Token Launch

1inch Fuels DeFi Airdrop Trend With Christmas Present

DEX aggregator 1inch surprised DeFi users with a holiday treat with the release of the 1INCH governance token on Christmas Eve. 1INCH features a total supply of 1.5B tokens, which unlocks every 6 months over the course of the next 4 years. Tokens were airdropped to all wallets that made at least one trade before …

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Tornado Cash to Decentralize Governance Via TORN Token

Tornado Cash presented a governance proposal to incentivize use of the Ethereum-based privacy tool via a new token called TORN. Tornado Cash allows users to deposit a fixed amount of supported assets (ETH, USDC, DAI) and “wash it” through an anonymity pool. That deposited value can be redeemed by the receiving address using a note …

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Basis Cash Revives Shuttered Stablecoin With 10,000% Yields

Basis Cash, a fork of shuttered algorithmic cryptocurrency Basis, is touting DeFi-summer like APYs as the newly launched stablecoin – BAC – trades at $64 despite targeting a $1 peg. With ~10,000% APYs on the BAC stablecoin liquidity pools, DeFi traders rushed to provide liquidity to the project which seeks to revive Basis without the …

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Traders Pour $200M+ Into New Risk-Hedging DeFi Protocols in Two Weeks

There’s a new investment category rising in DeFi: yield optimized by risk level. At least two projects, Saffron Finance and Barnbridge, have started to offer investors the ability to earn differing yields in accordance with their risk tolerance. Barnbridge currently has $186 million in liquidity mining deposits just weeks after its launch on October 20th, …

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A New Andre Cronje Beta Project, a New Token That Pumps

As has become all too common in DeFi, Yearn founder Andre Cronje is tinkering with a new project and speculators are rushing to buy its token —aka aping in— before it’s even live. The project, called Keep3r Network, is a decentralized coordination ecosystem for projects to find developers that will work on their upkeep. “Projects …

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