The field for fixed-rate lending protocols is becoming more dense as HiFi has joined the fray.  Like Notional Finance and Yield Protocol, HiFi is able to offer fixed rates by locking in a specific duration by which the loan will mature. The debt will be represented with a “yToken,” which refers to tokenized debt backed…

Vesper, a DeFi investment platform, came out of beta and launched its VSP governance token. Following a successful beta period with $28M in total value locked, Vesper aims to bridge the gap between traditional DeFi users and investment industry professionals who are new to the space. Users are able to choose to deposit crypto in…

Another week, another wild, Elon Musk-tweet driven, Dogecoin gyration. The latest one has chart arrows pointing down. But beyond what’s behind the most recent swing, let’s look at what’s driving the whole pendulum: hype. Irrational speculative manias have been present as long as there have been markets; they’re a part of human nature. But at…

DeFi’s central bank is piling on fees. MakerDAO backend and oracles engineer Nik Kunkel tweeted that if the current market conditions remain stable, the protocol would generate ~$71M in annual stability fees. Stability fees paid by Maker borrowers (similar to borrowing costs), are then burned by the protocol, indirectly benefiting MKR holders by reducing the…

If you’ve ever felt that twinge of disappointment upon unwrapping a birthday gift and seeing a pair of socks, DeFi is here to give you a wake up call. Unisocks (created by Uniswap) is DeFi’s twist on…well, socks. And just like pretty much everything else in DeFi right now, they’re on a major bull run. …

In the midst of a growing NFT boom, marketplaces like OpenSea, SuperRare and Nifty Gateway are experiencing record-breaking volumes. There was over $100M in NFT sales over the last 30 days, according to Crypto Slam, which tracks the data, and a large part of the trading action is taking place on secondary markets. This means…

DeFi experienced one of its more complex exploits over the weekend. An attack which resulted in ~$37.5M drained from CREAM Finance’s Iron Bank using Alpha Homora’s leveraged debt. An attacker was able to use Alpha’s sUSD contracts which had not yet been released to the public or made available in the UI to act as…

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…

After all, if it’s good enough for the Oracle of Omaha… might there be something here for us? In this episode we’re going to look at indexes both centralised and decentralized before ending our journey at the mysterious $DEGEN token.

Equilibrium, an interoperable money market, announced on a Feb. 9 Medium post plans to create a version of Curve Finance’s automated market maker on the project’s chain within the Polkadot ecosystem. Equilibrium will be able to facilitate trading for homogeneous assets on Polkadot, whether they are DOT-based or different tokenized versions of the same asset,…