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DeFi Darling YFI is More Expensive than Bitcoin Yet Again
11.5.2021
Yearn Finance's governance token YFI has once again surpassed bitcoin (BTC) as the most expensive cryptoasset available for purchase.
At 10:18 UTC, YFI is trading at USD 68,454. It went up 22% in a day, as well as 28% in a week and nearly 53% over the last 30 days.
It actually hit its new all-time...
ParaSwap Generates $37 Million in 24 Hours on Polygon
11.5.2021
ParaSwap, the leading decentralized platform for traders, witnessed a profit of $34 million in 24hrs. This profit pushed the finance app to the 17th position on the dApp ranking. The token exchange, launched on Ethereum in 2020, was further positioned in the Polygon platform by April 2021....
Kava Launches Kava Swap Liquidity Hub Project
11.5.2021
Kava Labs has announced its new project that will offer its financial Services and DeFi apps under the new liquidity hub based on the cross-blockchain utility. The new project dubbed Kava Swap will offer the services of aggregating the capital, which can then further be deployed across...
Enterprise DeFi to Empower Monetary Inclusivity
10.5.2021
Organizations across the world are gearing up to be a part of the DeFi ecosystem to make the best of the opportunities of improving the latest fiscal operations and optimizing the management of liquidity by the employment of the high-fidelity financial devices of DeFi. With the gradual launch...
Bank of Japan Identifies DeFi Pros & Cons, Mentions Uniswap, Yield Farming
7.5.2021
The Bank of Japan headquarters. A Bank of Japan (BoJ)-issued review has tackled the topic of decentralized finance (DeFi) – and has concluded that while certain “risks” are entailed with DeFi adoption, there could be some positive aspects to greater DeFi proliferation.
The review was published...
Cardstack and Chainlink Oracles to Merge for Secure Exchange
7.5.2021
Card Pay by Cardstack, a consumer-oriented cryptocurrency exchange platform, will integrate Chainlink, decentralized finance (DeFi) system. This integration will help them set a fixed and highly accurate price rate for cryptocurrency exchanges on the Cardstack platform. The charges cannot...
Federal Reserve Bank Paper: DeFi May Cause a Paradigm Shift
6.5.2021
The world is moving towards complete digitization, and measures like DeFi and cryptocurrencies play a big part in it. Ethereum is major crypto, and even the Federal Reserve Bank proved it as well. The institution recently released a paper stating how Ethereum will help the DeFi sector...
UNI Outperformed By Competitors After Uniswap Launched Its Third Version
6.5.2021
The native token of major decentralized exchange Uniswap (UNI) is outperformed today by its competitors after it launched its much-anticipated v3 yesterday.
At 7:49 UTC, UNI is down 5% in the past 24 hours and 3% in a week, trading at USD 41.5. As such, it has the 7th highest (per Coingecko)...
Gnosis Safe Multisig Now Accessible on Harmony
5.5.2021
Harmony, the dApp-focused organization, which last year deployed the latest version of its Blockchain, has announced that Gnosis Safe Multisig is now available on its platform. In recent times, users on Harmony can use NFT marketplaces, Ethereum, and decentralized exchanges with the help...
Kwikswap Becomes the First Project to be Built on Reef Chain
3.5.2021
Reef, the esteemed yield engine and smart liquidity aggregator, recently announced Kwikswap to become the first project ever built on the Reef Chain. The platform is already renowned for its esteemed projects, and Kwikswap’s association with the platform will certainly enhance its market...
Vesper Integrates ChainLink for TVL Data; Unveils LINK Pool
30.4.2021
Vesper Finance, the leading DeFi ecosystem for crypto coins, announced that it has partnered with ChainLink to establish the US dollar price of Total Value Locked (TFL). In its press release, Vesper said it wants to work with leaders delivering technologies that support the company’s...
dFund Announces Token Offering on TrustSwap Launchpad
29.4.2021
The DeFi sector has been a critical part of the digital domain for some time now. With techs like crypto and blockchain becoming a routine part of the market, it is high time the industry got equipped with DeFi solutions. A significant reason why the sector has garnered market prevalence is...
AllianceBlock to Offer DeFi Bridge to London Stock Exchange Group Clients by Q4
28.4.2021
A new bridge between the traditional finance industry (TradFi) and decentralized finance (DeFi) might be available to London Stock Exchange Group (LSEG)'s institutional clients by the end of this year, according to Rachid Ajaja, Founder and CEO of AllianceBlock, the creator for the bridge...
Alkemi Announces Out of Stealth to Offer Best of Both Worlds
28.4.2021
Alkemi Network has announced the launch of Out of Stealth – the liquidity network which offers institutional Decentralized Finance (DeFi) facility to customers. What makes this launch special is that the network is the world’s first such decentralized liquidity network and now live on...
BSC-Based Uranium Finance Attacked, Millions on the Move
28.4.2021
Decentralized finance (DeFi) project on Binance Smart Chain (BSC), Uranium Finance, reported that it has suffered a security breach - with millions of dollars in ethereum (ETH) on the move and laundered through a popular privacy tool.
"Uranium migration has been exploited, the following...
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...