DeFi

Coinbase Considering the Idea of Listing One or More ETH-Based DeFi Tokens

Popular cryptocurrency exchange Coinbase has announced that it is “exploring the addition of a range of new assets.” According to Coinbase’s blog post, the US-based exchange is committed to offering support for assets that meet their technical standards and comply with applicable laws. The exchange says it expects over time to offer clients around the […]

MakerDAO Surpasses $1 Billion in Total Value Locked as DeFi Space Keeps Growing

MakerDAO, the non-custodial lending protocol used to create DAI stablecoins, has become the first in the decentralized finance (DeFi) space to surpass $1 billion in total value locked in it. The milestone comes as users keep on locking cryptoassets in the DeFi space, so much so it has grown from over $660 million in total […]

Is the Decentralized Finance Space in a Bubble? What to Consider

The decentralized finance (DeFi) space has been trending in the cryptocurrency industry so far this year thanks to various developments and trends seen in it, including the introduction of governance tokens and yield farming.

Institutional Interest in DeFi Could Soon Grow Thanks to Compoud’s Custodian Integration

Institutional interest in decentralized finance (DeFi) could soon grow thanks to Compound’s integration of crypto custodian Curv, which according to CoinDesk is primarily focused on institutional clients.

Derivatives Trading Platform Synthetix (SNX) Is up Over 5,000% Since 2019

SNX, the native token for derivatives trading platform Synthetix is the best performing DeFi product since April 2019, appreciating more than 5000 percent in value. 

Decentralized Finance Platform bZx Joins Liquidity Farming Craze

DeFi platform bZx has issued a pair of proposals that would update the platform to allow users to participate in fee generation and liquidity farming. 

Ethereum Activity Reaches 2-Year High as DeFi Craze Continues

Ethereum activity has reached a 2-year high amidst the ongoing craze for decentralized finance (DeFi) products, which now account for $1.4 billion in value. 

Compound’s Governance Token COMP Is Now Down Over 40% From Its All-Time High

Compound’s governance token COMP has been trading for about two weeks, and is now down over 40% from its all-time high close to the $400 mark. Its market cap is still of over $500 million.

Yield Farming Pushes DEX Volume to All-Time High

Trading volume on decentralized exchanges (DEX) reached an all-time high last week amidst the growing demand for yield farming products. 

Ethereum Transactions Surpass 1 Million Thanks to DeFi Yield Farming

Ethereum transactions surpassed one million on June 22 amidst growing excitement for decentralized finance (DeFi) products and yield farming. 

Waves CEO Warns of Next ‘ICO Bubble’ Occurring with DeFi Projects

Waves founder and CEO Sasha Ivanov has warned against a potential “ICO bubble” occurring following the hype being generated by decentralized finance (DeFi) projects. 

Ethereum Outperforms Bitcoin Amid Surge in DeFi Popularity

Ethereum has outperformed bitcoin since the end of May amidst a general surge in popularity for decentralized finance projects. 

DeFi Market Update for 22 June 2020: Aave (LEND), Compound (COMP), Synthetix (SNX)

This article provides an overview of how three important projects in the decentralized finance (DeFi) space — Aave (LEND), Compound (COMP), and Synthetix — have been doing over the past 24-hour period, covers recent news that might have affected their tokens (or might do so in the future), and looks at interesting tweets about these projects/cryptoassets from prominent members of the crypto community.

DeFi Lending Protocol Compound to Start Distributing Its COMP Governance Tokens

Decentralized Finance (DeFi) lending protocol Compound is set to start distributing its COMP governance tokens later today, according to an announcement the firm published.

First: MakerDAO Community Voting on Real-World Assets on Platform

A vote currently up on the MakerDAO platform is currently highly leaning towards a “yes”, to allow shipping contracts to be used as collateral for the DAI stablecoin.

Wrapped Bitcoin Has Exploded Since Entering MakerDAO’s System

Wrapped Bitcoin is going through the roof, and the likely explanation is its new utility on the MakerDAO platform. WBTC can now be used to mint DAI, the decentralized stablecoin.

Equilibriums Crypto-Backed Stablecoin EOSDT Now Can Be Collateralized by BTC or EOS

On Friday (May 1), EOS-powered decentralized finance (DeFi) platform Equilibrium announced that its EOSDT product, which is a crypto-backed dollar-pegged stablecoin, now supports both Bitcoin (BTC) and EOS as collateral.

Initial Ether Staking Yields May Be 12-17%, Whales Are Accumulating ETH: Analyst

A manual audit of 10,000 Ethereum wallets has yielded a very bullish forecast for the leading altcoin, as it steams toward its long-awaited Ethereum 2.0 looms.

Hackers Exploit DeFi Protocol dForce for Nearly $25 Million, Return Part of the Funds

A hacker has managed to exploit Multicoin Capital-backed Chinese decentralized finance protocol dForce, draining nearly all the $25 million worth of bitcoin, ether, and stablecoins locked in it.

DeFi Sees Its Biggest Month Despite Coronavirus Outbreak

Decentralized Finance (DeFi) was one of the defining trends of 2019 in the cryptosphere and, despite the recent COVID-19 pandemic, it is showing no signs of slowing down. Registering tremendous growth since the beginning of the year, DeFi maintained its growth trend even during March, registering the biggest month for the ecosystem so far.

Ethereum-Based DeFi Project Reportedly Grew Nearly 780% Last Year

Decentralized finance (DeFi) projects based on the Ethereum blockchain have grown by 778% when compared to the first quarter of 2019, driving growth in the decentralized application space.

Coinbase Wallet to Make It Easier to Earn Interest via DeFi Platforms

Coinbase Wallet has added support for crypto lending and interest-earning via DeFi applications. 

‘We Want Tether to be the Leading Stablecoin in the DeFi Space’ Says CTO Paolo Ardoino

Paolo Ardoino, CTO of Tether, has revealed during CryptoCompare’s Digital Asset Summit today that Tether is looking to lead the stablecoin presence in the decentralized finance space.

$43 Million: Investors Withdrew 200,000 ETH from DeFi Projects after bZx Exploits

Cryptocurrency investors have moved about 200,000 ether out of the decentralized finance space shortly after a hacker used flash loans to attack the bZx lending protocol.

Decentralized Finance Is ‘Worst of Both Worlds’ Says Litecoin’s Charlie Lee

Litecoin creator Charlie Lee has criticized the decentralized finance (DeFi) space, calling it the “worst of both worlds” shortly after a DeFi protocol was exploited via a flash loan.

Defi Protocol Bzx Suffers Second Attack as Flash Loan Nets Hackers $630,000 in ETH

Decentralized finance (DeFI) protocol bZx has suffered a second attack, with a hacker this time making over $630,000 worth of ether thanks to a flash loan that manipulated the price of sUSD.

Attacker Exploits Defi Protocol to Make $360,000 in a Single Transaction

Ab attacker has managed to exploit the decentralized finance (DeFi) protocol bZx to make over $360,000 worth of profit in a single transaction through what’s known as flash loan.

Coinbase Commerce Adds DAI Support for Merchant Payments

Coinbase Commerce has added support for DAI for merchant payments. 

Decentralized Lending Platform ‘Compound’ Passing Stress Test With Flying Colors

A stress test commissioned by the decentralized finance startup Compound has shown it can scale its total borrowed value by 10x without greatly improving its risk, staying at a less-than-1% chance of going default.

Total Value Locked in Decentralized Finance Apps Hits $1 Billion All-Time High

The total value of the cryptocurrency locked in decentralized finance (DeFi) applications has surpassed the $1 billion mark thanks to the cryptocurrency market’s positive performance so far this year.

Total Ethereum Locked in Decentralized Finance Hits New All-Time High of 3 Million ETH

The total amount of Ethereum locked in the decentralized finance (DeFi) has recently hit a new all-time high above the 3 million ETH mark, meaning around $432 million are locked in DeFi apps.

Ethereum Is Still the Number One Decentralized Application Network, Report Finds

The Ethereum (ETH) network is still number one when it comes to decentralized applications (dApps) in the cryptocurrency space, despite the rise of so-called “Ethereum killers.”

The Boom of Crypto Lending and DeFi Another Bubble?

The decentralized finance (DeFi) sphere where this is happening is now rapidly gaining popularity. It comprises open-source projects and is designed to make the world of finance open and free with the help of blockchain and smart contracts.

Maker Foundation Announces Governance Polls to Address $340 Million Vulnerability

The Maker Foundation has issued a response to a software developer’s outline on how the MakerDAO network could be exploited for $340 million.

Waves’ DEX Relaunches as Hybrid Cryptocurrency Exchange

Decentralized cryptocurrency exchange Waves DEX has closed its operation and will relaunch as a hybrid cryptocurrency exchange combining centralized and decentralized features. 

Binance Acquires Chinese Decentralized Application Platform DappReview

Cryptocurrency exchange BInance has announced the acquisition of Chinese decentralized application platform DappReview.

OKEx’s Blockchain OKChain in Final Testing Phase, Exchange Says

Crypto exchange OKEx has announced the development of OKChain and OKDEX, in addition to providing an update to community members on the process of crypto-asset selection. 

MakerDAO Proposes Increasing Dai Debt Ceiling to $120 Million

Decentralized cryptocurrency loan platform MakerDAO has proposed raising its debt ceiling to $120 million after reaching its previous limit set at $100 million. 

Is Staking/Lending Cryptocurrencies a Safe Way to Make Money Work for You?

Cryptocurrencies have gained a new use case over the last few months: earning interest on holdings. Now more than ever, users have options to stake/lend their cryptos for a profit, but is it a good idea?

All You Need to Know About Kava (KAVA) Token Sale on Binance Launchpad

On Wednesday (October 16), Binance announced that the next cryptoasset to go on sale this year on its initial exchange offering (IEO) platform, Binance Launchpad, would be the Kava (KAVA) token.

Ether Locked Into DeFi Hits a Record of 3 Million ETH

The total value of ether locked into decentralized finance (DeFi) dApps has passed 3 million ETH ($552 million) for the first time, according to data on DeFi Pulse.

0x Hits Overbought Conditions After 150% Gain, Can the Rally Continue? – Price Analysis

0x has been on a monster rally for the last month, with over 150% profits put in after the Ethereum-based DEX crypto found its bottom during Q3. The power behind this rally is strong, and according to the indicators, it could have more steam left.

Zcash to Join Ethereum DeFi Ecosystem via a Wrapped Token

Zcash developer Electronic Coin Company (ECC) says they intend to create a ZEC token that can function on ethereum’s blockchain, thereby opening up zcash for use in DeFi applications. 

Band Protocol Launches Mainnet for Bitcoin Binary Options DApp

Band Protocol has announced the launch of its mainnet for BitSwing, a new decentralized application that will allow users to bet on bitcoin binary options denominated in ETH.

Is Blockchain Too Bleeding Edge for ETFs?

Earlier in September both traditional and alternative investors reacted positively to the news that Nasdaq will launch a new index tracking a select group of DeFi crypto innovators.

Latest Investment by Ripples Xpring Raises Prospect of XRP-Based DeFi Products

Michael Zochowski, the Founder and CEO of blockchain startup Logos Network, announced on Friday (September 27) that his company had been acquired by Xpring, Ripple’s investment arm.

Total Ether Locked in DeFi Continues to Rise Despite Falling Valuation

The total amount of ether locked into DeFi projects has increased over the last week, despite the falling valuation for the crypto markets. 

Parity Dev Admits Neglecting Ethereum in Favor of Polkadot

Parity Technologies, one of the largest ethereum clients, has come under friendly fire as the community accuses the firm of neglecting ethereum in favor of upcoming blockchain, Polkadot.

New Public Blockchain Hedera Hashgraph Launches with 26 Dapps

Hedera Hashgraph has announced the open access launch of its public blockchain. According to the release, the launch includes 26 decentralized applications and will allow users access to smart contracts and file services. 

The Week: Coinbase Backs DeFi and Bitcoin Makes Premier League Debut

Over the past week, Coinbase hinted at the launch of a new platform to capitalize on interest in IEOs and STOs, Binance opened trading on its Binance Futures platform following a successful beta launch, Dapper Labs launched a new blockchain to support CryptoKitties 2.0 and English Premier League side Watford FC announced it’ll be displaying the Bitcoin logo on players’ shirts as part of a sponsorship deal.

Hacker Leverages EOS REX to Steal More than $110,000 in Crypto

A hacker has leveraged decentralized finance platform EOS REX to manipulate the outcome of gambling app EOSPlay, stealing more than $110K crypto in the process. 

Decentralized Exchange Kyber Network Adds Fiat-to-Crypto Support

Decentralized cryptocurrency exchange Kyber Network has announced support for a fiat-to-crypto gateway, allowing users to directly purchase ether via debit and credit cards. 

Startup Launches Tool to Help Users Get the Best Returns in Decentralized Finance

A decentralized finance (DeFi) startup backed by Pantera Capital, Coinbase Ventures, and others has announced the launch of a tool that helps users get the highest yields on DeFi.

Nasdaq Adds Decentralized Finance Index Including Popular DeFi Tokens

Stock exchange operator Nasdaq has added a new cryptocurrency-related index, with a new listing focusing on the decentralized finance space.

Tim Draper Joins Board of Directors of EOS-Based Decentralized Application

American venture capitalist and bitcoin supporter Tim Draper has joined the board for decentralized application creator MakeSense Labs. 

Cryptocurrency Lending Firm Dharma Launches Savings Product in Closed Beta

Dharma, a Coinbase-backed peer-to-peer cryptocurrency lending firm, has announced the launch of a new version of its platform that includes a savings product.

Audit Into DeFi Project Compound Finance Discoveres Multiple Vulnerabilities

Smart contract security firm Zeppelin’s audit into Compound Finance discovered several vulnerabilities, mostly related to the degree of decentralization. The DeFi platform has responded to the audit by attempting to replace the existing system with a more open governance. 

Dusk Network’s Security Token Platform Explained

Since Binance announced the listing of Dusk Network (DUSK) on July 21, the value of the token has risen in value from around under USDT 0.10 on August 5, to a peak of over USDT 0.27 on August 17. So what is Dusk, and why was has it proved so attractive to investors in the last month? 

Coinbases New Bridge Links Coinbase Wallet to Your Desktop Browser

Crypto exchange has announced a new feature (called “WalletLink”) for Coinbase Wallet, its non-custodial mobile wallet, that makes it possible to link decentalized applications (DApps) running on your desktop browser to the Coinbase Wallet app on your mobile phone.

MakerDAO’s Decentralized Finance Dominance Keeps Sliding Towards 50%

MakerDAO’s market dominance is trending towards 50 percent in the latest round-up of market data. Maker started the year with a 90 percent share of the decentralized finance marketplace, but has experienced a steady decline as interest rates and competition increases.