Maker community thanks yEarn for seemingly restoring DAI peg
A massive yield farming strategy finally provides a mechanism to push the DAI price down. Go to Source Powered by WPeMatico
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Compound governance proposal seeks to end COMP yield farming craze
A Compound proposal could put a major dent in the profits for all yield farmers. Go to Source Powered by WPeMatico
Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money License
The 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 … Read more
Yearn Finance Token Jumps 270% in 5 Days – Defi Token YFI Worth More Than a Single Bitcoin
Decentralized finance (defi) continues to make waves this week, as the Yearn Finance project token (YFI) jumped over 270% during the last five days. The digital token is worth more per coin than the price of bitcoin today, as the asset is currently trading for $15,934 per YFI. It’s very rare to see another token … Read more
Ross Ulbricht Uses Snail Mail to Send Correction for Blog Post on MakerDAO
Getting all the facts right is hard, especially when you don’t have internet access. Go to Source Powered by WPeMatico
Network Effect at Risk? Why 50% of DAI Locked in Compound Is a Concern
New data shows more than 50% of DAI is locked in Compound and this raises concerns about DAI’s long term prospects. Go to Source Powered by WPeMatico
Lumi Wallet Web Widget: Cryptocurrency Exchange on Your Website
Good news for those who want to upgrade their website with functional tools and features – on August 5st, Lumi Wallet Technologies launched its app web widget. Now everyone can easily embed a “mini digital wallet” into the body of their website. The Lumi Wallet Widget is a useful and interesting tool for a website. … Read more
Dai Supply Hits New Highs as Efforts to Restore Peg See Limited Success
The total supply for DAI tripled since June as the community keeps raising the supply limits to bring the peg down to $1. Go to Source Powered by WPeMatico
Coinbase Offers DAI Holders 2% Interest
Coinbase is offering crypto customers 2% interest for their Dai holdings. Go to Source Powered by WPeMatico
Stablecoin Tether Set to Eclipse Bitcoin’s Daily Transaction Value
The most dominant stablecoin in the cryptocurrency ecosystem has seen some competition during the last few years, but the token tether has remained king in the face of rivalry. Just recently, a “Q2’20 review” published by the digital currency data and analytics firm Messari shows that tether’s daily transaction value is set to eclipse bitcoin’s … Read more
