DeFi
February 17, 2021

DeFi
Dissecting the Memenomics of Dogecoin
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…
February 17, 2021

DeFi
MakerDAO is Piling on Fees as Dai Demand Booms
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…
February 17, 2021

DeFi
$SOCKS is Now Worth $85k. That’s it. That’s the Headline.
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. …
February 17, 2021

Education
How to Yield Farm – Staking on Aave
Yield Farming can mean many things — it comes in different shapes and flavors. There are many strategies to consider and yes, it’s risky, heady stuff so this video will run you through the essentials to give you a head start.
February 16, 2021

DeFi
NFT Sales Boom Past $100M in 30 Days
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…
February 16, 2021

DeFi
CREAM and Alpha Finance Get Hacked for $37.5M
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…
February 16, 2021

DeFi
The Road to Uniswap’s $100B in Trading Volume
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…
February 12, 2021

DeFi
The Defiant guide to DeFi Indexes – Be Like Buffett
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.
February 11, 2021

DeFi
Equilibrium Creating Version of Curve on Polkadot
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,…
February 11, 2021

DeFi
NBA Top Shot's $50M in Sales Beats CryptoKitties and Decentraland
The whole NFT digital collectible market has been exploding lately, but NBA Top Shot is in a league of its own. NBA Top Shot is a line of officially licensed, collectible NFTs (made by CryptoKitties creator Dapper Labs) showcasing the best moments from NBA games. Unlike most other collectible NFTs, which are dropped on marketplaces…