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Total Value Locked in DeFi is a 'Deceptively Complicated Metric'
28.7.2021
One of the most often used metrics in the decentralized finance (DeFi) industry, total value locked (TVL), is "a deceptively complicated metric hiding under a benign name," according to crypto intelligence firm Coin Metrics.
What this metric should be measuring is the total size of...
Reef Finance Introduces Hypersign to its Ecosystem
27.7.2021
Another feather was added to the crown of the ever-expanding ecosystem of Reef Finance, titled Reef Ecosystem when it welcomed Hypersign. This business enterprise specializes in providing solutions for decentralized identities (DID). Hypersign has become the latest name in the long list of solution...
Goldman Sachs DeFi ETF Prompts Confusion On What It Really Is
27.7.2021
The financial heavyweight Goldman Sachs is hoping to launch an exchange-traded fund (ETF) that tracks public firms, one way or another working in the blockchain-related sphere. The ETF would track an index but its composition (and the firm’s definition of DeFi) has seen much derision aimed its...
Crudeoil Finance & the Collective Form a Strategic Alliance
26.7.2021
In a partnership of strategic interest, Crudeoil finance has decided to come together with Collective to explore opportunities in the space of global marketing and customer growth. Crudeoil Finance has carved a place for itself in the Decentralized Finance (DeFi) space, thanks to its unique...
Elrond Builds Alliance With HOPR for Privacy Compliance
23.7.2021
To enhance privacy protocols for influencers and artists, the NFT established blockchain network ‘Elrond’ has recently strengthened its capacities with HOPR. The alliance between the Binance-nurtured network HOPR and Elrond warrants a Layer-zero contract for the client’s privacy...
Harvest Finance Integrates With Binance Smart Chain
22.7.2021
Harvest joined the Binance Smart Chain back in April to pursue two objectives – deliver optimal yields to users and minimize the farming cost. Multiple months have passed since the integration, and it is yielding esteemed results. While the process is straightforward, it requires several...
Coin98 Generates $11.25M for Vital Financing Expansive
21.7.2021
The potent South East Asian crypto wallet, Coin98, in an endeavor to enhance their Decentralized Finance (DeFi) offerings, accepted financing grants worth $11.25 million. This financing revenue was attained in May 2021, resulting in an accomplished expansion of Coin98’s imperative business...
Steakbank Integrates Chainlink Price Feeds in BSC
21.7.2021
SteakBank will use Chainlink Price Feeds as an oracle solution to provide more accurate LBNB/BUSD prices on the Binance Smart Chain. SteakBank users can now see the USD valuation of the LBNB when they try to redeem their LBNB as BNB. Users will also be able to compare these prices with prices...
UK Based Startup Scallop Is Leading Crypto-Focused Banking-As-A-Service
21.7.2021
Hundreds of millions of people all around the globe have no checking or savings account! Financial exclusion undermines the quality of life and also delays economic success. The unbanked population has no access to any financial products whatsoever, which is likely to remain if they do not change....
Japanese Regulator Likely to Create New DeFi, NFT & CBDC Regulations
21.7.2021
Japan’s top financial regulator, the Financial Services Agency (FSA), could be set to introduce new laws to police decentralized finance (DeFi)-related projects operating in the nation – with non-fungible tokens (NFTs) also potentially in the firing line.
The FSA issued an official announcement...
TribeOne and DFyn Join Hands to Enhance Users’ Convenience
20.7.2021
In an important strategic partnership, TribeOne has joined forces with DFyn to offer users the convenience of having unified liquidity from different blockchains. This means developers need not search multiple platforms for liquidity to fund their trade moves and development projects....
Bella and Dinoswap to Expand Utility for Community Users
19.7.2021
In a communique, Bella Protocol has announced its partnership with Dinoswap, which offers the services of building liquidity infrastructure for blockchains operating on layer-one and automated market maker domains. This partnership is touted to be a game-changer as it offers to extend the benefits...
Drops Loans Launch on Ethereum Mainnet
16.7.2021
Drops Loans finally made the most exciting announcement of deploying the Drops Loans protocol on the Ethereum mainnet. Drops is the foremost platform of the world for trust-less borrowing of loans against NFT-based assets and NFTs. The protocol shall commence its operation on the Ethereum mainnet...
Barnbridge Introduced on the Polygon Network
15.7.2021
BarnBridge made the most exciting announcement of launching on Polygon Network by deploying its smart applications SMART Exposure and SMART Yield on the network. According to Polygon MATIC price prediction, the Polygon market of Aave is around 30% of the volume of the v2 market on the mainnet...
Thales Uses DAO-first Round to Raise $2.5 Million
14.7.2021
In an important development, Thales has successfully raised $2.5 million through an investment round led by the Apollo Capital and Framework Ventures. The company has also expressed its gratitude to LD Capital, ChainCatcher, Zee Prime Capital, and Honey DAO for providing their valuable logistical...
Reef Finance to Add Raze Network
13.7.2021
Reef Finance recently announced its decision to enter into a strategic partnership for working on private transactions of decentralized finance. Raze Network is developing unique solutions that can ensure end-to-end anonymity for the Web3.0 stack and EVM-compatible DeFi. The novel solutions involve...
ShibaSwap Causing Hike in Ethereum Gas Prices
12.7.2021
The high gas fees associated with Ethereum are attributed to the record growth in the DeFi transactions achieved by ShibaSwap. The protocol has recently tweeted that it has created history by having more than 1 billion dollars of the total value that has been locked on its platform in one day....
Japanese Regulator Report Suggests DeFi Regulations Could Be Coming
9.7.2021
The top Japanese financial and crypto sector regulator, the Financial Services Agency (FSA), has published a report on DeFi, blockchain and crypto – with its authors concluding that there may be a need for the nation to develop regulations for the decentralized finance sphere.
The report was...
Balancer Protocol Releases Stable Pools
9.7.2021
Balancer made the exciting announcement of launching stable pools at Balancer V2 soon after the Element.fi pools’ release making Balancer the foremost AMM in the Blockchain universe with three types of pools. As of today, Balancer is associated with weighted pools, Element pools, and stable pools....
DuckDAO and DIA Join Forces to Open New Avenues of Growth
8.7.2021
Joining forces with DuckDAO, DIA has announced that it has entered into a collaborative partnership with the former. This union is expected to develop the decentralized finance (DeFi) at a more enviable pace in the future. Through this union, the projects that are being incubated by DuckDAO will...