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 […]

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 […]

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 […]

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