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DeFi News
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DeFi News

Is Unequal Distribution of DeFi Tokens Threatening to its Security?

The essential component of cryptocurrency or DeFi, especially, is non-custodial management and security of value. However, while decentralized governance systems are in place, the reality of the degree of control in DeFi is far from it.  In an analysis of yearn.finance (YFI) governance and decentralization, Hasu (alias), market researcher of Deribit Exchange notes that, …

The essential component of cryptocurrency or DeFi, especially, is non-custodial management and security of value. However, while decentralized governance systems are in place, the reality of the degree of control in DeFi is far from it.  In an analysis of yearn.finance (YFI) governance and decentralization, Hasu (alias), market researcher of Deribit Exchange notes that, …

UniSwap-DeFi-Ethereum-ETH
DeFi News
UniSwap-DeFi-Ethereum-ETH
DeFi News

DeFi Analysts on How to Mitigate Risks Like the Double-Spend on Opyn Network

A vulnerability in the Opyn DeFi contract allowed hackers to steal up to 371,260 USDC. Put oTokens (oETH) from Uniswap on Opyn had a flaw which allowed ‘double spending’ of value. Tim Ismilyaev, CEO and Founder at Mana Security, explained the hack to us in layman terms, In one of the transactions, the attacker sent

A vulnerability in the Opyn DeFi contract allowed hackers to steal up to 371,260 USDC. Put oTokens (oETH) from Uniswap on Opyn had a flaw which allowed ‘double spending’ of value. Tim Ismilyaev, CEO and Founder at Mana Security, explained the hack to us in layman terms, In one of the transactions, the attacker sent

Altcoin News
Altcoin News

YFI Copycat YFFI Enters Death Spiral As It Plummets By Almost 100%

After the community observed yearn.finance’s [YFI] price hitting almost $5K, several tokens mimicking YFI entered the market. However, they seem to be nothing but products of a pump and dump scheme.  Decentralized Finance [DeFi] had all eyes on it after certain applications brought in immense value. DeFi’s lending and borrowing platform, Compound Finance undoubtedly initiated

After the community observed yearn.finance’s [YFI] price hitting almost $5K, several tokens mimicking YFI entered the market. However, they seem to be nothing but products of a pump and dump scheme.  Decentralized Finance [DeFi] had all eyes on it after certain applications brought in immense value. DeFi’s lending and borrowing platform, Compound Finance undoubtedly initiated

uniswap pump
DeFi News
uniswap pump
DeFi News

Why This DeFi Exchange is a One Way Ticket for Ethereum’s ERC-20 Tokens?

Uniswap is a decentralized exchange with a unique mechanism for trading ERC-20 tokens on its platform. Apparently, its the perfect platform for pumping tokens. CryptoGainz, prominent crypto trader tweeted, there’s no orderbook to scare buyers or induce selling, only a bullish narrative and sell side liquidity crisis Uniswap evaluates the price of a token based

Uniswap is a decentralized exchange with a unique mechanism for trading ERC-20 tokens on its platform. Apparently, its the perfect platform for pumping tokens. CryptoGainz, prominent crypto trader tweeted, there’s no orderbook to scare buyers or induce selling, only a bullish narrative and sell side liquidity crisis Uniswap evaluates the price of a token based

Dai
Altcoin News
Dai
Altcoin News

DAI Stacked In DeFi Hits All-Time High; Coinbase Rolls Out Dai Rewards

San Francisco-based cryptocurrency exchange, Coinbase bolsters the DAI network via the recent addition of the Dai Rewards. While the entire DeFi space has been witnessing eventful activities, the total DAI locked in DeFi hit an all-time high. For those who feared the volatile nature of cryptocurrencies, stablecoins entered the market as a blessing. Decentralized Finance

San Francisco-based cryptocurrency exchange, Coinbase bolsters the DAI network via the recent addition of the Dai Rewards. While the entire DeFi space has been witnessing eventful activities, the total DAI locked in DeFi hit an all-time high. For those who feared the volatile nature of cryptocurrencies, stablecoins entered the market as a blessing. Decentralized Finance

Altcoin News
Altcoin News

China Begins to FOMO into the DeFi Space with Customization: Analyst

The crypto market is witnessing a massive bull run initiated by the growth of the DeFi space. While the surge spilt positive liquidity in altcoins as well, the gains in non-DeFi tokens have been minuscule. Moreover, the rise is not going unnoticed within the Chinese crypto community as well as they are beginning to FOMO

The crypto market is witnessing a massive bull run initiated by the growth of the DeFi space. While the surge spilt positive liquidity in altcoins as well, the gains in non-DeFi tokens have been minuscule. Moreover, the rise is not going unnoticed within the Chinese crypto community as well as they are beginning to FOMO

Ethereum ETH China
Altcoin News
Ethereum ETH China
Altcoin News

Potential Ethereum Killer Rises 20% After FTX DeFi Project Announcement

The recent crypto bull market can be partly attributed to the huge uptrend in DeFi tokens, following a bull run in Ethereum. Due to the widespread distribution of Ethereum and years on codes on solidity, there is the leading or the only platform for issuing these Dapps. This begs a question though. On raised by

The recent crypto bull market can be partly attributed to the huge uptrend in DeFi tokens, following a bull run in Ethereum. Due to the widespread distribution of Ethereum and years on codes on solidity, there is the leading or the only platform for issuing these Dapps. This begs a question though. On raised by

Defi
Altcoin News
Defi
Altcoin News

YFI Rush Boosts DeFi Value To $4 Billion

While yearn.finance has pushed DeFi’s value to a whopping $4 billion, the price of its token, YFI has been observing a slump.  ‘DeFi The Unstoppable’ Decentralized Finance [DeFi] has undoubtedly left the entire crypto-verse gazing at the value it has been garnering. Particularly the last few weeks have been extremely eventful for the applications of

While yearn.finance has pushed DeFi’s value to a whopping $4 billion, the price of its token, YFI has been observing a slump.  ‘DeFi The Unstoppable’ Decentralized Finance [DeFi] has undoubtedly left the entire crypto-verse gazing at the value it has been garnering. Particularly the last few weeks have been extremely eventful for the applications of

bitcoin fork supply free float
Altcoin News
bitcoin fork supply free float
Altcoin News

Could This Lesser-Known DeFi Token Hit $10K Before Bitcoin?

DeFi tokens have been taking over the crypto scene for quite a while now. Despite this, Bitcoin remained unfazed and continued dominating the markets in terms of price. However, a new DeFi token seems to be on its way to hit $10K even before Bitcoin does.  DeFi’s YFI Token Steals The Limelight Decentralized Finance [DeFi]

DeFi tokens have been taking over the crypto scene for quite a while now. Despite this, Bitcoin remained unfazed and continued dominating the markets in terms of price. However, a new DeFi token seems to be on its way to hit $10K even before Bitcoin does.  DeFi’s YFI Token Steals The Limelight Decentralized Finance [DeFi]

Defi
Altcoin
Defi
Altcoin

DeFi Rush In Full Swing As Aave Dethrones Compound

After Compound took the crypto-verse by storm, another DeFi lending platform has been outperforming popular DeFi applications and making its way to the top. DeFi continues to record new all-time highs.  Aave The New Compound? The cryptocurrency industry has evolved over time. While the industry paved the way to numerous platforms, it created an entire

After Compound took the crypto-verse by storm, another DeFi lending platform has been outperforming popular DeFi applications and making its way to the top. DeFi continues to record new all-time highs.  Aave The New Compound? The cryptocurrency industry has evolved over time. While the industry paved the way to numerous platforms, it created an entire

Altcoin
Altcoin

Not A Bubble After All; DeFi Locks 3 Billion USD

After recently hitting an all-time high of $2 billion, Decentralized Finance [DeFi] is once again making headlines as it moves past $3 billion.  There’s No Looking Back For DeFi The most decentralized wing of the crypto-verse DeFi has been taking the industry by storm. While several are have just started to explore the prospects of

After recently hitting an all-time high of $2 billion, Decentralized Finance [DeFi] is once again making headlines as it moves past $3 billion.  There’s No Looking Back For DeFi The most decentralized wing of the crypto-verse DeFi has been taking the industry by storm. While several are have just started to explore the prospects of

DeFi News
DeFi News

Are DeFi Projects Restoring The Reputation of Utility Tokens?

Utility tokens lost much of their luster following the 2017 ICO frenzy, as numerous tokens lacking a solid value proposition eventually faded away. Rather than providing true value to token-holders, many of these were designed simply for the purpose of raising funds for project teams, in a short-lived cash-grab. Despite the bad rap, utility tokens

Utility tokens lost much of their luster following the 2017 ICO frenzy, as numerous tokens lacking a solid value proposition eventually faded away. Rather than providing true value to token-holders, many of these were designed simply for the purpose of raising funds for project teams, in a short-lived cash-grab. Despite the bad rap, utility tokens

Maker
Altcoin
Maker
Altcoin

Maker Dethrones Compound And Regains Its Position As The Face Of DeFi

Compound Finance, DeFi’s lending platform, took over the DeFi space and even surpassed Maker in terms of the total value locked. However, Maker regained its position as the face of DeFi.  How The Tables Have Turned Decentralized Finance [DeFi] has undoubtedly taken the crypto-verse by storm over the last few weeks. Prominent DeFi lending protocol,

Compound Finance, DeFi’s lending platform, took over the DeFi space and even surpassed Maker in terms of the total value locked. However, Maker regained its position as the face of DeFi.  How The Tables Have Turned Decentralized Finance [DeFi] has undoubtedly taken the crypto-verse by storm over the last few weeks. Prominent DeFi lending protocol,

tron defi bubble
Altcoin News
tron defi bubble
Altcoin News

DeFi Bubble Grows Larger with Replicas Launching on Tron

Justin Sun and his team marketing ideas have been simple – follow Ethereum. What began as a joke in 2019 at crypto conferences, now extends to Tron 4.0 to replicate Ethereum 2.0. As Tron was feeling left out from the DeFi pump in the last few weeks, it seems to have quickly drafted a clone

Justin Sun and his team marketing ideas have been simple – follow Ethereum. What began as a joke in 2019 at crypto conferences, now extends to Tron 4.0 to replicate Ethereum 2.0. As Tron was feeling left out from the DeFi pump in the last few weeks, it seems to have quickly drafted a clone

ethereum bitcoin supply schedule fight
DeFi News
ethereum bitcoin supply schedule fight
DeFi News

Is DeFi Sustainable In The Long Term: Ethereum Price Stuck In Consolidation

Vitalik Buterin reckons that some DeFi projects are unsustainable in the long term. Ethereum price recovers back to $240 pivotal level but it is not out of danger yet. It is clear that projects within the Ethereum network and especially decentralized finance (DeFi) projects are doing extremely well. The DeFi ecosystem last week hit an

Vitalik Buterin reckons that some DeFi projects are unsustainable in the long term. Ethereum price recovers back to $240 pivotal level but it is not out of danger yet. It is clear that projects within the Ethereum network and especially decentralized finance (DeFi) projects are doing extremely well. The DeFi ecosystem last week hit an

Kava
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Kava
blog

Will Kava Give Fresh Impetus To The DeFi Bubble?

The DeFi bubble is huge and is growing fast. At the onset of 2020, DeFi projects attracted about $850 million. Six months later, the total value of funds invested in DeFi projects – also called total value locked (TVL) –is at $2.08 billion, a growth of about 145%.  Source: DEFI PULSE Admittedly, DeFi is still

The DeFi bubble is huge and is growing fast. At the onset of 2020, DeFi projects attracted about $850 million. Six months later, the total value of funds invested in DeFi projects – also called total value locked (TVL) –is at $2.08 billion, a growth of about 145%.  Source: DEFI PULSE Admittedly, DeFi is still

defi
Altcoin
defi
Altcoin

Crypto Influencers Indicate A Bubble As DeFi Hits New Highs

DeFi has been the talk of the crypto town after the space locked more than $2 billion. However, prominent influencers of the crypto community hint the formation of a bubble.  The completely decentralized part of the crypto-verse, Decentralized Finance [DeFi] has garnered immense traction over the past few weeks. For the longest time, the platforms

DeFi has been the talk of the crypto town after the space locked more than $2 billion. However, prominent influencers of the crypto community hint the formation of a bubble.  The completely decentralized part of the crypto-verse, Decentralized Finance [DeFi] has garnered immense traction over the past few weeks. For the longest time, the platforms

unsecured loans defi aave
Altcoin News
unsecured loans defi aave
Altcoin News

DeFi with 2000% Rise in Token Price, Expands Scope for Uncollateralized Loans

DeFi lending platform, Aave, has launched the provision of creating selective credit lines via Delegating Credit (DC), thereby reducing the need for collateral for loans. Stani Kulechov, the CEO and founder of Aave Lending tweeted, By delegating credit, Karen is able to earn higher undercollateralized lending rates while depositing to @AaveAave. Chad, on the other hand,

DeFi lending platform, Aave, has launched the provision of creating selective credit lines via Delegating Credit (DC), thereby reducing the need for collateral for loans. Stani Kulechov, the CEO and founder of Aave Lending tweeted, By delegating credit, Karen is able to earn higher undercollateralized lending rates while depositing to @AaveAave. Chad, on the other hand,

Compound
Altcoin
Compound
Altcoin

DeFi Locks 2 Billion USD As COMP Continues Dominance

The DeFi space has been the talk of the crypto town. The release of the COMP token has certainly spurred things up for the DeFi space as a total of 2 billion USD is currently locked in it.  DeFi Hits ATH After Locking $2 Billion Decentralization is one of the significant properties that every cryptocurrency

The DeFi space has been the talk of the crypto town. The release of the COMP token has certainly spurred things up for the DeFi space as a total of 2 billion USD is currently locked in it.  DeFi Hits ATH After Locking $2 Billion Decentralization is one of the significant properties that every cryptocurrency

hack
Altcoin
hack
Altcoin

DeFi’s Balancer Pool Hacker Drains Funds Worth About $500k

DeFi platform Balancer’s multi-token pools were under attack after a hacker drained about $500k worth of funds.  Sophisticated Smart Contract Engineer Behind The Hack? Decentralized Finance [DeFi] has been in the news lately following the launch of two prominent governance tokens from lending protocol Compound Finance as well as decentralized exchange Balancer. Compound’s COMP token

DeFi platform Balancer’s multi-token pools were under attack after a hacker drained about $500k worth of funds.  Sophisticated Smart Contract Engineer Behind The Hack? Decentralized Finance [DeFi] has been in the news lately following the launch of two prominent governance tokens from lending protocol Compound Finance as well as decentralized exchange Balancer. Compound’s COMP token