Decentralized Finance

Tron Teams Up with BitGo to Launch Wrapped Bitcoin and Ether

Tron “unleashes” the potential of DeFi with Wrapped Bitcoin and Ether Wrapped Bitcoin (wBTC) and Wrapped Ethereum (wETH), the synthetic versions of the two largest cryptocurrencies, have launched on the Tron blockchain, according to a press release shared with U.Today. This was possible because of leading digital asset company BitGo. The rise of synthetic cryptocurrencies […]

Ethereum DeFi: This new token surged more than 900% in one week

A new token is riding the decentralized finance (DeFi) wave all the way to the top, gaining an eye-popping 900% in just one week. Yearn Finance DOT (YFDOT) shot up from $13.1 to hit an all-time high at $132. The rise to the top YFDOT is a relative newcomer in the DeFi scene according to […]

Should you invest in Ethereum (ETH) as price breaks $600?

Ethereum price has gained over 8% today to push above the $600 mark for the first time in over 2 years Analysts are wary that the continuous delay in the Ethereum 2.0 launch may hurt its dominance in DeFi The support line around the $500 handle will now act as support while the next target […]

Yearn Finance absorbs Pickle to boost DeFi rewards

DeFi protocol Yearn has taken Pickle onboard to create new vaults and strategies. Decentralized finance protocol Yearn Finance has announced a partnership with Pickle Finance to bolster yield farming incentives, and compensate victims of the recent Pickle exploit that resulted in the loss of almost $20 million in Dai. According to an announcement from Yearn […]

DeFi Rules: Top 10 Ethereum DApps Cross The 1 Million-Mark In Daily Active Users In The Past Month

Top 10 Ethereum DApps collectively record over 1 million active users. DeFi dApps dominate the field, with over 94% of the total active number of users. Gaming and Collectibles also on the rise. According to a report by blockchain analytics platform, DappRadar, the top 10 DApps have crossed the million-mark number of active users over […]

What Is DeFi?

DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries. DeFi draws inspiration from blockchain, the technology behind the digital currency bitcoin, which allows several entities to hold a copy of a history of transactions, meaning it isn’t controlled by a […]

Should you invest in Ethereum (ETH) as price breaks $600?

Ethereum price has gained over 8% today to push above the $600 mark for the first time in over 2 years Analysts are wary that the continuous delay in the Ethereum 2.0 launch may hurt its dominance in DeFi The support line around the $500 handle will now act as support while the next target […]

Ethereum 2.0 to boost DeFi but delayed launch may set the network back

The launch of Ethereum 2.0 is bound to support DeFi growth, but would it be capable of handling the pace at which DeFi is growing? Ultimately, the eventual launch of Ethereum 2.0 will have an effect on the decentralized finance market. In 2020, the DeFi sector has grown significantly but has already experienced a slight […]

Yearn.Finance founder Andre Cronje introduces new DeFi protocol ‘Deriswap’

Andre Cronje, the founder of the popular decentralized finance (DeFi) protocol Yearn.Finance, has introduced a new project. Dubbed Deriswap, Cronje’s new protocol combines different segments of DeFi — swaps, options, and loans – into one platform. “Deriswap allows for a consolidated, capital efficient market for trading, Options, Futures, and Loans, allowing LPs [liquidity providers] to […]

Four reasons why DeFi is set to disrupt the global financial system

The shift from CeFi and DeFi continues to gain momentum. DeFi is set to disrupt the existing financial structure as it proves more beneficial. Market participants seem to be divided on whether or not decentralized finance (DeFi) is set to disrupt the current centralized financial system. Given the rising number of issues that have led […]

Nervos launches new token standards, furthering Defi push

Chinese public blockchain Nervos has launched a new token standard for use in a branch of blockchain-based finance to compete with Ethereum’s popular ERC-20 standard used in developing smart contracts. Why it matters: With the launch of the new token standard, Hangzhou-based Nervos continues its decentralized finance (Defi) push, enabling many assets to be traded […]

The DeFi market desperately needs to connect with real-world assets

Connecting DeFi with traditional financial instruments will give a massive boost to the whole market. With over $13 billion in total value locked, decentralized finance has truly shaken the crypto world in the last year. It has provided a new way to profit from the crypto market. Meanwhile, DeFi right now is only a niche […]

Yield Trust DeFi Protocol With Anti-Manipulation Features

Yield Trust Team from Stockholm, Sweden is ready to launch its new DeFi protocol for public access, providing users exciting and unique technologies to finally beat market manipulation and reduce market affection by the whales. The protocol is going to grow all around starting its move to Polkadot after releasing all significant features and might […]

3 Lessons From the Summer DeFi Boom

The cryptocurrency world is prone to hype, whether on the grand scale of the ICO boom and Bitcoin price pump of 2017 or the lesser scale of a new project or platform launching. This year has been all about DeFi and its revolutionary potential to reshape finance. In February, total value locked in decentralized finance applications […]

Decentralized Finance Firm, UNION, Raises $3.9M to Expand Risk Management Protection

UNION, a defi risk management firm, raised $3.9 million in a funding round, which drew participation from several crypto trading companies and venture capital firms. Some of the key firms that led the funding round include 3 Commas, Solidity Ventures, AAM, Spark Digital Capital, Alameda Research, Black Edge Capital, and Alpha Chain. Decentralized finance was […]

Ethereum’s Active Addresses Suggest ETH Is Closer to $500 Than We Think

Bitcoin was the center of attention for a couple of days earlier this week as it rallied to $15,955, having cleared the strong resistance from 2019. Following the benchmark crypto’s rally, experts are now looking at ethereum and other altcoins Now that bitcoin bulls seem to be taking a breather as the price settles at […]

Ethereum Is Manhattan and Everyone Is Moving to the Suburbs

Few predicted the swift acceleration in the decentralized finance (DeFi) economy this year. The fervent activity in the space has sent DeFi assets skyrocketing to almost $11 billion – equivalent to almost twice the size of the economy of Barbados. Similarly, assets under management held by Decentralized Autonomous Organizations (DAOs) have hit bumper levels, supported […]

Altcoins & DeFi Back in the Game as Bitcoin Consolidates

After having a run-up of over 20% this week, Bitcoin is taking a breather. On Thursday, the leading digital asset went to nearly $16,000 after starting the month just above $13,000. This started in October when BTC traded around $10,000 and got into action towards the end of the month. Now, we are trading under […]

Following One Decade Of Growth, DeFi Could Guide Bitcoin’s Next

Since 2009, Bitcoin has come a long way while proving its worth, improving its regulatory standing and raising interest globally through media and the internet. From having zero relative value to fiat as a currency in its early days to being valued at $19,783.06 in December 2017, bitcoin has shown immense power. Today, nearly everybody, […]

DeFi sector struggles as Bitcoin sees another surge

Bitcoin price recently saw a significant increase, while at the same time, DeFi tokens started declining. The two appear to be in negative correlation, and some speculate that BTC might be taking capital away. DeFi projects have been losing money to Ethereum, as well, even though most are based on its network. Both Bitcoin (BTC) […]

Ethereum Fees Plummeted 65% in October Following DeFi Volumes Back to Earth

Miners’ income from processing transactions on the Ethereum blockchain more than halved in October as the mania for decentralized finance (DeFi) cooled. Miners’ income from processing transactions on the Ethereum blockchain more than halved in October as the mania for decentralized finance (DeFi) cooled. Ethereum users paid $57.49 million in transaction fees in October – […]

Kava CEO Brian Kerr: DeFi Will Escape Ethereum’s Dominance In 2021 (Exclusive Interview)

DeFi will breakout of Ethereum’s grip due to current network issues, while the sector becomes even more cross-chained in nature, according to Kava CEO Brian Kerr. CryptoPotato recently had the opportunity to interview Brian Kerr – the CEO of the DeFi project Kava. Built on Cosmos as a proof-of-stake blockchain, Kava allows users to stake […]

Decentralized Exchange Volume Dropped 25% in October

Monthly volume on decentralized exchanges fell for the first time since April, dropping 25% after three consecutive months of doubling aggregate volume through Q3, according to Dune Analytics. Aggregate trading volume on decentralized exchanges fell to $19.4 billion in October, down from $25.8 billion in September amid a respite for speculative interest in decentralized finance […]

Tether’s growth confirms this evolving market narrative

While a lot of adoption news has come in for the cryptocurrency market this year, 2020 has been notable for the rise of Decentralized Finance [DeFi]. In fact, by the third quarter of the year, many in the community were acutely focused on the growth of this space. However, while DeFi did grab most of […]

A DeFi Future Unveiled at Virtual Ethereum Hackathon

Decentralized finance (DeFi) has been the center of attention at this year’s ETHGlobal conference which was held completely virtual this year. A raft of new, innovative concepts and projects has been unveiled at the event, demonstrating what the future of DeFi could hold. This year’s ETHGlobal event has been renamed ETHOnline and is being conducted […]

Ethereum set to become first blockchain to settle $1 trillion in one year

The Ethereum network is processing more than double the transaction volume of Bitcoin, and is on-course to process $1 trillion this year. The third-quarter decentralized finance (DeFi) boom has resulted in the Ethereum (ETH) network processing more than twice the daily transaction volume of Bitcoin (BTC). According to crypto market data aggregator Messari, the 30-day […]

Everything You Need to Know About the Yearn Finance Projects

Are you confused of all the YFI-like projects on the market? Here’s everything you need to know about the most popular ones. Have you heard about Yearn Finance’s YFI token? It acts as a governance token for its decentralized finance platform. It broke Bitcoin’s record of the all-time high in terms of USD prices. The […]

Decentralized Exchanges Maturing, but High Demand Reveals Limitations

The growth of decentralized exchanges in 2020 has been phenomenal, but there is a hard ceiling with current technology. Decentralized exchanges, also known as DEXs, have risen significantly in popularity since the start of 2020, with both their user bases and volumes growing at an accelerating pace. The sector is currently being driven by so-called […]

35,000% in 7 Days: The Unbelievable Story of Yearn Finance (YFI)

Yearn Finance’s token, YFI, that was intended by its own creator to have no financial value, is currently trading above $3,000 and brought a weekly return to its investors of more than 35,000%. The space of Decentralized Finance (DeFi) is undoubtedly where all eyes are right now. The value locked in lending protocol continues to […]

Decentralized lending startup Teller secured $1 million in Seed Funding

Teller, a California based Blockchain project for decentralized lending incubated by A16Z’s crypto startup school, has now secured $1 million in a seed funding round. Teller is founded by Ryan Berkun. Teller is introducing an under-collateralized DeFi lending protocol that can offer credit risk analysis. It will aggregate data from legacy credit scoring systems, like Equifax, […]

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