DeFi is catching the attention of the mainstream consumer, as NFTs draw artists in and Elon Musk to Mark Cuban sing its praises. Introducing DeFi to consumers has been both a design and messaging challenge due to the technical comprehension required. Yet the rate of production and adoption may be converging. In the last week …
“Bitcoin billionaire” Tyler Winklevoss of Gemini submitted a governance proposal on a community forum for GUSD to be used as stablecoin collateral for loans on AAVE. Currently, GUSD can only be borrowed. GUSD is a stablecoin that maintains value by holding one USD in reserve for each stablecoin issued. By using GUSD as collateral, borrowers …
Uniswap has become the first decentralized trading platform to process over $100B in volume, a sign DeFi is starting to compete in the big leagues of crypto. The milestone for the DEX, which launched just over two years ago, shows that automated market makers, which are based on token liquidity pools instead of centralized order …
You know we’re heading into frothy markets when an otherwise unremarkable tweet sends a token flying. Alpha Homora’s token ALPHA jumped by almost 50% to the highest since its launch in October after the DeFi project tweeted on Monday that 0.39% of ETH supply is locked in its smart contracts. That’s $600M, or 11th in …
New DeFi Lending Protocol Alpha Homora is Quickly Catching Up Read More »
Kyber Network just overhauled its protocol and token holders are loving it. Kyber’s KNC jumped 25% on Thursday after the announcement to the highest since 2018, compared with ETH’s 10% increase. Over the weekend KNC retraced some of the gains and has been hovering between $1.3 and $1.45. The upgraded Kyber 3.0 will be transitioned …
Kyber Overhauled its Protocol and Token Holders Love It Read More »
