Money Market Protocol Aave Settles $300 Million in Defi Flash Loans

This weekend the decentralized money market protocol Aave broke records as the community witnessed a massive flash loan of $14 million worth of the stablecoin DAI. So far, the Aave protocol has seen over $300 million in flash loans to-date and this trend doesn’t seem to be abating any time soon. In just a short […]

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Total Value Locked in Defi Jumped 85% in August, $8 Billion in Assets Held

Total Value Locked in Defi Jumped 85% in August, $8 Billion in Assets HeldA lot has changed during the last month, as the popular decentralized finance (defi) ecosystem has swelled considerably in value. Since the first week of August, the total value locked in defi jumped over 85% in 27 days from $4.2 billion to $7.88 billion on August 30. The total value locked (TVL) in the decentralized […]

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Defi Project Yearn Finance Smashes Records as Native Token Surpasses $30K

Defi Project Yearn Finance Smashes Records as Native Token Surpasses $30KThe decentralized finance (defi) crypto asset tied to the Yearn Finance project has smashed records this week, as the coin touched a high of $30,324 on Saturday evening. Yearn’s token YFI has been recently added to the Aave platform and the project’s founder, Andre Cronje, is currently talking about collaborating with the exchange FTX. Yearn […]

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Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money License

Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money LicenseThe decentralized finance (defi) open-source protocol built on Ethereum, Aave, has surpassed the Maker Dao project in terms of total-value-locked (TVL) this week. The lending and borrowing platform Aave has $1.43 billion locked on Tuesday climbing 7.7% in the last 24-hours. On August 25, the defi project Aave (the Finnish word for ‘ghost’) has seen […]

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Passive Income via Digital Wealth: A Deep Dive Into Crypto Earning, Staking, Interest Bearing Accounts

Passive Income via Digital Wealth: A Deep Dive Into Crypto Earning, Staking, Interest Bearing AccountsDuring the last two years investment vehicles that allow crypto asset holders to gather yields have grown exponentially and anyone can make passive income with a number of avenues. Staking validators, decentralized finance (defi) lending services, and interest rate earning accounts provide digital currency holders with the means to make their money work for them. […]

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Zero Collateral: $138 Million in Defi Flash Loans Issued in 24 Hours

Zero Collateral: $138 Million in Defi Flash Loans Issued in 24 HoursThe decentralized finance (defi) realm continues to heat up with concepts like yield farming, but another scheme called defi flash loans has also grown exponential. On Monday, the noncustodial lending protocol Aave issued $138 million in loans with zero collateral. Since the last week of June, defi flash loans have increased by 809% as the […]

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