DeFi
In-depth research, opinions, and analysis of DeFi trends.
Coinbase Releases A Governance Proposal On Helping MakerDAO Increase Revenue
<p>On MakerDAO’s governance forum today, Coinbase proposed transferring 33% of Maker’s $1.6 billion Peg Stability Module (PSM) into a Coinbase Prime custody account, increasing Maker’s revenue by approximately $24 million. If approved, the proposal would pay Maker a 1.5% annual dividend on $528 million USDC. Maker’s PSM was created to hard-peg the price of DAI</p>
DeFi Tokens Are Exceptionally Ingenious
<p>Twitter user @DefiIgnas, a pseudonymous DeFi analyst, has provided his list of the “Top 7” revolutionary assets that reimagined decentralized finances during the last bull market. Most innovative DeFi tokens of 2020-2021 The expert enumerated the wackiest DeFi ideas the market had seen in recent years. For instance, Ampleforth (AMPL) developed the “elastic supply” mechanism,</p>
Curve Finance’s Stablecoin Is ‘Possible’ To Launch Next Month, According To The Founder
<p>According to a message made on the Curve community Telegram channel by founder Michael Egorov, Curve Finance’s crvUSD decentralized stablecoin could be launched next month. During the Redefine Tomorrow 2022 virtual cryptocurrency event last month, Egorov alluded to the prospect of Curve Finance introducing crvUSD. On Monday, in answer to a question regarding a possible</p>
Compound Crashes Leads To Users Getting ETH Locked For 7 Days
<p>Market-leading lending protocol DeFi, Compound Finance, has just launched a proposal to upgrade its Chainlink price index. However, this code has an error and leads to some unnecessary problems. This code makes it impossible for users who are lending or borrowing cETH (Compound ETH) to roll back their transactions. This means that users cannot borrow</p>
Helium Proposes Moving Entire Crypto Wireless Network To Solana
<p>Helium developers are making a proposal to migrate the entire crypto wireless network to Solana. The change is said to be important, it will bring greater speed, stability and scalability. Helium, the blockchain platform that uses crypto token incentives to fuel decentralized wireless networks, may soon undergo a significant transformation if a newly-revealed proposal passes:</p>
OptiFi Accidentally Closed The Mainnet Program, Locking 660,000 USDC Inside
<p>OptiFi, a decentralized cryptocurrency options exchange, cut its life short after unwittingly executing a command that closed its mainnet program and made it irrecoverable. On Monday, OptiFi alerted users that its platform had come to an untimely end when its development team attempted to update its code. The software incident also locked up around 660,000</p>
What is Synthetix($SNX) | Complete Set Of SNX Cryptocurrency
<p>What is Synthetix? Synthetix (SNX) is a protocol that enables the issuance of synthetic assets on the Ethereum blockchain. Synthetix supports synthetic commodities like gold and silver, synthetic cryptocurrencies, synthetic inverse cryptocurrencies, synthetic cryptocurrency indexes, and synthetic fiat currencies. The platform brings non-blockchain-based asset exposure to the crypto ecosystem, thus creating a more mature financial</p>
What is Contango? Option for Purpose with ‘expirable futures’
<p>What is Contango? Contango is a decentralized exchange that offers timed futures contracts without an order book or a liquidity pool. When a trader opens a position, the protocol borrows in the market at a fixed rate, swaps it in the spot market, and then lends it back in the market at a fixed rate. To close a</p>
Trader Joe Offers Impermanent Loss Mitigation Method
<p>Trader Joe, avalanche-based decentralized finance (DeFi) protocol, claims to have discovered a means to minimize one of DeFi’s most serious flaws: impermanent loss. The developers outlined the use of Liquidity Book (LB) with an additional variable fee swap feature to “provide traders with zero or low slippage trades” in a newly released white paper on</p>
Trading Volume On Curve Finance Hits The Lowest Level In 2022
<p>Trading volume on Curve Finance (CRV) fell further in July due to a drop in demand for cryptocurrencies by individual and institutional investors. Accordingly, trading volume on Curve Finance hit a new low in July – a month that proved to be one of the worst periods in the history of this decentralized exchange (DEX).</p>
How to add DogeChain Network to MetaMask (via DogeChain Bridge)
<p>DogeChain is a new Ethereum Virtual Machine (EVM) compatible network that was built for the DOGE community to engage in NFTs, GameFi, and DeFi. In this guide, we will outline the best way to add DogeChain to a MetaMask wallet in minutes. Start using popular Dapps like Fruits of Ryoshi, DogeShiba, and Satsuma. The Dogechain mainnet</p>
What Is Dogechain? | NFTs, Games, and DeFi for Dogecoin users
<p>Do you remember the craze of the coin meme in 2019? At that time, Dogecoin created a wave for the whole market, leading to a new trend that is a meme trend. However, Dogecoin doesn’t have any utility yet except trading, but the leading meme coin could be gaining a lot more utility with the launch of Dogechain—sort of.</p>
Celer Network’s cBridge Is Under DNS Attack
<p>Celer Network is seeing reports that reflect potential DNS hijacking of cbridge frontend. The platform is investigating and warning users not to use the platform at this time. Late on August 17, the Celer Network Layer 2 Scalability Platform (CELR) received reports that reflect potential DNS hijacking of cbridge frontend. Currently Celer is under investigation,</p>