DEX

$SOCKS is Now Worth $85k. That’s it. That’s the Headline.

If you’ve ever felt that twinge of disappointment upon unwrapping a birthday gift and seeing a pair of socks, DeFi is here to give you a wake up call. Unisocks (created by Uniswap) is DeFi’s twist on…well, socks. And just like pretty much everything else in DeFi right now, they’re on a major bull run.  …

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ShapeShift Embraces DeFi, Axes KYC

ShapeShift will be fully embracing DeFi protocols and getting rid of KYC. The Colorado-based company will now route traders to decentralized exchanges, rather than holding cryptocurrency and being the counterparty in customers’ trades. This change allows it to stop collecting users’ information. Only ether and ERC20 tokens are supported for now. Fundamental Change  “Today, ShapeShift …

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Bancor Aims to Eliminate Impermanent Loss With Upgrade 

Bancor has unveiled the next step in their new AMM design. The 2.1 release introduces an elastic BNT supply, used to cover impermanent loss for LPs through a mechanism called Liquidity Protection. The update builds on the ability to  add single-sided liquidity, or using one token to pool liquidity instead of two like Uniswap. LPs …

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MetaMask Adds Native Token Swaps

MetaMask, the most popular Ethereum wallet, is often used as a gateway to DeFi but today it becomes part of the growing financial ecosystem itself as it introduces the ability to swap tokens directly on the app. MetaMask will source its liquidity across decentralized exchanges and DEX aggregators with the aim of providing the best …

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