Degenbox is a strategic program created by Abracadabra Money to solve the issue of accepting non-interest-bearing tokens. In this tutorial we run through the steps of creating a looping yield mechanism through $UST and $MIM.
“Degen” traders are likely salivating at an announcement by DeFi’s rising star Daniele Sestagalli, claiming that they will soon be able to earn high yields from their stablecoins thanks to a new cross-chain, leveraged yield farming protocol. The Abracadabra founder said today on Twitter that a protocol which connects Ethereum with the Terra blockchain to…
They say imitation is the highest form of flattery. In crypto, this manifests as forks, or copies of a project’s codebase. In that sense, OlympusDAO must be feeling pretty flattered.
For an industry that has decentralization in its very name, DeFi’s reliance on centralized stablecoins remains an Achilles’ heel, making it an easy target for overzealous regulators.
Things aren’t getting easier for those struggling to stay current with the lightning quick DeFi space. Just when you think you’re up to speed with the latest token or protocol along comes something new. Brace yourselves because here comes DeFi 2.0. What that term actually means is still in flux. While DeFi 2.0’s meaning is…
