Exchanges

dydx airdrop

dYdX Drops Over $1B to Past Users in Airdrop

Margin trading protocol dYdX launched its native token with one of the largest distributions in decentralized finance. dYdX dropped 7.5% of its initial billion-strong token supply on Sept 8. At the current price of $11.12, those 75M tokens are worth more than $800M. At one point the airdropped tokens’ value eclipsed $1B.  That’s up there …

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twamm

Paradigm Team Outline Efficient AMM Design for Large Trades

Paradigm research partners Dave White, Dan Robinson and Uniswap founder Hayden Adams have cooked up another trading protocol. The decentralized exchange, called TWAMM, which stands for time-weighted average market maker, aims to help traders execute large orders, quickly, at low gas prices and without negatively affecting price. In traditional finance, traders will often employ brokers …

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lido

ETH Staking Service Lido Aims To Go Fully Decentralized

The Ethereum staking-as-a-service company Lido is aiming to go fully decentralized. The project has implemented a skeleton upgradable smart contract for making new withdrawals and new deposits fully non-custodial. The project is still seeking an optimal solution to become a trustless node operator. Lido offers users the ability to stake ETH, which will be utilized …

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Are the Bulls Back? Crypto Markets Whipsawed With Amazon News

Crypto markets were showing impressive strength to start the week, on track for a sixth straight day of gains –– until news headlined caused prices to trip mid-run. Bitcoin shot up to as high as $40,300 and Ethereum was trading above $2,400 on Tuesday. The DeFiPulse Index (DPI), a market capitalization-weighted index which consists of …

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