Yearn is getting another tool: leverage. Yearn Finance, pioneer of yield aggregation, has started what participants hope to be a synergistic relationship with DeFi project Alpha Homora by way of its partner projects, C.R.E.A.M. and Sushiswap.  Alpha Homora, a protocol which enables leverage for liquidity providing and yield farming, recently announced its version two (v2)…

A wallet holding over 1% of the $21B total value locked in DeFi has surfaced on crypto Twitter. The whale, whose ether address is 0xB1AdceddB2941033a090dD166a462fe1c2029484, has a net worth of ~$340M, with $482M in assets and $141M in debt, according to DeFi wallet tracker DeBank. Only $8.5M sits unused while 97% of the capital is…

Pro-Trump rioters lay an unprecedented siege on the U.S. Capitol, effectively shutting down and forcing an evacuation of the Congressional session intended to certify the electoral votes in favor of president-elect Joe Biden. One thing is clear: the U.S. government is in turmoil.  Meanwhile, the Dow Jones ended the day on a record high and…

On-Chain Markets Update by Lucas Outumuro, IntoTheBlock This Week: Ethereum’s Growth Catalysts Amidst an Overheated Market After underperforming Bitcoin in Q4, Ether’s price has managed to grow by over 60% in the first week of January. Having officially launched phase zero of ETH 2.0 in December, Ethereum has seen a wave of positive events unfold.…

ShapeShift will be fully embracing DeFi protocols and getting rid of KYC. The Colorado-based company will now route traders to decentralized exchanges, rather than holding cryptocurrency and being the counterparty in customers’ trades. This change allows it to stop collecting users’ information. Only ether and ERC20 tokens are supported for now. Fundamental Change  “Today, ShapeShift…

Uniswap liquidity is fast approaching an all-time high and this time the most used decentralized exchange (DEX) isn’t riding the wave of its liquidity mining program. The automated market maker (AMM) hit a previous high of $3.36B in liquidity during the end of its incentive program when the exchange was awarding liquidity providers (LPs) with…

In a landmark decision issued by the US Office of the Comptroller of Currency (OCC), national banks and federal savings associations have been granted permission to participate in independent node verification networks (INVN) and use stablecoins to conduct payment activities. This allowance for the integration of US centralized banking with emerging, decentralized technology speaks to…

Wall Street’s favorite ether investment vehicle is plunging just as the underlying cryptocurrency is near records. But there’s a good reason why. Grayscale’s Ethereum Investment Trust, ETHE, has dropped from a 6-month high of $23 on Dec. 22, to $14 at the time of writing. That ~40% drop contrasts with the near 70% rise of…

While bitcoin has proven cryptocurrency naysayers wrong again with its astounding gains in the past weeks, an adjusting market dynamic becomes more apparent as alternative cryptocurrencies (altcoins) stage a comeback. Bitcoin welcomed newcomers to the crypto space in an all-too-traditional baptism of fire on Sunday, so much so that upwards of $500 million in long…

YAM holders voted to remove the token’s rebase mechanisms, which expanded and contracted supply seeking to  establish a stable price, after taking DeFi by storm this summer. Rebases issued and burned new tokens based on the price of YAM, targeting a $1 peg. After migrating to YAM V2 following a smart contract exploit that caused…