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Major decentralized finance (defi) projects fell sharply in October, with token prices tumbling by between 30% and 56%, as money appears to be moving away from the overhyped space and back into bitcoin. According to Coingecko data, Andre Cronje’s Yearn Finance (YFI) fell fastest, crashing 56% to around $10,400 as of Nov. 1, down from … Read more
Aave’s core developers have transferred governance rights over to AAVE token holders, giving its community control over the future of the protocol. Go to Source Powered by WPeMatico
Where do NFTs fit into DeFi, what’s next for a space awash with funding, and how do DAOs manage NFT content? Jesse Johnson discusses with Cointelegraph Go to Source Powered by WPeMatico
As decentralized finance (defi) has become more popular, digital currency proponents are making money off of more than 140 yield-bearing cryptocurrencies. While most of the defi ecosystem revolves around the Ethereum network, a number of people leverage these defi applications in order to earn more bitcoin. The following list is a few defi platforms that … Read more
The vast majority of DeFi projects still have the ability to enter ‘God Mode’ and unilaterally make changes to pretty much everything. Go to Source Powered by WPeMatico
Leading DeFi protocols are rushing to implement Layer 2 to ease the burden of high gas fees. Go to Source Powered by WPeMatico
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 … Read more
Data shows DeFi platforms and their users are rapidly increasing their use of USDC stablecoin after Curve Finance launched. Go to Source Powered by WPeMatico
A 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 … Read more
The 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 … Read more
