DeFi - Recent articles
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Bancor Aims to Eliminate Impermanent Loss With Upgrade
Bancor has unveiled the next step in their new AMM design. The 2.1 release introduces an elastic BNT supply, used to cover impermanent loss for LPs through a mechanism called Liquidity Protection. The update builds on the ability to add single-sided liquidity, or using one token to pool liquidity instead of two like Uniswap. LPs…
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Coinbase on Layer 2 is Latest in Ethereum Scaling Boom
There’s been an explosion of Ethereum scaling developments this past week, with the latest and arguably biggest one announced yesterday: Coinbase Wallet is integrating with Optimism’s Optimistic Rollup testnet. Coinbase Wallet is the US exchange’s non-custodial wallet and dapp browser (not the exchange itself) and the integration will allow users to view their balances and…
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Blue Kirby Sign Off Stains Anon DeFi Projects
Here’s the fable of Blue Kirby, the anonymous, video-game based character, who rode the explosive rise of the most popular DeFi token to the top and crashed back to earth along with it. Blue Kirby’s Twitter account emerged in the space at the end of July, right as Yearn Finance was gaining traction from its…
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No, DeFi is Not Dead
DeFi Token Price Doesn’t Show the Full Picture The DeFi bubble might have popped but DeFi itself is stronger than ever. After an absolute DeFi explosion this (northern hemisphere) summer, with food-themed coins popping up everywhere, hundreds of millions in digital assets flowing into untested and unaudited protocols, anonymous founders based off cartoon characters hailed…
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Traders Are Eager to Make the LEND to Aave Switch
On-Chain Markets Update by IntoTheBlock DeFi lending protocol Aave started the migration from the LEND utility token to its new AAVE governance token. The migration had originally been proposed in the Aavenomics token economics upgrade paper and was recently approved through governance with 100% of addresses voting “Yae”, or in favor of the proposal. LEND…
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Maker Stability Fee Increase May Boost MKR Price
MakerDAO has casually reintroduced stability fees for the ~$900M worth of DAI now in circulation. Maker’s MKR holders voted to raise the protocol’s stability fee – similar to interest rates for Dai borrowers – to 2% for ETH collateral from 0%, the highest since January. The reintroduction of stability fees sets Maker on track to…
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Snapshot Gets $200k From Aragon and Balancer for Governance Standards
Off-chain voting solution Snapshot got a stimulus boost thanks to $200k in funding from Aragon and Balancer yesterday afternoon. Both teams have pledged $100k in their native tokens, ANT and BAL, into a 50/50 Balancer pool to be used by Snapshot for future funding. @SnapshotLabs to get $200k in funding in a 50/50 BPT of…
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DeFi is About to Get More Tokenized Indexes
Set Protocol is doubling down on the success of the DeFi Pulse index by launching a new project – the Index Coop – focused on creating accessible crypto indexes. Tokensets, a platform for users to purchase sophisticated trading strategies in the form of ERC20 tokens called Sets, recently deployed the DeFi Pulse Index (DPI), a…
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MetaMask Adds Native Token Swaps
MetaMask, the most popular Ethereum wallet, is often used as a gateway to DeFi but today it becomes part of the growing financial ecosystem itself as it introduces the ability to swap tokens directly on the app. MetaMask will source its liquidity across decentralized exchanges and DEX aggregators with the aim of providing the best…
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BitMEX Charges Highlight Case for Real DeFi
CFTC charges against BitMEX are bound to push more cryptocurrency projects towards decentralization — but that means actual* decentralization. The Commission today filed charges against BitMEX and its owners and operators including CEO Arthur Hayes for operating a trading platform without CFTC approval, and for failing to implement know-your-customer procedures, a customer information program, and…
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Aave Proposes V4 Iteration With Cross-Chain-Liquidity Layer
Aave v4 will aggregate liquidity from multiple networks via a cross-chain liquidity layer.
Crypto Markets Dive Ahead of Fed Meeting
Over $340 million of long positions were liquidated in the past 24 hours.
SynFutures v3 Overtakes Uniswap and dYdX By Daily Volume
Points farmers have driven SynFutures v3's daily DEX dominance up to 12%.
Binance Founder Changpeng Zhao Gets 4-Month Prison Sentence
In Nov. 2023, the executive pleaded guilty to violating the Bank Secrecy Act.
Crypto Markets Bleed on Underwhelming Hong Kong ETF Flows
Six Bitcoin and Ether ETFs that debuted on the Hong Kong market on Tuesday generated just $11 million in trading volume.
Coinbase Rolls Out Bitcoin’s Lightning Network
The integration comes thanks to a partnership with Lightningspark.