This primer will show you one of the most popular moves in DeFi.
DEXs are moving in recent market action.
First they made a chain because of that cool kid Hayden. Then they realised it didn’t work very well so they made another chain. And that was cool because it was cheap. Then people realised it didn’t work very well. So they made another chain which was actually the other two chains but with a …
SMART Alpha allows users to calibrate their exposure to the performance of an underlying asset. It does so by regularly redistributing an aggregated pool of the underlying asset between two groups of users: a senior side, and a junior side. When price goes up, seniors give up some of their assets to the juniors, and …
Fresh on the block, this week for our First Look we are unboxing a brand new tokenized asset management and derivatives trading protocol, Tranchess. Tranches, named after chess pieces… good move. Not built on Ethereum, Solana or Polkadot, this is a Binance smartchain protocol. So let’s check this out and see what it’s all about.
Binance Smart Chain’s most popular lending protocol, Venus, experienced a massive string of market liquidations totaling over $200M on May 18, and Venus, itself, has been left with $100M in bad debt because of it. The liquidations were primarily caused by the massive price swing of Venus’ governance token, XVS. The token jumped 88% from …
BSC’s Venus Protocol Left With Bad Debt After Liquidations Read More »
As the crypto sell-off continues, the Ethereum community has been more resilient than the Binance Smart Chain ecosystem, even though BSC enthusiasts tout the blockchain as a cheaper, faster alternative to Ethereum. While TVL on Ethereum had dropped 13% to $104.4B from $120B, Binance TVL had dropped 44% to $20B from $36B, according to data …
What Is Binance Smart Chain? Low Transaction Fees But Fickle DeFi Users Read More »
Safemoon, a Binance Smart Chain token, soared by 16 times in the past week driven by TikTok videos, only to immediately whiplash holders as it went on a dizzying ride that has halved its value. The token, whose platform’s only use case is to provide mechanisms to manipulate its price, is 54% below its high …
Safemoon Not So Safe? BSC Token Jumps By Over 10 Times, Then Halves Read More »
PancakeSwap, the leading Binance Smart Chain application in terms of market capitalization, blamed recent performance woes on an overloaded blockchain. “No, #PancakeSwap isn’t slow, BSC is just overloaded right now,” the tweet said. “We also have an ATH number of people using the site.” The increased demand for BSC block space appears to be the …
Binance Smart Chain Congestion is Slowing Down PancakeSwap Read More »
PancakeSwap, a Binance Smart Chain automated market maker, surpassed Uniswap’s total value locked for the first time yesterday hitting $7.87B, a mark $100M higher than the Ethereum AMM. That makes the BSC-based AMM the largest by assets locked. PancakeSwap’s TVL is more than 53 times larger than it was three months ago when the AMM …
PancakeSwap’s Total Value Locked Overtakes Uniswap’s Read More »
An unknown developer has deployed a smart contract called “Tinenanmen_Square” (mis-spelling Tiananmen Square), a censored topic in China, on Binance Smart Chain (BSC), with the implied intention of testing just how decentralized the chain really is. The smart contract is a game where users can mint TANK tokens starting at 1,000 TANKs, and going down …
“Tiananmen” Contract on BSC Seeking to Provoke CZ Read More »
The last couple of weeks, if you kept your ear close enough to the ground you could feel there was something brewing. I couldn’t quite put my finger on what it was because it wasn’t about high gas fees or the bull market or DeFi but something bigger than all that, it was the emergence …
#ALTDeFi BSC and the Rise of Off-Eth “Decentralized” Finance Read More »
1INCH is expanding into Binance Smart Chain (BSC), one of the first major Ethereum-based DeFi projects to make the jump. “Crossing the hell of burned #Ethereum lands our hero stumbles upon the mysterious yellow portal,” the project tweeted today. BSC users will get access to all the same 1Inch functionalities that are already available on …
The DeFi world is abuzz with the following question: Is Binance Smart Chain taking over Ethereum as the ecosystem’s base layer? We looked at the numbers and the answer is not by a long shot ––at least not yet–– and this is assuming that BSC can actually be considered DeFi, which some Ethereum advocates will …
ETH Remains DeFi King as BSC Fights for the Crown Read More »
