Tag: defi

Jan 23 2021

Tezos (XTZ) price surges following DAO framework announcement and Grayscale rumours

Jan 23 2021 Published at CryptoSlate under tags  adoption altcoins defi price watch xtzusd

New York-based tech company TQ Tezos has announced Homebase—a new project that allows Tezos (XTZ) users to easily set up and interact with decentralized autonomous organizations (DAOs) to establish a community governance structure. The price of XTZ reacted quite positively to the news, surging by over 20% today on the heels of the announcement—up to $3.37, according to...

Wrapped BTC (WBTC) Flips the Market Cap of Bitcoin SV (BSV)

Summary: Wrapped Bitcoin (BTC) has flipped the market cap of Bitcoin SV (BSV) $320 Million in market capitalization separates the two assets Demand for Bitcoin on Ethereum continues to increase and has fueled the growth of WBTC WBTC is also available on the Tron network Wrapped Bitcoin (WBTC) has surpassed the market capitalization of Bitcoin SV (BSV). This milestone was identified by the...

COTI Chooses Chainlink as CVI Index Oracle Solution

Jan 23 2021 Published at Blockonomi under tags  chainlink coti defi link

COTI has opted to use a Chainlink-based system as its oracle for the CVI index. As a way to expand trading and hedging opportunities in the crypto markets, COTI developed the Crypto Volatility Index (CVI). This index measures the rate of change in major tokens. In a recent announcement, COTI disclosed that Chainlink will be [...] The post COTI Chooses Chainlink as CVI...

Ampleforth-like Bitcoin rebasing token DIGG drops: crypto stimulus checks

Jan 23 2021 Published at CryptoSlate under tags  altcoins badgerusd defi

The latest crypto stimulus (or DeFi stimulus check, to be more accurate) has just dropped. Badger DAO, a Bitcoin-focused decentralized finance project based on Ethereum, just rolled out a new coin called DIGG. BADGER, the governance token for the protocol, already exists. DIGG is a new token that works much like Ampleforth, a supply-elastic...

Rumor of a Chainlink Grayscale Trust Propels LINK to New Highs

Quick take: Chainlink has just set a new all-time high of $24.64 - Binance rate The bullish momentum is a result of Grayscale adding a LINK trust to its investment products Basic Attention (BAT), Tezos, MANA and Livepeer are also reportedly being considered by the investment firm The digital asset of Chainlink (LINK) has just set a new all-time high of $24.64 -...

Jan 22 2021

Algorand (ALGO) Enters Strategic Partnership With Instimatch

Jan 22 2021 Published at Altcoin Buzz under tags  business partnerships defi instimatch

Public decentralized tech platform Algorand eyes a $100 billion use case as it reveals the details of a strategic new partnership with Instimatch. According to Algorand (ALGO), the partnership with Instimatch is a huge feat and a step in the...

Supply Chain Solution SUKU Launches DeFi Protocol for “Unbanked”

Jan 22 2021 Published at Crypto Briefing under tags  business defi suku supply chain

SUKU DeFi will "support the unbanked and underserved" by giving its suppliers access to financial services that they may have been excluded from in the traditional finance system, namely microlending. SUKU Moves Into DeFi A microloan is a small loan paid by an individual rather than an institution like a bank....

INDX Reveals Jellyfish DeFi Project

Reading Time: 2 minutes INDX has unveiled details of Jellyfish, its DeFi pivot Jellyfish aims to protect a user’s assets from crashes INDX’s masternode project was canned last year after over two years of development INDX, the blockchain company that recently...

SushiSwap Whales Holding 100k+ SUSHI Increase By Over 74% in 2 Weeks

Quick take: SushiSwap whales holding over 100k SUSHI have increased by over 74% in 2 weeks SUSHI's value has more than doubled since the beginning of the year SushiSwap usage is high with the protocol being the 5th largest consumer of ETH gas SushiSwap is also the sixth-largest DeFi protocol in terms of Total Value Locked The amount of SushiSwap whales holding 100,000...

Jan 21 2021

Kyber 3.0 Will Introduce Dynamic Market Making

Jan 21 2021 Published at Crypto Briefing under tags  altcoins defi dex technology

Decentralized exchange Kyber Network has announced its Kyber 3.0 upgrade, which will introduce a Dynamic Market Maker (DMM). Kyber Network and the DMM In its announcement, Kyber Network calls the upgrade the most significant change to Kyber since its...

How Cultural Differences Drive User Adoption in DeFi

Jan 21 2021 Published at CoinDesk under tags  defi opinion people

Despite being virtually identical products at launch, SushiSwap and Uniswap have taken divergent paths as they respond to users, says Multicoin's principal.

DeFi Experts Wade in on the ‘Venture Capital Debate’

The notion that investment from venture capital (VC) firms for DeFi startups makes them more centralized has been widely debated, and the discussions have continued with some of the industry’s bigger players. The latest VC debate was started by Synthetix founder Kain Warwick, who said that the “you are just a VC project” accusation...

DeFi on Cardano will enable users to earn yield on staked ADA

Jan 21 2021 Published at CryptoSlate under tags  adausd altcoins defi technology

Once Cardano’s Goguen era is launched, users will be able to earn additional yield on their ADA without having to unstake their funds. Liqwid Finance, a DeFi solution built on Cardano, will enable users to earn governance tokens by providing liquidity to the ADA market on Liqwid—all the while their tokens remain staked on the mainnet. Goguen set to...

Uniswap Liquidity and Volume Hits All-time Highs

Reading Time: 2 minutes Liquidity on Uniswap is at record levels while the trading volume is also eclipsing last year’s Stablecoins and ETH make up the vast majority of the liquidity and trading volume What is spurring this return to Uniswap? The trading volume...

What is DeFi (Decentralized Finance)?

You might be wondering “What is DeFi?” and this is a fair question. The DeFi market has been expanding in recent years and it has been providing a […]

Despite initial pains, here’s why conditions are favorable for DeFi

Jan 21 2021 Published at CryptoSlate under tags  defi ethusd guest post

With its record-breaking bull run, Bitcoin stole the public spotlight from the equally explosive DeFi. To be sure, Bitcoin represents a simpler affair compared to DeFi’s cyberbanking, but it too has just started to grow out of its birthing pains. 2020 had many peculiarities. Mostly, they were negative, but some were positive. For cryptocurrency enthusiasts, the year ended up yielding big gains with...

Jan 20 2021

‘Let’s Not Be Bitcoin’: Yearn Finance Considers Minting $200M in New YFI Tokens

Jan 20 2021 Published at CoinDesk under tags  defi governance tech yearn finance

Turns out the "no inflation" meme may not be here to stay.

Crypto.com Predicts Bitcoin & Ethereum Trends for 2021

Jan 20 2021 Published at Crypto Briefing under tags  analysis bitcoin crypto.com defi ethereum

Crypto.com has revisited the cryptocurrency highlights of 2020 in its yearly market review. The report also makes several predictions regarding cryptocurrency trends in 2021. Bitcoin Is Still...

Perpetual Protocol DEX Volume Surges To $500m After Just a Month

One of the newest decentralized exchanges, Perpetual Protocol, has seen its volumes surge in the first month, reaching $500 million. The new DeFi protocol offers decentralized perpetual contracts using Layer 2 Ethereum scaling solutions. In its first monthly recap report, the project announced that it has made it...

How DeFi Is Expanding Beyond Ethereum in 2021

Jan 20 2021 Published at Bitcoinist.com under tags  defi ethereum industry

The launch of Ethereum 2.0’s beacon chain marked a significant milestone at the end of 2020. Several years in development and subject to substantial delays, many were skeptical that it would even happen...

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