DeFi

High Profile Blockchain Startup Kadena Enters DeFi Space by Unveiling High Speed DEX

On Tuesday (September 29), Kadena, “the first blockchain technology company to come out of J.P. Morgan’s Blockchain Center for Excellence,” introduced a high-speed multi-protocol decentralized exchange (DEX) named Kadenaswap. Kadena calls itself “the world’s first & fastest hybrid blockchain platform.” Kadena’s platform has three components: a public blockchain, a permissioned network, and the Pact smart contract […]

Hacker Steals $15 Million From Unreleased DeFi Project Eminence

An unknown hacker has stolen over $15 million worth of cryptoassets from an unreleased decentralized finance (DeFI) project being built by Yearn.Finance founder Andre Cronje. The exploit allowed the hacker to mint new tokens, and steal funds in the process. Andre Cronje is a controversial developer in the space for his “I test in prod” […]

Uniswap becomes first DeFi Protocol With over $2 Billion in total value locked

Decentralized cryptocurrency exchange Uniswap has become the first decentralized finance (DeFi) protocol to surpass $2 billion in total value locked as users take advantage of the ongoing yield farming trend. Uniswap is a decentralized exchange that uses an automated market maker (AMM) model instead of the traditional order books. Users provide liquidity to Uniswap and […]

Surge in Ether Gas Prices Slowing Demand for Non-Fungible Tokens (NFTs)

Cargo start-up founder Sean Papanikolas says surging ethereum gas prices are limiting the growth of non-fungible token (NFT) marketplaces.

Head of Crypto at Visa Explains How Automated Market Makers Such As Uniswap Work

On Sunday (September 27), Cuy Sheffield, a Senior Director at Visa and the head of its crypto division, explained in layman terms how decentralized automated market makers (AMMs)―such as Uniswap, Balancer, and Curve―work. On August 6, the research arm of Asia-based crypto exchange Multi published a blog post that explained what AMMs are in the […]

Economist Nouriel Roubini Decides to Go After DeFi

On Thursday (September 24), American economist and well-known cryptocurrency and blockchain critic Dr. Nouriel Roubini (aka “Dr. Doom”), who calls himself an expert in asset bubbles, fired shots at decentralized finance (DeFi). Professor Roubini teaches at New York University’s Stern School of Business, and is chairman of Roubini Macro Associates LLC, an economic consultancy firm. During 2018, Roubini called blockchain “a glorified […]

Winklevoss Twins’ Gemini Exchange Lists Seven New DeFi Tokens

The Winklevoss twins’ cryptocurrency exchange Gemini has announced the listing of seven new decentralized finance (DeFi)-related tokens, including Uniswap’s UNI and Yearn.finance’s YFI. In an announcement, the cryptocurrency exchange revealed it’s also adding Balancer (BAL), Curve (CRV), Ren Network (REN), Synthetix Network (SNX), Uma (UMA). Gemini is also adding five new cryptoassets that aren’t related to DeFi: Decentraland (MANA), […]

Crypto Bull Lark Davis Points to New Trend for DeFi Market

Popular crypto influencer Lark Davis calls non-fungible tokens (NFTs) the next big thing for the DeFi industry, noting their application beyond digital art and gaming.

Crypto Hedge Fund Seeks $50 Million to Invest in DeFi Tokens

Cryptocurrency money manager Panxora is reportedly looking to raise up to $50 million for a new hedge fund to buy tokens associated with the decentralized finance (DeFi) space, at a time in which prices have been dropping. The decentralized finance space has been growing exponentially so far this year, after DeFi lending protocol Compound started distributing […]

Majority of Yield Farmers Don’t Understand Smart Contracts or Risks: Report

A survey conducted by CoinGecko found the majority of yield farmers had no understanding of smart contracts or the risks involved in DeFi protocols, despite reaping enormous profits.

Creator of Project That Surpassed $40,000 per Token Backing New DeFi Project COVER

Yearn.Finance founder Andre Cronje is providing advisory support for the rebranding of SAFE token to COVER, a new protocol that is set to launch in November.

Ethereum’s Pending Transactions Surged After Uniswap Launches Governance token

The number of pending transactions per minute on the Ethereum network jumped shortly after leading decentralized exchange Uniswap announced the launch of its UNI token, coupled with a 400 token airdropped to those who have used the protocol. The decentralized exchange’s announcement revealed it launched the UNI governance token, with a total of one billion […]

DeFi Protocol bZx Recovers $8 Million in Crypto Stolen in Third Exploit

Decentralized finance (DeFi) lending protocol bZx has revealed it managed to recover the over $8 million worth of cryptocurrency that an attacker stole from it earlier this week. On Twitter, the protocol’s official account announced it recovered the funds without providing the community with a lot of details. According to CoinDesk, a spokesperson for the […]

Popular Analyst Predicts Bitcoin Retreat to $9,000, Bullish on DeFi Project AMPL

Prominent crypto analyst Nicholas Merten predicts bitcoin’s price pulling back to $9K while saying DeFi altcoin AMPL be a top performer.

New DeFi Token Enjoys 1,100% Surge After Receiving Attention From Ethereum Creator Vitalik Buterin

The price of a new decentralized finance (DeFi) token has surged over 1,100% in a few days shortly after attracting the attention of Ethereum co-founder Vitalik Buterin, who praised its voting system. The DeFi token, Pickle Finance (PICKLE) has seen its price jump from around $5.88 on September 13 to over $75 at press time, […]

Binance Smart Chain Network Gaining Ground on Ethereum Transaction Volume

Binance Smart Chain accounts for 14 percent of the transaction volume of rival ethereum, as the native BNB exchange token seeks to make headway in the DeFi marketplace.

DeFi Protocol bZx Loses $8 Million in Third Exploit

Decentralized finance (DeFi) lending protocol bZx has suffered a third exploit, and this time the attackers got over $8 million in cryptocurrency by duplicating assets. The exploit, according to the bZx team, allowed the attackers to use flawed code to duplicate assets or increase their balance of interest-bearing tokens on bZx, dubbed iTokens. After noticing […]

DeFi Exit Scam Vanishes with $20 Million two Days After Launch

A supposed new liquidity mining pool on the decentralized finance ecosystem, YFDEX.Finance (YFDEX) has allegedly pulled an exit scam, leaving with $20 million worth of investors’ funds merely two days after launch. The supposed DeFi project ran a two-day campaign heavily promoting itself on social media, even incentivizing cryptocurrency giveaways on Twitter to get more […]

Yearn Finance (YFI) Is Getting Listed on Coinbase Pro, $YFI Surges 29%

On Thursday (September 10), Coinbase announced that it is going to list two exciting decentralized finance (DeFi) tokens on Coinbase Pro, its trading platform for experienced/professional traders. These two cryptoassets are DeFi platform yearn.finance’s YFI token and exchange protocol Loopring’s LRC token. Here is how Coinbase describes YFI: “yearn.finance (YFI) is a decentralized finance (DeFi) platform […]

EOS DeFi Project Moves Crypto Worth $2.5 Million in Apparent Exit Scam

A decentralized finance project on the EOS blockchain has moved $2.5 million worth of user funds in what appears to have been an exit scam. According to China-based auditing firm SlowMist, yield farming project Emerald Mine (EMD), based on the EOS blockchain, moved tokens supposedly locked in its smart contract to an account labeled “sji111111111.” […]

OKEx Announces New Interface with DeFi Giant Compound Finance

Cryptocurrency exchange OKEx has announced a new interface with DeFi giant Compound Finance, allowing users access to the interest-generating platform.

Binance Launches New DeFi Yield Farming Product

Leading cryptocurrency exchange Binance has announced the release of Launchpad, a new product for yield farming crypto assets.

Betting on DeFi? Crypto Insurance Products May be Worth Looking into

The decentralized finance (DeFi) space has been steadily growing, going form less than $500 million worth of cryptocurrencies locked a year ago to over $9 billion at press time. Data shows that the space’s exponential growth took off after DeFi lending protocol Compound started distributing its COMP governance token. A yield farming trend was started […]

FTX CEO Takes Over SushiSwap Following Master Chef’s $10M+ Cash Out

FTX CEO Sam Bankman-Fried announced he had taken over SushiSwap after the sudden and controversial cash-out by former founder Chef Nomi.

Uniswap Daily Volume Over $1 Billion as Yield Farming Craze Continues

Decentralized exchange Uniswap has become the first DEX to generate more than $1 billion in daily volume amidst the ongoing craze for yield farming.

Ethereum Transaction Fees Hit Record High as DEX Craze Continues

Ethereum transaction fees hit another all-time high on September 1, coinciding with a surge in volume for decentralized finance products.

Total Value Locked in DeFi Hits Surpasses $9 Billion as Centralized Exchanges Boost Liquidity

The total value of cryptocurrencies locked in the decentralized finance (DeFi) ecosystem has surpassed the $9 billion mark this week as centralized trading platforms are boosting token liquidity. According to data from DeFi Pulse, one year ago there were less than $500 million licked in the space, and its growth was relatively slow up until […]

Year Finance Vaults Could Push Ethereum into a New Bull Run, Analyst Says

Yearn Finance’s new yETH product, which will automatically find the highest yielding decentralized finance protocol, could launch the price of ethereum into a new bull run.

Binance Enters the DeFi Space With Mainnet Launch of Binance Smart Chain

Around 13:00 UTC on Tuesday (September 1), Binance announced that the successful mainnet launch of Binance Smart Chain, which is a high performance EVM-compatible blockchain that runs in parallel to the Binance Chain (launched in April 2019); this enables smart contracts and Binance Coin (BNB) staking. Binance introduced Binance Smart Chain on April 17. The […]

Ethereum Inventor Vitalik Buterin Is Worried About Yield Farming

On Monday (August 31), Vitalik Buterin, the author of the original Ethereum white paper (published in 2013) and a co-founder of the Ethereum Foundation, expressed his concern about the sustainability of the current state of the yield farming space. Here is how Binance Academy explains yield farming, one of the newest concepts in decentralized finance […]

Crypto Locked in Decentralized Finance Near $8 Billion After 85% Jump

The total value locked (TLV) in the decentralized finance (DeFi) space has jumped by over 85% so far this month, from $4.2 billion to a $7.89 billion high on August 30, before moving back down to $7.79 billion at press time. According to data from DeFiPulse, in just 27 days the total value of the […]

Solana-Powered ‘Serum DEX’ Goes Live

At approximately 12:13 UTC on Sunday (August 30), markets on the Solana-powered Serum DEX, which its developers (Project Serum) describe as “the world’s first completely decentralized derivatives exchange with trustless cross-chain trading”, went live. What is Solana? Solana is “an open source project implementing a new, high-performance, permissionless blockchain” that is maintained by the Geneva-based […]

Crypto Market Update: $BTC Trading Around $11500, $YFI Trading Over $25000

This article provides an update (as of 21:25 UTC on August 29) on the cryptoasset market, with a particular focus on the following digital assets: Bitcoin (BTC) and yearn.finance (YFI). To give you a rough idea of how well the crypto market is doing today, 41 of the top 50 cryptoassets (by market cap) are […]

DeFi Startup Aave (LEND) Takes a Giant Step Toward Mainstream Adoption

On Monday (August 24), decentralized finance (DeFi) startup Aave announced that Aave Limited, its UK entity responsible for integrations and support, had been authorized by the Financial Conduct Authority (the UK’s financial regulator) as an electronic money institution (EMI). What is Aave? In case you are wondering about the name “Aave”, it is a Finnish […]

Uniswap Overtakes Tether as Ethereum’s Largest Gas Spender

Decentralized exchange Uniswap overtook Tether’s USDT as the largest gas consumer on ethereum’s network.

0x Hits Two-Year Price High Amidst Falling Ethereum Fees

Decentralized exchange protocol 0x underwent a surge in price on Friday as investors hope falling ethereum congestion will lead to greater DEX usage.

Total Value Locked in Decentralized Finance Surpasses $6 Billion

There are now over $6 billion worth of bitcoin and ether locked in the decentralized finance space, as more and more protocols cross the one billion dollar mark, and make progress on their roadmaps. According to data from DeFiPulse, there are now over $6.3 billion locked in the decentralized finance space, and three projects have […]

OKEx First Exchange to List Curve (CRV), Ramps Up With Three Other DeFi Tokens

OKEx has officially become the first exchange to list the decentralized finance token Curve (CRV), in addition to three other DeFi projects.

Money Market Protocol Aave Announces V2 Features, LEND Now Up Over 4200% in 2020

Aave, one of the hottest projects in the decentralized finance (DeFi) space, has several exciting new featured lined up for the upcoming phase/version 2 of the Aave Protocol. What is Aave? In case you are wondering about the name “Aave”, it is a Finnish word that translates to “ghost” in English, and it is was […]

Yam 2.0 Planned After DeFi Project Yam.Finance’s YAM Token Falls 99%

A new yield farming decentralized finance project has seen users lock over $500 million worth of cryptoassets on it before a bug was discovered, and plans for a second version of the project were created. The Yam.Finance DeFi project combines a number of decentralized finance applications, including an elastic supply inspired by Ampleforth, a fair […]

Coinbase Considering the Idea of Listing One or More ETH-Based DeFi Tokens

Popular cryptocurrency exchange Coinbase has announced that it is “exploring the addition of a range of new assets.” According to Coinbase’s blog post, the US-based exchange is committed to offering support for assets that meet their technical standards and comply with applicable laws. The exchange says it expects over time to offer clients around the […]

MakerDAO Surpasses $1 Billion in Total Value Locked as DeFi Space Keeps Growing

MakerDAO, the non-custodial lending protocol used to create DAI stablecoins, has become the first in the decentralized finance (DeFi) space to surpass $1 billion in total value locked in it. The milestone comes as users keep on locking cryptoassets in the DeFi space, so much so it has grown from over $660 million in total […]

Is the Decentralized Finance Space in a Bubble? What to Consider

The decentralized finance (DeFi) space has been trending in the cryptocurrency industry so far this year thanks to various developments and trends seen in it, including the introduction of governance tokens and yield farming.

Institutional Interest in DeFi Could Soon Grow Thanks to Compoud’s Custodian Integration

Institutional interest in decentralized finance (DeFi) could soon grow thanks to Compound’s integration of crypto custodian Curv, which according to CoinDesk is primarily focused on institutional clients.

Derivatives Trading Platform Synthetix (SNX) Is up Over 5,000% Since 2019

SNX, the native token for derivatives trading platform Synthetix is the best performing DeFi product since April 2019, appreciating more than 5000 percent in value. 

Decentralized Finance Platform bZx Joins Liquidity Farming Craze

DeFi platform bZx has issued a pair of proposals that would update the platform to allow users to participate in fee generation and liquidity farming. 

Ethereum Activity Reaches 2-Year High as DeFi Craze Continues

Ethereum activity has reached a 2-year high amidst the ongoing craze for decentralized finance (DeFi) products, which now account for $1.4 billion in value. 

Compound’s Governance Token COMP Is Now Down Over 40% From Its All-Time High

Compound’s governance token COMP has been trading for about two weeks, and is now down over 40% from its all-time high close to the $400 mark. Its market cap is still of over $500 million.

Yield Farming Pushes DEX Volume to All-Time High

Trading volume on decentralized exchanges (DEX) reached an all-time high last week amidst the growing demand for yield farming products. 

Ethereum Transactions Surpass 1 Million Thanks to DeFi Yield Farming

Ethereum transactions surpassed one million on June 22 amidst growing excitement for decentralized finance (DeFi) products and yield farming. 

Waves CEO Warns of Next ‘ICO Bubble’ Occurring with DeFi Projects

Waves founder and CEO Sasha Ivanov has warned against a potential “ICO bubble” occurring following the hype being generated by decentralized finance (DeFi) projects. 

Ethereum Outperforms Bitcoin Amid Surge in DeFi Popularity

Ethereum has outperformed bitcoin since the end of May amidst a general surge in popularity for decentralized finance projects. 

DeFi Market Update for 22 June 2020: Aave (LEND), Compound (COMP), Synthetix (SNX)

This article provides an overview of how three important projects in the decentralized finance (DeFi) space — Aave (LEND), Compound (COMP), and Synthetix — have been doing over the past 24-hour period, covers recent news that might have affected their tokens (or might do so in the future), and looks at interesting tweets about these projects/cryptoassets from prominent members of the crypto community.

DeFi Lending Protocol Compound to Start Distributing Its COMP Governance Tokens

Decentralized Finance (DeFi) lending protocol Compound is set to start distributing its COMP governance tokens later today, according to an announcement the firm published.

First: MakerDAO Community Voting on Real-World Assets on Platform

A vote currently up on the MakerDAO platform is currently highly leaning towards a “yes”, to allow shipping contracts to be used as collateral for the DAI stablecoin.

Wrapped Bitcoin Has Exploded Since Entering MakerDAO’s System

Wrapped Bitcoin is going through the roof, and the likely explanation is its new utility on the MakerDAO platform. WBTC can now be used to mint DAI, the decentralized stablecoin.

Equilibriums Crypto-Backed Stablecoin EOSDT Now Can Be Collateralized by BTC or EOS

On Friday (May 1), EOS-powered decentralized finance (DeFi) platform Equilibrium announced that its EOSDT product, which is a crypto-backed dollar-pegged stablecoin, now supports both Bitcoin (BTC) and EOS as collateral.

Initial Ether Staking Yields May Be 12-17%, Whales Are Accumulating ETH: Analyst

A manual audit of 10,000 Ethereum wallets has yielded a very bullish forecast for the leading altcoin, as it steams toward its long-awaited Ethereum 2.0 looms.

Hackers Exploit DeFi Protocol dForce for Nearly $25 Million, Return Part of the Funds

A hacker has managed to exploit Multicoin Capital-backed Chinese decentralized finance protocol dForce, draining nearly all the $25 million worth of bitcoin, ether, and stablecoins locked in it.

DeFi Sees Its Biggest Month Despite Coronavirus Outbreak

Decentralized Finance (DeFi) was one of the defining trends of 2019 in the cryptosphere and, despite the recent COVID-19 pandemic, it is showing no signs of slowing down. Registering tremendous growth since the beginning of the year, DeFi maintained its growth trend even during March, registering the biggest month for the ecosystem so far.