Hot on the heels of Synthetix’s launch of staking services on Layer 2 provider Optimism, Aave has shipped its own iteration of a scaling solution. With the launch, Aave’s aTokens, minted when users deposit digital assets into the lending protocol, can now be ported to the Matic Network, a version of the Layer 2 solution,…

Sometimes “HODL” really is the best advice. Simply holding Bitcoin and Ether massively outperformed crypto hedge funds (along with the vast majority of non-crypto assets) in 2020. BTC kicked off 2020 at just under $3,700  and reached almost $19,400 by the end of November, a 425% increase. ETH started the year at around $130 and…

Yearn Finance, the yield farming aggregator,  dropped its version two (V2) on Jan. 17, with a slew of changes including a mechanism to funnel staking fees to the protocol’s treasury, meant to make development sustainable in the long term. Yearn’s much anticipated V2 comes with a new fee structure which, while maintaining the same overall…

Everybody hates slippage.  That’s the problem Saddle, the freshly launched dApp “designed to enable efficient trading between pegged value crypto assets,” aims to tackle. And while the project quickly reached its initial deposit cap, it wasn’t without a couple of hiccups.  Saddle is a new automated market maker (AMM) that intends to provide liquidity for…

Things are hopefully about to speed up and get cheaper in Ethereum land, as Synthetix, the synthetic asset issuance protocol, deployed its staking code from Ethereum to Optimism, a Layer 2 scaling solution on Jan. 15.  Now, users can migrate their Synthetix Network Tokens (SNX), used to mint the protocol’s synthetic assets, to Optimistic Ethereum’s…

As decentralised finance protocols (DeFi) take on a more prominent role in driving total cryptocurrency market cap, Kyber Network eyes the $2 high last seen in August 2020. Currently exchanging hands at $1.33 (Binance), KNC surged 35% in 7 days. The KNC token had been in a period of consolidation since October, but the tables…

It’s time to buy a fire suit, because ETH is super hot. As Ether makes headlines surging past its previous high, other less flashy metrics are also near records, signaling the Ethereum network is strengthening not just in price. ETH hit a new all-time high of $1439.33, topping the previous record of $1432.88 reached during…

There are multiple ways with varying difficulties and requirements to stake your ETH. This week we’re covering the most user-friendly, easiest, and fastest ways to start staking.

Joe Biden’s new SEC chair may be, if not an advocate, at least very knowledgeable on blockchain technology. President-elect Joe Biden will be appointing MIT professor Gary Gensler as chair of the U.S. Securities and Exchange Commission, Reuters reported. Gensler is a Professor of the Practice of Global Economics and Management at MIT’s Sloan School…

Chainlink has fallen out of favor in the last few months, possibly due to the parabolic run-up it enjoyed in mid 2020, but the worst may be over. LINK’s supply ratio has been transitioning off exchanges ever since it reached a peak price of $20 in early August, on-chain market analytics firm Santiment revealed. .…