Day: January 20, 2021

Yearn Overhauls Fee Structure in V2

Yearn Finance, the yield farming aggregator,  dropped its version two (V2) on Jan. 17, with a slew of changes including a mechanism to funnel staking fees to the protocol’s treasury, meant to make development sustainable in the long term. Yearn’s much anticipated V2 comes with a new fee structure which, while maintaining the same overall …

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New AMM Saddle Had Bit of a Rocky Start

Everybody hates slippage.  That’s the problem Saddle, the freshly launched dApp “designed to enable efficient trading between pegged value crypto assets,” aims to tackle. And while the project quickly reached its initial deposit cap, it wasn’t without a couple of hiccups.  Saddle is a new automated market maker (AMM) that intends to provide liquidity for …

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Synthetix Introduces Layer 2 Staking on Optimism

Things are hopefully about to speed up and get cheaper in Ethereum land, as Synthetix, the synthetic asset issuance protocol, deployed its staking code from Ethereum to Optimism, a Layer 2 scaling solution on Jan. 15.  Now, users can migrate their Synthetix Network Tokens (SNX), used to mint the protocol’s synthetic assets, to Optimistic Ethereum’s …

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Kyber Network Shows Signs of Life as DeFi Booms

As decentralised finance protocols (DeFi) take on a more prominent role in driving total cryptocurrency market cap, Kyber Network eyes the $2 high last seen in August 2020. Currently exchanging hands at $1.33 (Binance), KNC surged 35% in 7 days. The KNC token had been in a period of consolidation since October, but the tables …

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Ethereum Making ATHs Beyond Just the Price

It’s time to buy a fire suit, because ETH is super hot. As Ether makes headlines surging past its previous high, other less flashy metrics are also near records, signaling the Ethereum network is strengthening not just in price. ETH hit a new all-time high of $1439.33, topping the previous record of $1432.88 reached during …

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