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Dusk and Chainlink Consolidate to Achieve Privacy for DeFi
27.4.2021
The Dusk Network this week made a statement on its website that it will be combining forces with Chainlink, a reliable decentralized oracle network. With this collaboration and access to price-feed data, Dusk’s advancement of administering smart contracts will be attainable. The alliance...
Yearn Finance Expects Treasury Yield-Farming to Boost Their Revenue
27.4.2021
Yearn Finance (YFI)'s recently launched yield-farming with Treasury assets is making "significant amounts" in revenue and is expected to bring forth "an increasing amount" going forward, the yield-aggregator protocol said in its Q1 report.
The team reported USD 6.016m in total...
DeFi Ecosystem Continues to Grow at an Enviable Pace
26.4.2021
The ecosystem of decentralized finance (DeFi) is on a roll. It is among the most rapidly growing segments in the cryptocurrency sphere. According to the latest estimates, the total number of wallets in the DeFi has crossed the two-million milestone. Dune analytics (a platform involved in mapping...
Wing Launches Revolutionary Any Pool, a DeFi Product
22.4.2021
To help traditional investors to get smooth and seamless access to the digital lending process, Wing has come up with a revolutionary Any Pool DeFi offering. As the name suggests, this new product will allow users to lend and contractualize anything, thereby allowing them to enter the market easily...
StaFi Joins the UniLend Ecosystem to Bring rTokens to UniLend
22.4.2021
As StaFi enters the UniLend ecosystem, rToken on UniLend has given access to several new avenues for lead generation in UniLend users. It will allow users on the UniLend platform to trade, borrow and lend tokens. It will give users the advantage of staking rewards while trading, supplying...
C.R.E.A.M Finance Launches Security Campaign for Website
21.4.2021
Due to the unregulated status of DeFi, it is often an easy target for hackers that accounts for almost 50% of the total thefts and hacks happening in the crypto industry. To improve this overall DeFi security, C.R.E.A.M Finance, the decentralized lending protocol, announced the launch of a...
Clover Finance Partners with Darwinia Network
21.4.2021
Clover Finance, the recent Polkadot project based on a decentralized finance system, has signed a collaboration with Darwinia Network. They aim to diversify the ecosystem of Polkadot by introducing more public chain cryptocurrency assets like Binance Smart Chain and Ethereum into the network....
Sienna’s Dual Public Sale on DOA Maker and Polkastarter
20.4.2021
Sienna, a security-first decentralized finance protocol that empowers trustless monetary instruments, has officially announced its dual public sale with DOA Maker and Polkastarter! The sale registrations for DOA will open on April 28, 2021, at 12 PM UTC, and on May 5, 2021, for Polkastarter. Being...
Uniswap V3 to Be Launched: Concentrated Liquidity Is One of the Best Features
19.4.2021
Uniswap, a leading DeFi application, is all set to launch Uniswap V3. Uniswap V3 is to be launched with features including concentrated liquidity, capital efficiency, active liquidity, range orders, non-fungible liquidity, flexible fees, and a license to use its open-source code. Concentrated...
Enigmatic Elon Musk Sets Crypto Riddle with Mysterious DeFi-themed Post
25.3.2021
Elon Musk. Another day, another Elon Musk-shaped Twitter-based crypto enigma – the Tesla chief and Twitter trickster-in-chief has sent the crypto community into a twist with to a tweet about decentralized finance (DeFi).
Without explaining whether he was being serious or just trolling...
DeFi - CeFi Convergence & 'Explosive' Growth Are Coming - BIS Summit Panel
24.3.2021
Decentralized finance (DeFi) and centralized finance (CeFi) are heading towards convergence as we are entering a period of rapid development for DeFi applications worldwide, according to the participants of a panel discussion at this year’s BIS Innovation Summit, an event hosted by the Bank...
DeFi Sandwich Traders Get 'Salmonella'
23.3.2021
A trader decided to try out an experiment in exploitation as a cautionary tale to all decentralized finance (DeFi) entrants, gaining more than ETH 100 (USD 168,560) in profits from sandwich trading contracts.
"Sandwich trading is a lot of fun, but it's not risk free," said Nathan...
Another DeFi Hack: PancakeSwap, Cream Finance Websites Compromised
15.3.2021
At least two decentralized finance (DeFi) projects - Pancakeswap (CAKE) and Cream Finance (CREAM) - urged their users to stay away from their websites that were hit with so-called DNS-hijacks.
"Your funds are only at risk if you enter your private key or seed phrase into the hijacked site....
DeFi Sector May Face Threat from New EU Crypto Regulations – Survey
11.3.2021
European crypto and blockchain players are worried that incoming regulatory frameworks could usher in “excessive requirements” that could “pose significant challenges for crypto-based projects,” particularly in the decentralized finance (DeFi) space, with “irreconcilable” obstacles, a survey...
Justin Sun, Sina Estavi & Co Race to Buy NFT of Jack Dorsey's First Tweet
8.3.2021
The race to buy Twitter impresario Jack Dorsey’s first-ever tweet, from way back in 2006 – enshrined in non-fungible token (NFT) form – is gathering speed, with Tron chief Justin Sun making two bids for the token.
Dorsey, a notable bitcoin (BTC) bull, put the tweet up for sale on Friday last...
Trader’s Lesson: Why You Shouldn’t Keep Large Amounts of Crypto in MetaMask
22.2.2021
Source: a screenshot, Instagram/metamask.io
While most of the crypto world was enjoying new all-time highs this past weekend, popular crypto trader under the Twitter pseudonym notsofast went through a personal crypto nightmare as his Metamask hot wallet was compromised in a security breach. Even...
Too Costly Ethereum is Pushing DeFi Users Away, Fuelling BNB Rally
19.2.2021
Source: Instagram, Binance
Binance coin (BNB) is now the third-highest cryptocurrency by market capitalization after its price rose by more than 40% in 24 hours. BNB now stands at USD 270 (13:45 UTC), with the native token of the Binance exchange benefitting from the migration of DeFi users towards...
Tron's Emoji Gets Into Awkward Situation While Justin Sun Goes "All In" On DeFi
19.2.2021
Justin Sun's Tron (TRX) has attracted more unwanted media attention this week after French politician Georges Tron was convicted of rape and sexual abuse of staff, flooding France’s social media with the #tron hashtag and the protocol’s logo.
On French social media, in many instances, the hashtag...
DeFi vs. Bitcoin Debate Starts a New Round
9.2.2021
In the industry where memes can dictate the value of a cryptoaset, wars of narratives are intensifying amid fresh capital entering the nascent crypto space.
While the never-ending Ethereum (ETH) vs. Bitcoin (BTC) debate is nothing new, the BTC camp is now opening a new front against...
Fed-Published DeFi Study By a European Professor Boosts Industry Morale
9.2.2021
Decentralized Finance (DeFi) remains a niche market, but its efficiency, transparency, accessibility, and composability make for interesting characteristics, enabling it to potentially contribute to a more robust and transparent global financial infrastructure, according to a study published by...