Bitcoin-backed Stablecoin Launches on RSK Testnet
A brand new Bitcoin-backed stablecoin, MoneyOnChain, has launched a fully-functional version of their platform on the Rootstock testnet. MoneyOnChain claims to be the first decentralized
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A brand new Bitcoin-backed stablecoin, MoneyOnChain, has launched a fully-functional version of their platform on the Rootstock testnet. MoneyOnChain claims to be the first decentralized
One of the first mobile apps to bridge traditional and DeFi banking has opened a waitlist this week. Linen App is a mobile application which
Consensys has introduced a scoring system for DeFi platforms, in an effort to assist users in evaluating platform risk. The company has highlighted a general
MakerDAO is a permissionless lending system built on Ethereum. For those unfamiliar with the project, please take a moment to read our overview here. In
MakerDAO has issued a statement regarding the “Emergency Shutdown” that may affect Dai holders and CDP owners who do not upgrade to the Multi-Collateral Dai
Yesterday, the NBA informed Spencer Dinwiddie that his plans to tokenize his $34M contract earnings violates the league’s collective bargaining agreement. According to a statement
As many of us in the digital asset ecosystem are aware, regulatory clarity surrounding the legality of many of the top cryptocurrencies has been far
Wrapped Bitcoin (WBTC) has rapidly reached $1Million in market liquidity on Compound Finance, less than one month after its addition to the DeFi lending platform.
The proliferation of DeFi is nothing to brush off. Over the past year we’ve seen explosive growth in all sectors within the decentralized financial space.
The company, BlockFi, has been making headlines this week, after raising $18.3M. BlockFi is another player in the DeFi lending space, along with companies such
One of the leading companies in the DeFi space announced a new platform to help further decentralize financial products. Compound Finance, a leading crypto lending
The emergence of Ethereum ERC-20 tokens fully collateralized 1:1 by BTC has begun. In 2019, we’ve primarily seen two systems bringing BTC to the Ethereum
Compound Finance has quickly grown into one of the largest DeFi applications on the market. For those unfamiliar with Compound, please take a moment to
For those of you who have been keeping track of the DeFi lending space, Dharma gained a lot of attention with the release of Dharma
The Maker Foundation is rolling out proposals for their new oracle and feed system in the coming weeks, which will upgrade both oracle structure and
Binance’s new stablecoin, BUSD, has been approved by the New York Department of Financial Services (NYDFS). The green light has come little more than two
A new concept for zero-coupon cryptocurrency bonds has been published by a research partner from prominent crypto investment firm, Paradigm. The project, named Yield Protocol,
Compound – a leading DeFi lending protocol – has rejected a proposal requesting reimbursements for DAI liquidations caused by a questionable oracle in the platform’s
Coinbase – the leading cryptocurrency exchange in the United States- has finally announced custody and trading support for some of the oldest and most well-known
Source: Adobe/Negro Elkha There’s been another theft in the Cryptoverse – this time a ‘personal’ one, as attackers have taken more than USD 8.2m from
To the DeFi community, Retroactive airdrops were at full display through the launch of BadgerDAO, a decentralized protocol built to optimize yields from Bitcoin locked
Source: Adobe/Tim UR While local and global regulators are yet to target the nascent DeFi (decentralized finance) world, some industry players warn that the interaction
Melon Protocol recently announced that yield aggregator, Rari Capital will be migrating to Melon in a complementary partnership where Rari Capital is able to leverage
Compound and Uniswap have both recently announced proposals that would institute official grants programs for the respective protocols. Compound, the DeFi money market has an
DerivaDEX- the newest derivatives exchange protocol – has just officially released the details of its insurance mining program. Happy Friday. DerivaDEX insurance mining is live.
Badger Finance is a community-run DAO that aims to build the products and infrastructure needed to bring more Bitcoin into the DeFi ecosystem. Excited to
To the DeFi community, This week in DeFi brought major consolidations of resources, as Yearn Finance announced ‘mergers’ with a slew of DeFi projects, including
Aave the popular decentralized money market has finally launched it’s v2 on Ethereum Mainnet! Version one of Aave launched at the beginning of 2020 and
Visa, the global payment network and credit card giant has announced plans to integrate with USDC, a leading stablecoin that was originally built on Ethereum
Nexus Mutual is known for being one of the first & most established providers of smart contract cover in the crypto space, today they are
December began on a positive note for Yearn Finance as Andre Cronje announced another merger, this time with the infamous Sushiswap protocol. The partnership will
ETH market participants organized quite a dynamic ping pong over the past few days. The end of the second last trading month of the year
Source: Adobe/Nik_Merkulov The DeFi protocol yearn.finance (YFI) is set to merge with SushiSwap (SUSHI), another leading DeFi protocol. (Updated at 18:28 UTC: updates in bold.)
DeFi liquidation mechanism protocol B.Protocol announced that it liquidated a 70,000 DAI debt from a MakerDAO vault that went underwater by utilizing a backstop system.
A combination of recent governance proposals and yVault discussions on Crypto Twitter imply that Yearn Finance may launch new V2 vaults in the near future.
Yearn Finance is quickly becoming the defacto multi-purpose DeFi platform as it continues establishing new partnerships and mergers week over week. In what seems like
Yearn Finance announced partnerships, so-called mergers, with three DeFi protocols this week. Without ever mentioning it or revealing their plans, the team began a successive
A newly passed governance proposal on Curve Finance established a rule by which 50% of all protocol fees go to veCRV holders. According to the
A new tweet by Andre Cronje revealed a sneak peek of the new lending and borrowing model that Yearn Finance will introduce. At the moment,
The mark of $6 on the DOT market was not as simple as it seemed at first glance. Despite the positive news background and the
The price of Ethereum has been outperforming the Bitcoin Price for some days now. The difference in the prices was at a 20% difference in
Uniswap founder Hayden Adams shared his opinion on the recent massive liquidation event on Compound, noting that his native TWAP oracles likely prevented a liquidation
In light of recent events, Chainlink creator Sergey Nazarov reiterated the need for oracle flexibility in decentralized finance (DeFi). According to Nazarov, today’s protocols should
The community has been on high expectations about the upgrade on Ethereum. As it appears, Ethereum convinced the investor’s community to put more money required
The Polkadot developer team finally caused a governance issue which caused the protocol to prematurely slash all candidacy bonds for the Council positions. Now that
DeFi investors can now yield farm and participate in Yearn Finance vaults directly from their Argent wallet. Following a successful integration, the team added support
The trading optimistic note in the DeFi composite index market sharply ended, launching a new musical composition, more like hell rock. During the day, the
Yearn Finance creator Andre Cronje revealed that the team plans to take several steps to improve the ‘safety and security of all money markets.’ These