Genius Yield raises $118M via ISPO in first 48 hours
The initial stake pool offering has seen significant uptake, with one of the four GENS pools being nearly fully committed in just two days. Go to Source Powered by WPeMatico
defi
Auto Added by WPeMatico
Finance Redefined: 83% of 7-figure Millennials own crypto, Sen. Warren criticizes DeFi, Dec. 10–17
A new study finds that more than 80% of millionaire youths hold digital assets, Senator Warren attacks stablecoins, and billions are locked in the Eth2 contract. Go to Source Powered by WPeMatico
Value Locked in Defi Continues to Slide, ETH Defi Dominates by 65%, Solana Transactions Reign
The total value locked (TVL) in decentralized finance has slid 15.63% since the metric’s all-time high of $275 billion sixteen days ago on December 1. Since the end of the first week of December, the TVL is down 7.19% lower with a number of protocols seeing seven-day losses in terms of TVL. Defi Tokens YFI … Read more
YFI price gains 46% in just four days after Yearn Finance’s $7.5M buyback
Its “decentralized” Treasury has more than $45 million and would pursue similar YFI buybacks in the future. Go to Source Powered by WPeMatico
Wall Street financial advisor LionTree explores crypto payments
Financial advisory group LionTree has been a part of some of the most prominent Wall Street acquisitions and IPOs. Go to Source Powered by WPeMatico
US Senator Says Defi Is the Most Dangerous Part of Crypto – Urges Regulators to Clamp Down Before It’s Too Late
U.S. Senator Elizabeth Warren has called on regulators to clamp down on decentralized finance (defi) and stablecoins “before it’s too late.” She said: “Defi is the most dangerous part of the crypto world … it’s where the scammers, the cheats, and the swindlers mix among the part-time investors and first-time crypto traders.” US Senator Urges … Read more
‘DeFi is the most dangerous part of the crypto world,’ says Senator Elizabeth Warren
The U.S. lawmaker claimed that the value of stablecoins would “take a nosedive,” with small investors largely feeling the effects of a potential downturn. Go to Source Powered by WPeMatico
Small Ethereum investors increase exposure as ETH loses $4K level
The number of Ethereum addresses holding less than 0.01 ETH and 0.1 ETH has been climbing since early November against an ongoing price correction. Go to Source Powered by WPeMatico
Polygon Acquires Mir Protocol in $400M Deal in Order to Bolster ‘Groundbreaking ZK Rollup Tech’
On December 9, Polygon co-founder Mihailo Bjelic announced that the project has acquired the Ethereum scaling startup Mir in a $400 million deal. The Mir team of cryptographers and engineers are joining Polygon in order to create a “highly-scalable, Ethereum-compatible ZK rollup” called Polygon Zero. Mihailo Bjelic: ‘Polygon Is Focused on Zero-Knowledge Cryptography as the … Read more
Coinbase Launches Defi Yield Earning Service to Over 70 Countries, United States Not Included
The cryptocurrency exchange Coinbase has revealed that it has made decentralized finance (defi) more accessible by giving Coinbase customers from over 70 countries access to earning yield on the stablecoin DAI. Coinbase claims the process is simple with “no fees, lockups, or set-up hassle,” as the firm believes “defi has tremendous potential to help increase … Read more