Aave, DeFi’s third-largest protocol by assets in its smart contracts, will be expanding onto the Polygon network as it aims to improve scalability. Need for Scalability Consistently high gas fees, while indicative of Ethereum’s growing success and adoption, have the downside of pricing out smaller investors, Aave said in a March 31 blog post. In…

Liquidity providing isn’t as straightforward as you might think. When becoming an LP, you’re asked to provide both of the coins the pool represents. This can become costly for many, although there is a nifty trick we demonstrate in this video that bypasses that hurdle.

Element Finance raised $4.4M in a seed round led by Andreessen Horowitz and Placeholder accompanied by SV Angel, A.Capital, Scalar Capital, and Robot Ventures.  Angels included Joseph Lubin, Fernando Martinelli, Stani Kulechov, Mariano Conti, Robert Leshner and Tarun Chitra. The project aims to bring liquidity to the fixed-rate income and interest markets Users will be…

Alpha Finance Lab will be launching its ALPHA tokenomics system “in the coming days,” allowing token holders to earn fees from staking across all of ALPHA’s products, including Alpha Homora on Ethereum, Alpha Homora on Binance Smart Chain, and Alpha Homora v2.  Token stakers will gain access to features on Alpha products with the goal…

Ellipsis Finance, an authorized fork of Curve Finance, launched yesterday on Binance Smart Chain (BSC).The protocol is an exchange for stablecoins and its launch doc promises traders “very low slippage and minimal fees.”  As the protocol is an “authorized fork,” holders of veCRV, Curve’s governance token which earns trading fees and liquidity provider rewards, will…

Anchor protocol aims to deliver a fixed rate of 20% APY on your deposits. A huge improvement over traditional savings accounts in trad fi. As always, please exercise caution and common sense. This is NOT financial advice.

Step into crypto and it can feel like you’re throwing your life to the gods of thunder. I’m here, you say, take me, throw me into the void. And, ape that you are, you keep walking towards that edge.

“Bitcoin billionaire” Tyler Winklevoss of Gemini submitted a governance proposal on a community forum for GUSD to be used as stablecoin collateral for loans on AAVE. Currently, GUSD can only be borrowed.  GUSD is a stablecoin that maintains value by holding one USD in reserve for each stablecoin issued. By using GUSD as collateral, borrowers…

Gnosis’ newly launched DAO governance tool, SafeSnap, aims to allow users to execute decentralized governance decisions  without incurring expensive gas fees on-chain. Gnosis has merged its multisig wallet, Gnosis Safe, with the off-chain (and therefore gasless) DAO governance dashboard, Snapshot, to create SafeSnap as an addable module for Gnosis Safe. SafeSnap is designed to verify…

Version 3 of the 1Inch DEX Aggregation Protocol is launching with a focus on facilitating lower gas fees. 1Inch v3 has aimed to optimize its assembly code to reduce gas fees applying to swaps using Uniswap v2 and its forks. The new version is also designed to use traditional splits across several paths if those…