DeFi

DeFi
DeFi Has a First World Problem: Too Few Developing Nations’ Users
It’s become a consensus view that the use case for cryptocurrencies becomes stronger in emerging economies, which are more often plagued with authoritarian regimes and devaluing currencies than developed nations. If that’s the case, then DeFi builders aren’t reaching the audience that needs them most. Developing nations made up only 10% of the biggest DeFi…

Education
How to Earn Fixed Interest (20%) on UST Using Anchor Protocol
Anchor protocol aims to deliver a fixed rate of 20% APY on your deposits. A huge improvement over traditional savings accounts in trad fi. As always, please exercise caution and common sense. This is NOT financial advice.

DeFi
Uniswap V3 Drop Features L2 Move and 4,000x Gain in Capital Efficiency
Uniswap has mapped out what is perhaps the most anticipated DeFi product launch of the year with its post introducing its version three (V3) iteration. The team confirmed what many hoped: following a targeted May 5th launch, a deployment to Optimism’s Layer 2 scaling solutionis “set to follow shortly after.” As Uniswap trades currently cost…

DeFi
Float Attracts $1.3B of Assets Locked as Non-Pegged Stable Assets Gain Steam
Float Protocol has over $1B of cryptocurrency locked in its contracts after less than a day since the project’s phase two distribution event began. The locked cryptocurrency “will not be used for anything,” according to the launch post, except to “distribute BANK, build an active user base, and provide signaling.” BANK itself will be used…

DeFi
BitClout's Insiders-Only Pre-Launch Overshadows Social Media Revamp
BitClout, a blockchain-based social networking platform branding itself on the ability to speculate on celebrities’ social media presence with real money, officially launches today. But while BitClout’s novel premise has drummed up support amongst big-name investment firms, its password-locked pre-launch allowing insiders to access the platform and buy its token prior to the public release,…

DeFi
No Downside!? Deep Dive on Tranches and Structured DeFi
Step into crypto and it can feel like you’re throwing your life to the gods of thunder. I’m here, you say, take me, throw me into the void. And, ape that you are, you keep walking towards that edge.

DeFi
Tyler Winklevoss Makes GUSD Proposal on Aave
“Bitcoin billionaire” Tyler Winklevoss of Gemini submitted a governance proposal on a community forum for GUSD to be used as stablecoin collateral for loans on AAVE. Currently, GUSD can only be borrowed. GUSD is a stablecoin that maintains value by holding one USD in reserve for each stablecoin issued. By using GUSD as collateral, borrowers…

DeFi
Gnosis Merges With Snapshot to Facilitate On-Chain Governance
Gnosis’ newly launched DAO governance tool, SafeSnap, aims to allow users to execute decentralized governance decisions without incurring expensive gas fees on-chain. Gnosis has merged its multisig wallet, Gnosis Safe, with the off-chain (and therefore gasless) DAO governance dashboard, Snapshot, to create SafeSnap as an addable module for Gnosis Safe. SafeSnap is designed to verify…

DeFi
1Inch Aims to Reduce Gas Fees With V3
Version 3 of the 1Inch DEX Aggregation Protocol is launching with a focus on facilitating lower gas fees. 1Inch v3 has aimed to optimize its assembly code to reduce gas fees applying to swaps using Uniswap v2 and its forks. The new version is also designed to use traditional splits across several paths if those…

DeFi
MetaMask Mobile Users Get Single Swipe Trading
Ethereum wallet MetaMask introduced Swaps to their mobile app yesterday. The feature allows users to trade cryptocurrencies with a single swipe. Swaps finds prices and network fees by combining data from automated market makers, professional market makers, request for quotes (RFQs), and individual decentralized exchanges (DEXs). By acting as an aggregator, the trading system aims…
