Reddit announced a partnership with the Ethereum Foundation, a sign it’s betting on a more decentralized internet and doubling down on the leading smart contract platform.  The social media company and the foundation started collaborating last year with the  Scaling Bake-off, a scaling technology competition. Reddit is also exploring  Community Points – or non-transferable ERC20…

By Dan Kahan and Owen Fernau GameStop stock (GME) is going to the moon. So are AMC Theaters (AMC), Nokia (NOK), BlackBerry (BB), and maybe even Bed Bath & Beyond (BBBY)—just ask the shitposters on Reddit’s r/wallstreetbets (WSB). The WSB saga has been a fascinating black box for anyone interested in finance (or wealth redistribution,…

Binance is offering a new high-yield staking option for CRV holders. Locked CRV staking will be offered on a first-come, first-served basis, and is available for 15, 30, and  60- day durations. Lenders can stake anywhere from one to 5,000 CRV, and earn up to 13.42% APY for a 60-day locked stake. CRV is the…

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…

Fixed rate lending has been slow to take off in DeFi. That’s what one of the latest MakerDAO proposals is seeking to change.  Maker Improvement Proposal 43 would enable MakerDAO to buy fixed-rate loans. The goal is that having DeFi’s largest protocol buying tokenized loans issued by other protocols, at more favorable terms, will boost…

Transactions on the Ethereum network continue to outpace Bitcoin’s as momentum for decentralised finance protocols snowballs. ETH is testing all-time highs, but has yet to double in price from its record, like BTC did. Highest Since 2017 Ethereum transactions are soaring near the high reached at the top of the 2017/2018 crypto rally, at around…

Lower transaction fees on Ethereum won’t come into play until the full transition to the PoS mechanism is complete, which is still years away. In the meantime many Layer 2’s are providing scaling solutions. In this video we’re taking a look at Loopring which allows you to execute gas-less transactions using zkRollups.

dYdX closed its Series B round with an investment of $10M led by Three Arrows Capital and DeFiance Capital. Other investors include Wintermute, Hashed, GSR, SCP, Scalar Capital, Spartan Group, and RockTree Capital. The dYdX exchange, which focuses on derivatives trading, notes that since launching its  decentralized perpetual contracts for three markets in 2020, it’s…

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…

“Wen Digg,” another day another meme in DeFi, though this one appears to be headed for the graveyard as Digg, the rebasing crypto asset pegged to Bitcoin, is now live on the Ethereum blockchain. Last Friday, BadgerDAO, the DeFi protocol which aims to build “products and infrastructure necessary to accelerate Bitcoin as collateral across blockchains,”…