Aave, DeFi’s third-largest protocol by assets in its smart contracts, will be expanding onto the Polygon network as it aims to improve scalability. Need for Scalability Consistently high gas fees, while indicative of Ethereum’s growing success and adoption, have the downside of pricing out smaller investors, Aave said in a March 31 blog post. In…

While searches for “NFTs” have outpaced those for “DeFi” by seven to one at the close of 2021’s first quarter, DeFi has quietly doubled or tripled by most key metrics. Deposits in Ethereum-based DeFi more than doubled to $37.7B from $16.6B at the start of the year, according to DeBank, besting 2020s Q4’s 90% increase…

A new web3 media platform called Mirror offers a new way for journalists to monetize their work. This past month, I set out to explore the NFT value stack – leveraging Mirror to make the essay into an NFT. The post, titled “NFT Value Capture Equation” was broken down using a fractional token called $VALUE.…

Liquidity providing isn’t as straightforward as you might think. When becoming an LP, you’re asked to provide both of the coins the pool represents. This can become costly for many, although there is a nifty trick we demonstrate in this video that bypasses that hurdle.

CME Group, the world’s largest financial derivatives exchange, is set to launch Micro Bitcoin futures, at one-tenth of a Bitcoin, on May. CME Group already offers standard Bitcoin futures, which have traded at an average volume of 13,800 contracts (roughly 69,000 BTC) daily throughout 2021. Micro Bitcoin futures will offer institutional traders and investors more…

Element Finance raised $4.4M in a seed round led by Andreessen Horowitz and Placeholder accompanied by SV Angel, A.Capital, Scalar Capital, and Robot Ventures.  Angels included Joseph Lubin, Fernando Martinelli, Stani Kulechov, Mariano Conti, Robert Leshner and Tarun Chitra. The project aims to bring liquidity to the fixed-rate income and interest markets Users will be…

Dharma just made getting started in DeFi easier.  Users can now move funds from their bank account into the Compound Finance, Aave and Yearn Finance protocols with one tap and begin earning interest of at least 7.7% currently, more than 100 times the United States’ average savings rate of .07% according to Bankrate. It’s the…

Delta Financial, a new on-chain options layer, is already making a big splash in DeFi—by waging war against Uniswap.  As reported by Decrypt, shortly after Delta launched their DELTA token on Uniswap on March 28, Uniswap’s 24-hour trading volume rocketed up 450%, from $1.2B all the way up to $7.2B. $DELTA accounted for $6.1B, or…

NFTs have been pitched as a radical, new form of digital ownership detached from the whims of centralized companies. Unlike digital goods in mobile games, which are traditionally tied to the lifespan of a games’ server, NFTs are said to be truly “ownable.” In other words, as long as you own the token, you own…

MobileCoin (MOB) is up more than five times in the last 48 hours after a trader was borrowing what was at one point $120k worth of the token per hour to short it, according to crypto influencer who goes by Donny Crypto on Twitter. MOB is the MobileCoin project’s token and is intended for use…