industry in a state of chaos, the subject of security and safety has never been more important. Although Algorand boasts several safety features, we'll...

Top DeFi Tokens To Buy In December 2022 That Will Make You Rich In Long Run

Decentralized Finance, or DeFi for short, has gained considerable traction over the years....

Nov 29 2022

Serum Exchange Declared Defunct

Nov 29 2022 Published at Coinscreed under tags  crypto exchange news defi hack solana

Serum exchange rendered 'defunct' following the collapse of the crypto trading platform, Alameda and crypto exchange FTX The Solana-based decentralized exchange (DEX) has informed its community that its program is now "defunct" due to the failure of its backers, FTX and Alameda.Despite ongoing difficulties, the project's team expressed that "there is hope" due to the […] The post...

ETH deflationary gains erased post-FTX collapse

Nov 29 2022 Published at CryptoSlate under tags  analysis defi tokens

Ethereum (ETH) recently became the most deflationary it had historically ever been amid the FTX collapse, reaching a deflationary percentage of -0.00514%, but as of Nov 29, ETH has lost almost all deflationary gains....

Titano Celebrates its First Anniversary and Burns 10% of Total Supply

The crypto industry is known for its breakneck pace and successful projects that last only a few months. Decentralized finance projects tend to have even shorter life spans, with the vast majority surviving for only a few weeks. This highlights the amazing milestone that DeFi project Titano has accomplished by reaching its first anniversary. In celebration of this event, we analyze the goals...

BlockFi Crash: Why did BlockFi file for Bankruptcy?

What is BlockFi? BlockFi was another crypto exchange that also offered interest-bearing custodial service for cryptocurrencies. It started its business back in 2017. To date, BlockFi had more than 100,000 creditors, with liabilities and assets ranging from $1 billion to $10 billion. Why did BlockFi file for bankruptcy? There are 2 main reasons for the reason BlockFi went bankrupt: The crashing crypto market...

Tipping Scale for Crypto Adoption: Usability vs. Accessibility

One of the biggest problems associated with the crypto ecosystem is low adoption. Despite quite a tremendous growth rate since its inception, just about 300 million people out of a global population of over 7 billion are crypto regulars.

And, hence comes the all-important question. Which of the two...

Andre Cronje reveals how DeFi saved Fantom; FTM surges 17%

Nov 29 2022 Published at CryptoSlate under tags  analysis defi fantom ftm

Fantom (FTM) has grown by over 17% following Andre Cronje's revelation that its Foundation has $340 million worth of assets and annual earnings of over $10 million. Cronje said Fantom was cash positive, and it was still scaling up. Cronje says DeFi saved Fantom Cronje said the Foundation might have stopped operating if DeFi did not exist. He said:...

What Is the Binance Wallet?

Nov 29 2022 Published at Altcoin Buzz under tags  binance defi wallet

Ethereum brought about the concept of programmable smart contracts. But, other blockchain platforms have begun deploying decentralized smart contracts. For example, the BNB Chain is one of the chains with the highest number of dApps in its ecosystem. According to DeFillama, it currently has more than 300. Binance Smart Chain has considerable advantages over...

Nov 28 2022

Crypto Lender BlockFi Files For Bankruptcy

Nov 28 2022 Published at Coinscreed under tags  bankruptcy defi defi news

Blockfi filed for bankruptcy, becoming the latest casualty of the financial contagion unleashed by the collapse of Sam Bankman-fried’s empire. The cryptocurrency lender, announced on Monday that it had applied for Chapter 11 bankruptcy protection in a New Jersey court along with eight affiliates. This makes BlockFi the latest victim of market instability brought on […] The post...

Aave closes lending markets to stop attacks

Nov 28 2022 Published at Coinscreed under tags  aave defi defi news lending platform

Protocol for decentralized liquidity Aave has temporarily shut down lending markets for 17 tokens in an effort to prevent volatility risks that might result in additional market manipulation attempts. Following a vote by Aave governance members to temporarily freeze assets deemed to be volatile and low liquidity, the lending markets were shut down. Yearn Finance […] The post...

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