DeFi
DeFi is About to Get More Tokenized Indexes
Set Protocol is doubling down on the success of the DeFi Pulse index by launching a new project – the Index Coop – focused on creating accessible crypto indexes. Tokensets, a platform for users to purchase sophisticated trading strategies in the form of ERC20 tokens called Sets, recently deployed the DeFi Pulse Index (DPI), a…
YAM Finally Finds Fertile Ground After Succesful Rebase
Yam Finance’s first successful monetary exercise yesterday marks a new start to DeFi’s original food-based token YAM is an experiment in rebasing cryptocurrencies, plus token incentives (aka yield farming) to drive liquidity, plus full on-chain governance, plus a DAO-like treasury managed by token holders. It’s also testing the power of the emoji. Its Aug. 11…
Cream Finance Crosses $300M in Deposits
What happens when you fork Compound and add lending pools for DeFi’s most degen assets? You get Cream Finance. In under a month since launch, Cream has aggregated more than $300M in TVL, according to DeFi Pulse, largely thanks to CREAM liquidity mining rewards. Image source: DeFi Pulse What started as a lending protocol for…
$SUSHI – The Ballad of Chef Nomi – Defi’s Greatest Ever Story
This is The Defiant x Harmony, a weekly series brought to you by Harmony Protocol’s Creative Director, Robin Schmidt, and Camila Russo, the founder of The Defiant, to explore DeFi’s most important stories and demystify this exciting emerging financial space.
DeFi Protocols Are Testing New Token Sale Mechanisms
DeFi protocols Perpetual and Hegic are listing their tokens with new distribution mechanisms aimed at reducing front running and price speculation. Perpetual Protocol, a decentralized perpetual contract trading protocol that allows up to 20X leverage on long and short positions, will be the first DeFi project to list its token via a Balancer Labs-based Liquidity…
UMA & REN Team up for Bitcoin-Based Yield Dollar
UMA and Ren Protocol are teaming up to offer a Bitcoin-backed stablecoin. The price of UMA’s uUSD stablecoin will tend towards $1 as it approaches its maturity date, and will be redeemable for $1 of the collateral asset at expiry. In the meantime, the asset fluctuates in value in line with market demand. In the…
SushiSwap Drains Uniswap Liquidity. Still, Everyone Won
DeFi experienced what seemed like its first-ever hostile takeover today, except instead of stock buyouts and management shakedowns, it was driven by users switching platforms following their own economic incentives. Crypto capitalism at its finest. 1) well the migration is done; sushiswap is livehttps://t.co/c2JGZJ65Ch — SBF (@SBF_Alameda) September 9, 2020 SushiSwap, a fork of Uniswap,…
DeFi – Greatest $MEME Ever Told
This is The Defiant x Harmony, a weekly series brought to you by Harmony Protocol’s Creative Director, Robin Schmidt, and Camila Russo, the founder of The Defiant, to explore DeFi’s most important stories and demystify this exciting emerging financial space.
A Deep Dive Into DeFi Venture Funding: VCs are Stronger Than Ever
Decentralized finance keeps hitting new highs in its most popular metric, total value locked. But there’s another, lesser-known milestone it also reached: DeFi projects just crossed half a billion dollars raised in venture capital funding. The 34 DeFi Companies listed on DeFi Pulse have together raised just over $500M from more than 100 VC funds.…
Degens Pioneer NFT Mining With $3M Actual Meme Coin
At the height of degen farming, where new food coins are quickly diminishing the reputation around liquidity mining, there’s at least one project that shines through the rough thanks to a tight-knit citadel banding around the very thing that drives farming forward: memes.This is a story of Meme Protocol – a community-conceived project spawned out of a Telegram airdrop…
