DeFi - Page 35
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ETH Staking Service Lido Aims To Go Fully Decentralized
The Ethereum staking-as-a-service company Lido is aiming to go fully decentralized. The project has implemented a skeleton upgradable smart contract for making new withdrawals and new deposits fully non-custodial. The project is still seeking an optimal solution to become a trustless node operator. Lido offers users the ability to stake ETH, which will be utilized…
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DeBank Launches DeFi Browser Extension Wallet With "Human-Readable" Features
Competition is heating up in the DeFi browser extension wallet category. DeBank, previously known primarily as a data provider, is the latest to announce a browser extension wallet geared especially for DeFi users. The wallet, called Rabby, will automatically switch between chains, according to the launch post. In practice, this means if a DeFi user…
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Sushiswap Trident
Trident was first developed with the core focus of capital efficiency and cryptocurrency volatility protection using powerful, yet intuitive and easy-to-use, tools to provide DeFi with its new protocol standard. Our goal was to reinvent the wheel, without sacrificing user familiarity with Sushi’s newly revamped and consolidated interface.
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How to Use Karuraswap
Trading is now live on Karura Swap, the First Decentralized Exchange in the Polkadot & Kusama Ecosystem. Karura Swap has opened trading for the KSM/KAR pair, which currently has $3,410,992.00 in Total Value Locked thanks to Karura Swap’s “Bootstrap” mechanism.
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$YFI at One. Remembering One Hell of a Year.
YFI launched in 2020 as one of the most memorable DeFi protocols ever with its fair launch, tiny token supply and reluctant anti-hero Andre Cronje as a pivotal figure in just doing things differently. Since then $YFI has suffered hacks, merged, purged, grown, shrunk but above all endured as a genuinely decentralized home for those…
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C.R.E.A.M. is Bringing Tether’s Euro-Pegged Stablecoin to DeFi
The competition to bring euro stablecoins to DeFi is heating up. Lending protocol C.R.E.A.M. Finance said it will make EURt, Tether’s euro-pegged stablecoin, available in its money markets to borrow and lend. At $62.28B according to its transparency page, Tether issues the largest supply of dollar-pegged stablecoins, USDT, and is looking to reproduce its success…
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Sushi Introduces Its Next Generation AMM Trident
Sushi has officially announced their next generation automated market maker (AMM) Trident. While SushiSwap started out as a fork of Uniswap, the announcement explicitly states that Trident is a new AMM “and not a fork.” Trident will focus on capital efficiency (ie: the ratio between invested capital and return) and integrate Sushi’s many products. Trident…
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Twitter's Jack Dorsey Announces DeFi on Bitcoin Project
Jack Dorsey, the Twitter CEO and Bitcoin enthusiast, wants to bring decentralized finance onto the OG cryptocurrency protocol. On July 15, Dorsey announced that his financial services and digital payments company, Square, is creating a new business focused on bringing non-custodial, permissionless DeFi services to Bitcoin. The new company, which is called “TBD” (just like…
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Upgrade Opens ThorChain to $4.9M Exploit
ThorChain, a popular decentralized exchange that enables native token swaps across different blockchains, was exploited yesterday to the tune of $4.9M. According to the project, the exploit was made possible by a recent upgrade to the protocol’s “Bifrost” router that connects ThorChain to Ethereum. The change allowed the attacker to trick the router using a…
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Hop Drops on Mainnet: A Protocol for Interoperability Across Scaling Solutions
As yields and prices cool, dampening down dreams of another DeFi summer, the hope of a Layer 2 version of the season has emerged. Pushing the dream forward is Hop Protocol, a project which allows users to “hop” across scaling solutions has launched on the Ethereum mainnet. Hop, which works with protocols compatible with the…