Earlier this year, DeFi exploded to the unseen heights. From a humble beginning at the start of this year, it progressed to the value exceeding the initial one by thousand times. This all serves as a proof of the increasingly important role that DeFi starts occupying in our lives. Right […]
Tag: DeFi
Kava’s DeFi Money Market Cross-chain, Hard Protocol, Launches Yield Farming on Binance Launchpool
Hard Protocol, a cross-chain money market built on the Kava multi-asset DeFi platform, is set to debut on the Binance Launchpool today. According to a press release by Kava Labs, Hard Protocol will enable Binance users to stake KAVA, BNB and BUSD tokens to earn ‘HARD’ governance tokens in return. […]
UTRON DeFi – The Advanced Technology Connecting DeFi and Mining
UTRON DeFi — The Interoperable DeFi liquid yield generator, interconnecting industrial mining capabilities with next generation decentralized finance solutions. Vision: UTRON and our future user-friendly ecosystem contribute to the adoption of mining and staking cryptocurrencies with next generation decentralized finance solutions. Blockchain & Decentralized technologies allow us to make a […]
How An Upcoming DeFi Platform Aims To Transform The DeFi Sector Through Aggregation
Ever since Compound launched its governance token COMP, the DeFi sector has been red hot with many people getting in the industry. The total value locked on the Ethereum platform has surpassed $2 billion mark, and the overall market cap for the top 100 DeFi tokens is over $7.5 billion. […]
DeFi Platform Balancer Notes a Security Incident
Despite ongoing growth in the DeFi industry, security concerns remain in place today. Balancer, a project gained traction last week, has gone through a security incident over the weekend. Balancer is one of the DeFi projects gaining a lot of attention lately. A Major Security Incident for Balancer This is […]
Bitcoin users can now Access Ethereum’s DeFi Through tBTC
The competition is heating up when it comes to tokenizing Bitcoin on the Ethereum blockchain. The launch of tBTC is very interesting to behold, especially for those seeking active exposure to decentralized finance. Most people are aware of wBTC, or Wrapped Bitcoin. tBTC has Launched on the Ethereum Blockchain It […]
Coinbase Oracle Provides Real-time Prices for BTC-USD and ETH-USD
Coinbase is still one of the biggest cryptocurrency exchanges on the market today. The company keeps providing more services, at its latest venture focuses on price oracle services. It is interesting to see Coinbase explore new options. Oracles Have Arrived on Coinbase There is a lot more to the cryptocurrency […]
Different Stablecoins Find Traction on Exchanges and in DeFi
There are many different opinions on what stablecoins bring to the table in the cryptocurrency industry. Current statistics confirm the popularity of these assets, and they also create a lot of on-chain volume. There are many different stablecoins in the cryptocurrency industry today. Different Stablecoins for Different Purposes Despite the […]
DeFi Protocol dForce may Have Been Hacked This Weekend
It is evident that the Defi industry remains in the very early stages of development. Following a recent attack affecting dForce, the overall sentiment toward this industry may not necessarily change. There are many different options to explore in the world of decentralized finance, or DeFi. Latest DeFi Hack Raises […]
Coinbase Wallet Lets Users Connect Directly to DeFi Services
Cryptocurrency companies and service providers need to keep growing and evolving at all times. Coinbase, best known for its exchange and wallet services, is now becoming a gateway to the DeFi ecosystem. Many cryptocurrency enthusiasts have shown a keen interest in the DeFi ecosystem. DeFi and the Coinbase Wallet Using […]
DeFi dApps may Face Severe Security Issues, ZenGo Claims
The DeFi ecosystem is getting a lot of attention by cryptocurrency enthusiasts. However, some new research has come to light regarding potential security issues. It is always crucial to keep an eye on security concerns raised by experts. Beware of Blindly Trusting DeFi Apps Especially when those concerns pertain to […]
DeFi can be a Powerful Tool to Make Money in a Bear Market
Current cryptocurrency market circumstances force most traders to enter short positions. It now appears that using DeFi solutions can be rather lucrative in this regard. One Reddit user has documented this entire process. Using DeFi to Short Crypto Markets By using the Dai stablecoin and Basic Attention Token, he netted […]
pBTC Tokens Grant Bitcoin Holders Access to Ethereum’s DeFi Offerings
Many crypto projects have claimed to be the new Bitcoin or improve upon the existing BTC. Most of those projects fail miserably, although pBTC may be an interesting exception. Through pBTC, one can effectively ask their Bitcoin holdings on the Ethereum blockchain. pBTC for DeFi and dApps It is the […]
DeFi Protocol bZX Gets Abused Once Again
As if one attack against a DeFi protocol is not enough, bZX keeps generating headlines. The protocol has been “abused” for the second time in less than a week. One could argue that the first incident is not even a hack. bZX Should Just Give up Instead, it is someone […]
More Details Regarding the bZX Incident Have Surfaced
A few more details have come to light regarding the recent DeFi hack. The bZX theft raised a lot of questions, and some answers have now been provided. Figures indicate that roughly $360,000 worth of Ether has been earned by a criminal through the platform. A Complex bZX Story Unfolds […]
DeFi Protocol bZX Suffered From a Smart Contract Exploit
The world of decentralized finance has yet to be put through a big security audit. For bXZ, such an audit will come too late, as the DeFi protocol has already been hacked. Earlier today, news broke of an incident affecting bXZ. bZX Fails to Secure its Smart Contract Although this […]
DeFi Interest Rates for DAI Continue to Grow
The decentralized finance segment continues to fire on all cylinders. DAI lending has always been lucrative yet it appears that the deposit rates will only go higher from here on out. It is uncanny how stablecoins can yield extremely high interest rates in DeFi. The DeFi Interest Rates Continue to […]
Ethereum’s DeFi has Noted Major Growth in the Past few Months
A lot has been said about decentralized finance, or DeFi, in recent months. Many people feel this is not the future of ethereum. While those comments are valid, recent statistics show something else entirely. DeFi is in a Very Good Place Roughly $3.3 million in ether has been locked in […]