Amazon Managed Blockchain, an AWS offering, now fully supports Ethereum. This means that companies will be able to spin up a node “in minutes” as the release says. Customers will be able to offload infrastructure issues of “data reliability due to out-of-sync nodes, data storage scaling challenges, and time-sensitive Ethereum software upgrades,” to AWS. This …
DeFi is regaining its footing in March after a market-wide plunge at the end of February. The DeFi Index Pulse is up 14% this week after dropping more than 20% in the last week of last month. Total value locked (TVL) too, is on the rise in March after a weeklong 20% tumble to $36B …
The DeFi Pulse Index (DPI) has added Sushiswap’s Sushi token to its set of assets. DPI now includes 12 tokens, with Sushi comprising 8% of the index’s total value. The only three project’s with tokens representing higher allocations are Uniswap, Aave, and Synthetix, with 30, 19, and 13% respectively. The projects launched within a month …
Compound Finance has introduced a prototype blockchain which allows users to borrow on one chain against collateral on another chain. When the blockchain, called Gateway, is live, users will be able to, for example, deposit Polkadot’s native DOT token, and borrow Ether against that collateral, freely using that ETH in the Ethereum ecosystem. This contrasts …
Deposits in Yearn Finance’s DAI vault are rising after synthetic assets protocol Alchemix started using Yearn for its backend last week. Alchemix deposits quintupled to almost $130M from less than $25M on Feb. 27, when the protocol launched. The surge pushed Yearn to raise its Dai vault limit to 300M from 100M. The move shows …
Yearn Raises Dai Vault Limit as Alchemix Deposits Surge Read More »