Upshot: Uniswap and PancakeSwap have become household names in decentralized exchanges but a new crop of platforms are coming online with the promise of lower fees and more pricing transparency. With gas prices making headlines throughout the first half of 2021, it’s worth taking a deeper dive into what your options are when trading across …
First came the tweet, then countless discussions and debates followed. Within days, voila! A governance proposal materialized. This pattern is rapidly becoming the norm for DeFi protocols. This time the initiator was Sam Kazemian, the founder of Frax Finance, a protocol for a fractional-algorithmic stablecoin. His tweet suggested that Sushiswap, the automated market maker, should …
Proposal to Build Sushichain Catches Eyeballs, Raises Eyebrows Read More »
Binance Smart Chain’s most popular lending protocol, Venus, experienced a massive string of market liquidations totaling over $200M on May 18, and Venus, itself, has been left with $100M in bad debt because of it. The liquidations were primarily caused by the massive price swing of Venus’ governance token, XVS. The token jumped 88% from …
BSC’s Venus Protocol Left With Bad Debt After Liquidations Read More »
As the crypto sell-off continues, the Ethereum community has been more resilient than the Binance Smart Chain ecosystem, even though BSC enthusiasts tout the blockchain as a cheaper, faster alternative to Ethereum. While TVL on Ethereum had dropped 13% to $104.4B from $120B, Binance TVL had dropped 44% to $20B from $36B, according to data …
What Is Binance Smart Chain? Low Transaction Fees But Fickle DeFi Users Read More »
Safemoon, a Binance Smart Chain token, soared by 16 times in the past week driven by TikTok videos, only to immediately whiplash holders as it went on a dizzying ride that has halved its value. The token, whose platform’s only use case is to provide mechanisms to manipulate its price, is 54% below its high …
Safemoon Not So Safe? BSC Token Jumps By Over 10 Times, Then Halves Read More »
