Kyber Network just overhauled its protocol and token holders are loving it. Kyber’s KNC jumped 25% on Thursday after the announcement to the highest since 2018, compared with ETH’s 10% increase.  Over the weekend KNC retraced some of the gains and has been hovering between $1.3 and $1.45. The upgraded Kyber 3.0 will be transitioned…

Enzyme Finance, the on-chain asset manager formerly known as Melon Protocol, launched a v2 to include more assets and integrations with a greater number of DeFi protocols. “Enzyme v2 and beyond will provide you with catalysts to be more creative than ever and empower you to monetize your investment talent.” Melon tokens (MLN) will continue…

The total value of Bitcoin locked in DeFi is rebounding from a three-month low to the highest since November, when BTC in decentralized finance protocols was at its all-time high of 154K BTC, according to data by DeFi Pulse. BTC in DeFi protocols has climbed by 17K BTC since the Jan. 3 low, to ~153K…

0x_B1, a pseudonymous trader or traders who holds at least 1% of assets in DeFi, isn’t just about cold, hard cash. In an exclusive interview with The Defiant, they revealed their long term vision for the space, and how their motivation goes beyond financial gain – though of course, they’re raking in profits too. 0x_B1,…

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…

Yearn Finance founder and prolific DeFi builder Andre Cronje posted a part two to his initial post “Building in #DeFi sucks.” And while they didn’t say it sucks, other prominent founders in the space agreed that the pressure is on. Cronje’s post offered a glimpse into the intense pressure that’s put on developers, especially in…

Fei released details of its planned decentralized stablecoin protocol yesterday afternoon. Fei seeks to offer a novel design to combat some of the whale games that favored the earliest participants of decentralized stablecoins. Fei’s stablecoin, FEI, is a “decentralized, fair, liquid, and scalable stablecoin that exhibits a high fidelity peg” said the announcement post. It…

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)…

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…