Defi

Imagine banking, trading, and buying everyday goods all tied to a crypto account. This is the future that Voyager is pursuing: get rewarded for holding crypto; tell your friends and get rewarded for that too. Voyager: Then and NowEstablished in 2018, Voyager is a crypto...

But what is it? Kavais a DeFi Platform that provides lending services to holders of major cryptocurrencies. Think of it as a decentralized bank. With $2.1 billion in assets on-chain, a fully diluted market cap of close to $700 million, over 280k users, and $1.8...

When DAO’s (distributed autonomous organizations) sprung onto the DeFi space at the end of Q3 and beginning of Q4 of 2021, DeGens got excited: frogs were born, and visions of APYs (annual percentage yields) of 80,000% and more caused a lot of buzz, as investors...

Cybercriminals Laundered Crypto Worth $8.6 Billion in 2021The blockchain analytics company Chainalysis, published a report on Wednesday (January 26, 2022), stating that cryptocurrency laundering in 2021 totaled $8.6 billion, indicating a 30% increase from the figure recorded in 2020. In comparison, 2019 saw the all-time...

By Evan Moffic In 2016, after five years at Microsoft, a bored computer science graduate of Stanford University started his first company. It aimed to expand internet access to impoverished populations around the world. As the company grew, its founder, Do Kwon, became so intrigued...

This happens every weekend. In every country, in every corner of the world, we gather with friends and try to figure out the bill at the end of the night. What if you could sort it out in an instant? "I'm transferring 30 Dai over...

Banks make a lot of money. Last year the CEO of Chase bank received a salary of $22 million, along with hundreds of millions more in stock options. What if you could do exactly what banks do? You can lend money and make more in...

Furthermore, Umee aspires to link the cryptocurrency world; the name itself implies connectedness by combining the letters "U" and "Me." Umee is a decentralized infrastructure for cross-chain interactions. Umee links people in a frictionless and trustless method to form lending and borrowing positions, transfer capital...

However, with the increase in the market cap of DeFi protocols, so also the rise in scams in the sector. This piece looks at the various DeFi scams and how investors can protect themselves. Types of DeFi scamsThe various types of DeFi scams are outlined...

The liquidity of an asset represents the ease with which an investor can convert their assets into cash. That said, the liquidity of DeFi is of utmost importance since the main aim of a trader is to make profits as fast as possible. What Are...

Yield farming is a decentralized finance (DeFi) product offered by developers through crypto projects. Yield farming brought a new dimension to cryptocurrency investment and created a way for investors to earn without taking huge risks. But yield farming does not benefit investors only; it is...

Compound and Celo are two projects that add value to this sector. In 2020, DeFi platforms had a breakout year. Cryptocurrency enthusiasts championed these platforms, which fueled a general market rally in the latter half of the year. DeFi platforms continue to show remarkable diversity...

How then can these retail investors partake in and fund an accelerator program of a propitious project just like others? Colony Lab has come to bridge this gap via its revolutionary approach and unique features. Colony lab is a Defi project or protocol that runs...

The incident was first reported by blockchain audit and security firm PeckShield on December 2 where it was estimated that the hackers ran away with close to 2,100 Bitcoin (BTC) and 151 ether (ETH) via a front-end attack on BadgerDAO. While there’s no arguing that...

While 2021 has been marked by an increased rate of crypto adoption and massive price boosts in the rest of the world, China will remember it as the year when it finally managed to get rid of most crypto miners who called it home for...

What is CODI Finance?CODI Finance is an all-in-one DeFi protocol built on Solana, a scalable blockchain offering fast and cheap transactions. The protocol, ensuring that its offerings are secure, highly scalable, and interoperable, has three main products: a Decentralized Exchange (DEX) launchpad, an NFT marketplace,...

For example, the price of the DeFi Pulse Index (DPI), an index token that tracks the price of the top Ethereum-based DeFi tokens continues to make new bottoms against ETH as evident from the following chart. (Source: TradingView) Additionally, several other so-called DeFi ‘blue chip’...

With XDEFI Wallet, you can store, receive and send your digital assets irrespective of their native chain. All you need to do is install it as a web browser extension on Chrome or Brave (with Firefox in the works). From there, it is possible to...

According to what is known, Sony and AMC are about to show their appreciation of blockchain technology by engaging in this year’s biggest crypto trend — the NFTs. The plan is to offer free NFTs to anyone who pre-orders tickets for the newest Spider-Man movie,...

Many still remember when former US President Donald Trump publicly criticized the crypto industry a few years ago. Back then, he bashed Bitcoin, saying that he is not a fan of the crypto industry. However, it appears that Melania Trump, the former first lady, doesn’t...

Popular cryptocurrency exchange Kraken is about to launch a new marketplace for Non-Fungible Tokens (NFTs). The exchange’s CEO announced this during a recent interview. Kraken Plans to Go NFTThis year has been a very eventful one for the crypto industry. Not only did it see...

Beaver Finance is a pioneer in its offerings. It is the first DeFi platform to offer liquidity mining. This is under its hedging solution for Impermanent Loss. The platform features a single asset Automate Yield Farming. The platform also contains an Engine for Asset Allocation....

In October, the decentralized platform raised the sum of $7.3M, of which $4.8M came from its token sale, funding that was led by Gelos Venture with participants, such as Atlantic Capital, AVA Capital, etc. It's no surprise that AntEx token was already gaining traction before...

First CFO at OpenSeaAccording to Bloomberg, Roberts said that the growth of Web3, and particularly the NFT marketplace, made it easier to join the company. The new OpenSea CFO said: "I haven’t been this excited about something in a very long time. It reminds me...

Founded in 2017, ETHLend underwent a branding makeover to embrace a name that doesn’t tie the protocol to a single smart contract platform, and thus Aave (AAVE) was christened. Aave (AAVE)Today, Aave is inarguably the largest DeFi borrowing and lending protocol and stands alongside the...

On November 10, Bitcoin (BTC) marked its latest all-time high value of $69,000 before tumbling to its current market price of ~$57,000. The fall of BTC was accompanied by a dip in the wider crypto markets as the total crypto market cap shrunk from more...

They are allowed to lend or lock their crypto holdings as liquidity for some time in return for a reward. Many times, yield farming offers a bigger return on investment than other conventional investments. It's considered to be more profitable than staking. However, as the...

Mythical GamesMythical Games is an LA-based organization. It is also the brainchild of the entire “playable NFTs” concept. The platform uses NFT tech in identifying key gamers and owning them fully. Non-fungible tokens utilize blockchain technology. They also use a safe and straightforward digital ledger....

The transformation is accompanied by swift financial innovation and growth associated with radical opportunities and investment returns. Only in 2021, DeFi has recorded an increased total locked value from $646Million to about $14 billion. However, the Rise of Institutional DeFi Investment is triggered by this...

NFTs saw exponential growth by the 3rd quarter. Its popularity over the last few years captured the interests of lots of users globally. This growth is spurred on by its high yield, and the possibilities it offers for the evolution of the Metaverse. NFTs trading...

To this effect, Ripple decided to move into the DeFi space through the launch of a new product ‘Ripple Liquidity Hub’. Ripple designed this Liquidity Hub to enable all enterprises to source various tokenized assets from it. It will also allow unrestricted access to crypto...

DeFi eliminates the need for an intermediary via its smart contracts and decentralized applications (dApps) that run on blockchains. As a result, many financial institutions integrate these dApps into their system using NFTs and DeFi popular digital currency bitcoin. However, while DeFi’s opportunities attract attention,...

If you’ve been following the decentralized finance (DeFi) landscape lately, chances are that you must have come across the term “DeFi 2.0.” While the term might sound a little confusing at first — indicating a new iteration of DeFi, which, in itself, is a relatively...

Who is Vitalik Buterin? What is He Currently Involved in?Vitalik Buterin, co-founder of Ethereum. Anyone who is interested in cryptos must have heard of Vitalik Buterin, the founder and mastermind of Ethereum, the second-largest coin by market capitalization. Buterin was born in Russia in 1994,...

Decentralized Finance (DeFi) has been blowing up for over a year and a half now, and ever since it went big, it showed everyone just how flawed CeFi (centralized finance) is. Even now, DeFi is in its early stage, still imperfect and largely experimental, that...

2021 has been a massive year for the cryptocurrency industry, not only because of the bull runs that have already taken most coins to new all-time highs but also because of the trends that dominated the year. DeFi has never been higher, and a new...

More and more businesses are attempting to enter the crypto world. For example, they may accept cryptocurrency as payment or issue an NFT. Budweiser, one of the world's greatest beer brands, can now be added to that list. According to media reports, they recently purchased...

Many artists and content creators are moving to Tezos to launch, buy, and trade NFTs (Non-Fungible Tokens) as Ethereum’s fees are becoming a problem. 90% of NFT minting happens in Ethereum, and as NFTs become more popular, the Ethereum network has seen a considerable amount...

The adjusted total value locked in DeFi smart contracts has grown to $80 billion from $8 billion in one year. In traditional finance, there's always an intermediary. If an entity acts fraudulently, it is possible to prosecute them. There are also the regulators enforcing risk...

If you have been into the decentralized finance (DeFi) rabbit hole for the past year or so, it is likely that the sky-high gas fees on the Ethereum blockchain-based decentralized exchanges (DEX) such as Uniswap, SushiSwap, and Bancor must have put a big dent in...

While the crypto market continues to boom like never before — commanding a market cap of over $2.3 trillion at the time of writing - it is important to realize how much of it is driven by spot markets and otherwise such as futures contracts,...

On Clover Finance February 18th, 2021. Clover Finance completes its seed investment round. The new company was planning to significantly improve the existing model of De-Fi apps. Among the main problems of the incumbent firms, it listed the allocation of the entire transaction commission to...

Banks Are Lobbying Hard to Block the Rise of Crypto – They’re Fighting an Impossible War The past decade marked the mainstream emergence of blockchain technology and cryptocurrencies, which had been designed to have disruptive potential. Owing largely to its decentralized, peer-to-peer nature, they have...

Poly Network security was breached on August 10 due to a cryptography issue. This resulted in the loss of about $611 million worth of digital assets, including $253 million in tokens on Binance Smart Chain (BSC), $273 million of Ethereum tokens, and $85 million in...

Internet Computer is in the headlines again as the ICP token is recovering its price after dropping 95% shortly after its debut on the market. What is driving ICP’s value again and soaring the network with new users every day? Recent IC Developments What’s driving...

Decentralized finance (DeFi) platform Harvest Finance’s FARM token has witnessed a significant increase in its price -- close to more than 160% after it got listed on Coinbase and Coinbase Pro in July. Accordingly, Coinbase users can now seamlessly buy, sell, and trade FARM tokens...

Balancer is an automated portfolio manager and trading platform built on the Ethereum blockchain. Its official launch came in March 2020, yet the protocol started development in September 2019 led by Fernando Martinelli, Nikolai Mushegian, and Mike McDonald, who funded the project with $3 million....

The studio will be “facilitating a hotbed of digital culture” according to its official page. It will bridge the gap between web 2 and web 3 gaming. The studio will partner with Open Sea; the NFT platform. Decentraland; The Metaverse gaming platform. Atari, Horizon, Somnium...

Peter Kacherginsky and Rebecca Rose first held a traditional Jewish ceremony, after which they exchanged the digital assets as virtual rings to symbolize their love. Rose took to Twitter to state that the virtual rings were now present on the blockchain where everyone could see...

In a tweet, Dorsey stated that Square was “focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services.” Open and Transparent In the same tweet, Dorsey stated that the new platform would...

Decentralized Finance (DeFi) has captured the interest of investors throughout the crypto and traditional finance world alike. By removing centralized parties like banks, exchanges, and others, DeFi has allowed users to access peer-to-peer economies functioning on automated smart contract functions and protected by the immutability...

The crypto sector has experienced its own share of positives and negatives in the past decade. New concepts like DeFi, Staking, and Yield farming have been introduced to bring about improved financial products for investors to increase their earnings. With new innovations comes dangers and...

The decentralized finance (DeFi) sector made headlines in 2020 and saw a plethora of projects with DeFi applications. While the market did not start in 2020, it, however, became popular in the middle of 2020. However, its popularity has come with a litany of bad...

Yield farming is a new way to get attention from investors, who, in return, get huge assets for their investment. This system is now filled with swindlers ready to make money off other investors. The innovation was created as an open-source project to help users...

Global payments giant, PayPal, has announced its interest in expanding crypto trading services in the United Kingdom. British clients can access the service through the newly launched "Super App." PayPal made the announcement during the Q2 earnings call on July 28. The company's CEO, Dan...

One platform that is quickly gaining popularity among digital creators is OnlyFans. It allows creators to promote and monetize their content while also gaining popularity for their brands. Its popularity has grown because unlike most social media platforms, OnlyFans has no restrictions. What is OnlyFans?...

What is Yield Farming? Yield Farming, also known as liquidity mining, is the process of staking cryptocurrencies to earn rewards. Unlike profiting through trading in exchanges, yield farming is a concept based on the decentralized finance sector. Investors can also earn tokens by engaging in...

Warwick is the co-founder of Illuvium, a gaming metaverse powered by non-fungible tokens (NFTs). He is also the brother of Synthetix's founder, Kain. Invested Early According to Warwick, he invested early into virtual lands back in mid-2020 when the use cases for virtual land were...

However, soon after the crypto prices started crashing in May and June, the NFT market followed, crashing by around 90%. Essentially, the market went from $102 million to only $19.4 million in sales. Why Has The Bubble Burst? Now, why might this be surprising? Well,...

The decentralized finance (DeFi) industry today has digital assets worth over $55 billion locked in various DeFi protocols, according to data from DeFi Pulse. Indeed, the rapid rise of DeFi as a viable and attractive venue to park capital and earn healthy yields has been...

The new chain was created specifically for DeFi, and today, it is Ethereum’s biggest rival for the DeFi sector. Advantages of BSC Don’t get me wrong — BSC is definitely worth it. Ethereum may be the birthplace of DeFi, but BSC offers faster transactions, lower...

Both have been widely accepted by the gaming industry, the adult content industry, betting, and of course — sports. Since betting and sports usually come hand in hand, this likely was not a huge surprise for most people. However, it is still good to see...

According to research, the total decentralized finance market is estimated at $58.31 billion at the time of writing. Statistically, this shows that the decentralized finance industry is expanding exponentially. And now, institutional investors are redirecting their attention towards DeFi. Institutional Investors and DeFi The mainstream...

In other words, the feature allows BTC and XMR owners to exchange digital assets without the need to trust one another, use intermediaries, or take similar precautions.Increased Decentralization This is a great way to further decentralize crypto, and I believe that a feature like this...

Avoiding the traditional methods, Harvey decided to make use of the crypto industry and its trends, which led him to sell non-fungible tokens (NFTs). NFTs Are Shaking Up the Industry I personally think that this was a very interesting approach, as it shows that NFTs...

Not only did crypto prices skyrocket to entirely new heights, but the DeFi boom continued, and let’s not forget the fact that crypto got another massive, parallel trend in the NFT sector. In fact, NFTs continued to explode even over the past several weeks while...

The Emergence of DeFi Ethereum was regarded as the de facto home of DeFi, but things are changing rapidly. The success of the Binance Smart Chain (BSC) has expanded the scope of DeFi. Developers can copy successful Ethereum DeFi protocols and replicate them on BSC....

It is an undisputed fact that the COVID-19 pandemic facilitated high unemployment rates all over the globe -- as a result, many people lost their jobs. This made many people look into other ways of making an income. While the pandemic gave rise to many...

What Are Terra Stable Coins Tugrik is used in Mongolia to purchase products and services, while the Won is used in Korea and the US Dollar is used in America. It's difficult to conduct business in Korea using US dollars or in the United States...

Companies and private individuals are now seeing the benefits of using DeFi services and products. They can access them via various channels such as decentralized exchanges (DEX), dApps, via decentralized Web3.0 gateways, or via common web interfaces. The DeFi Market Since DeFi is decentralized, it...

How Delicious is SushiSwap? SushiSwap (SUSHI) is an Ethereum-based fork of the largest and most popular decentralized exchange (DEX), Uniswap (UNI). While the initial days of SushiSwap were marked with a lot of community drama, the protocol has since gone on to establish itself as...

Uniswap V3 - Problems from the Beginning Hours after its launch, several users have already made some complaints, especially about its higher gas fees. According to one Twitter user, “even more expensive to make mistakes now. Tried to migrate my UNI/ETH liquidity to V3, failed,...

Cryptocurrency exchanges are the backbone of the crypto industry. Serving as the ultimate liquidity providers, they allow the whole ecosystem to thrive and serve as an entry point for millions of people to join the crypto movement. Among exchanges are also some of the most...

Decentralized Finance (DeFi) has seen explosive growth over the past year, and Decentralized Exchanges (DEX) have arisen to challenge Centralized crypto exchanges like Coinbase and Binance. The DeFi sector has exploded in the past 12 months with its valuation rising from $1billion to $60 billion...

After creating a digital drawing every single day for 13 consecutive years, the graphic designer brought all of those artworks together into a monumental collage. He called it "EVERYDAYS: THE FIRST 5000 DAYS." Beeple then minted the digital collage as a nonfungible token or NFT...

With the emergence of blockchain technology more than a decade ago, new innovations including decentralized finance (DeFi) have permeated the space, with novel projects seeking to revolutionize the monetary and financial provisions of the existing financial institutions. With DeFi, users can depend on blockchain-backed smart...

Whether or not decentralized finance (Defi) will supplant the traditional financial system recently has been a conversation on the lips of a good number of people. As the decentralized finance (DeFi) industry grows steadily, the total value locked in DeFi platforms has exceeded $ 50...

Decentralized finance (DeFi) is one of the hottest fields in the cryptocurrency space at the moment. These platforms provide alternative services to the traditional financial space, allowing people to enjoy financial services such as loans and more. The DeFi tokens are the backbone of the...

Many investors have jumped on its train looking to maximize their investments to reap huge returns. The DeFi sector began the year 2020 with less than a billion in total market cap but enjoyed a massive boom. At the time of writing, the total market...

The level of development and adoption the cryptocurrency ecosystem has witnessed in the past decade is a testament to the revolutionary prospects blockchain seeks to engraft, and people’s trust in what is being created or churned out. Decentralized Finance (DeFi) is an emerging niche in...

Recently, in the crypto-industry, everyone is talking about DeFi — staking, crypto loans, profitable farming and other tools that may seem mysterious and dubious to an uninitiated person. Is DeFi an alternative to traditional banks, or is it just another hype sector in the crypto...

The development of high-performance software and new financial technologies have provided a better economic system that is reshaping the way we view finance as a whole. One of them is an exciting ecosystem from the fintech world with over US $88 billion in market cap...