Owen Fernau

Yearn Raises Dai Vault Limit as Alchemix Deposits Surge

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 …

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“Tiananmen” Contract on BSC Seeking to Provoke CZ

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 …

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DEX Project Proposes Porting SushiSwap to Solana

The SushiSwap community is now voting on a proposal to build SushiSwap on the Solana blockchain using the Solana-based Raydium DEX as a bridge. Raydium proposes “acting as a bridge and partner for SushiSwap’s expansion onto Solana,”  allowing SushiSwap to access additional liquidity from Serum and leverage the chain to increase transaction fees and lower …

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DeFi Protocols are Bringing in Record Monthly Revenue

DeFi protocols are generating more money than ever before, and users are taking the large majority of it, according to a dashboard released by The Block yesterday. Uniswap, SushiSwap and Compound generate the most revenue out of the DeFi protocols tracked by The Block. This month, they’re each on track to bring in record revenue …

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Non-Ethereum Based DeFi Tokens Show Resilience Amid Selloff

Non-Ethereum DeFi tokens are outperforming their Ethereum peers. Of the top 10 best-performing DeFi tokens with over $100M market capitalizations in the past seven days, six are non-Ethereum or cross-chain based and four exist solely on the Ethereum blockchain.  On the flip side, looking at the 10  biggest DeFi losers of the last seven days …

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