The Rainbow Bridge, which connects the NEAR blockchain to Ethereum, is live. NEAR Protocol is a proof-of-stake blockchain that hosts the NEAR platform, a decentralized development platform that facilitates scalable, decentralized apps with low gas fees and fast transaction speeds.  The Rainbow Bridge is a decentralized, permissionless bridge protocol built by NEAR Protocol that allows…

The so-called “Kimchi Premium,” the difference between Bitcoin’s price on South Korean exchanges versus the international price spiked to 23% before dropping to roughly 14% at the time of writing. This meant that BTC traded for almost $70K on Apr. 5 in South Korea, while the price was around $58K internationally. The 23% peak is…

Compound has become the number one DeFi protocol by value locked. Compound had already been leading in terms of liquidity supplied—with over $15 billion deposited at the time of writing—but lagged behind MakerDAO in TVL. And one notable wallet recently made a significant contribution to those assets. The reason for this difference boils down to the…

Yat, a project building internet identities, ran its first auction last week, selling 18 “yats,” or strings of emojis which can be used in URLs or as payment addresses. Its highest selling item, the key emoji sold for $425K according to the auction’s website.  Yat is aiming to create a “new censorship resistant internet identity…

Kyber Network, a decentralized exchange, launched a new product called a dynamic market maker (DMM), which the project says will optimize fees for liquidity providers (LPs). The first difference from automated market makers (AMM) is that while the 0.03% which Uniswap LPs receive is fixed, Kyber has introduced “dynamic fees” which increase during times of…

Coinbase, the largest US-based cryptocurrency trading venue, has opened up the books highlighting just how powerful this crypto behemoth has become. There are more Coinbase users now than there ever will be Bitcoin mined. Over 10% of the entire crypto market rests in its balance sheet. And it is raking in billions, with revenue more…

As DeFi grows, keeping tabs on all the available products has become increasingly challenging. Even for those individuals who are able to keep track, the scattered nature of the many protocols, each with their own controls and very different user interfaces, makes operating in the sector a challenge. One of the best ways of mitigating this…

Investing in individual non-fungible tokens or NFTs is a problematic task. The NFTs that seem likely to do well as investments are selling for astonishing sums pricing out both newcomers and established collectors. For those seeking exposure to high-flying NFTs, fractionalization may well be the answer.  The Basics of NFT Fractions NFT fractions, also known…

When something new comes along in DeFi you have to try it out to truly understand what it is and how it works. That’s what we’re doing with this new series. Say hi to ‘First Look’ and let’s start unboxing.

One key aspect of DeFi is that it enables users to combine different applications in new and meaningful ways. That’s what “Money Legos” are all about. In this tutorial we demonstrate how this works, quite visually, with Furucombo.