DeFi

DeFi
DeFIRE: How to Retire Using Only DeFi With Passive Income (Mirror Protocol, Anchor Protocol, Terra)
It’s sometime in the near future. We’re on the moon, in a Lambo. Yes, we made it. But now what? Are we going to cash out into fiat or cling onto another bear market? Or maybe there’s another way, something more sensible…

DeFi
DeFi Prices Ride the Elevator; Users Take the Stairs
It’s buy everything season in DeFi land. But while everything blows up, actual users are climbing at a slower pace. Ethereum is at an all-time high of over $1,630, as is the DeFi Pulse Index, which tracks major DeFi token prices. Total value locked (TVL) in DeFi just climbed above $30B, also a record. DEX…

DeFi
LINK Re-Enters Price Discovery Mode Above $25
The LINK marines are pushing all time highs again as whales hoard token supply and LINK balances on exchanges keep dwindling. Per data from Glassnode, the top 1% of LINK addresses have continued to accumulate the token all throughout 2020 and into 2021. At the time of publishing, the top 1% of addresses have acquired…

DeFi
Battle of the DeFi Lending Giants: Aave Closing in on Compound
Compound has reigned supreme as DeFi’s most popular lending protocol since its inception in 2018, but according to recent data trends, Aave has a fighting chance to take its crown. Price-wise, AAVE has massively outperformed COMP since the beginning of 2021. COMP started the year around $145 while AAVE was around $88. As of Feb.…

DeFi
Ren Project Joins Forces With Alameda Research
Ren Project, an open protocol that facilitates value transfer between blockchains, has joined forces with quantitative trading firm Alameda Research. Ren Project said in a Medium post that it will be prioritizing support for the Solana blockchain as part of its new partnership with Alameda. They plan to bridge assets between Solana and Ren’s multi-chain…

DeFi
Mark Cuban is DeFi’s First Billionaire Advocate
Mark Cuban, the billionaire entrepreneur and investor who stars on Shark Tank and owns the Dallas Mavericks, thinks that blockchain is the future of mainstream finance. After vocally supporting Reddit’s WallStreetBets during their GME stock rally aimed against Wall Street hedge funds, Cuban made himself available to WSB community members for an AMA (Ask Me…

DeFi
Balancer Unveils Generalized AMM in Upgrade
Balancer unveiled its V2 protocol upgrade, offering a generalized AMM solution for DeFi liquidity. Balancer allows users to create token pools with flexible constituents, weights and trading fees. With V2, Balancer will aggregate all its liquidity in one vault, while users will maintain an internal balance of the tokens they hold. The change is meant…

DeFi
DeFi Stocks Trading Climbs After Robinhood Fail
Synthetic assets trading in decentralized finance is picking up after stock buyers were locked out of traditional markets last week. Platforms like Mirror, FTX, and Synthetix, which are live, and others still in the works like Injective Protocol, allow investors to gain access to traditional stocks and assets via tokens which replicate their price. Daily…

Education
How to Trade Stocks if Your Robinhood Account is Frozen (Mirror.Finance)
Did Robinhood freeze your account? Do you want to buy stocks but you can’t? Well, that’s exactly why we have DeFi — it’s permissionless, it’s trustless, no one can freeze your account here. In this tutorial we take a look at how to buy stocks using Mirror Protocol. Mirror Protocol is a synthetics protocol providing…

DeFi
Yearn Holders Vote to Lift YFI Cap
Yearn Finance token holders voted for the protocol to mint 6,666 new tokens, prioritizing the implementation of a funding model for contributors over keeping a hard cap. Holders of 1.66k YFI (83.4%) voted “yes,” compared with 330.5 YFI (16.6%) voting “no,” on the off-chain governance tool Snapshot. In a recent proposal, Yearn Finance laid out…