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On 6 February 2020, the total value locked into Ethereum’s decentralized finance apps crossed $1 billion for the first time. This marked a major milestone for Ethereum, as the blockchain is still shy of 5 years old. So, the billion dollar milestone has been hit for Ethereum’s DeFi – what’s next? Ethereum is evolving … Read more
Supersonic is a trustless zero-knowledge proof system that provides a new solution for DeFi platforms Go to Source Powered by WPeMatico
Crypto lending platform Celsius continues to grow its user base, and has doubled its total paid interest since late last year Go to Source Powered by WPeMatico
DeFi, a monetary system built on blockchain, is booming right now. With over $1 billion locked in DeFi applications, here are some sectors that are poised for success in 2020 Go to Source Powered by WPeMatico
Two recent flash loans on the defi platform Bzx have started a fierce debate about the subject of using uncollateralized loans in a quick trade. Essentially these flash loans are providing people with the ability to borrow crypto without relinquishing any collateral. The scheme was used to exploit funds from the Bzx platform twice, as … Read more
Recent attacks on the lending platform bZx have left faith in DeFi shattered, but what actually happened? And can the sector bounce back? Go to Source Powered by WPeMatico
During the second week of February, a new project called tBTC was unveiled that is similar to the Wrapped Bitcoin (WBTC) created with the Ethereum network. However, the tBTC effort claims to be a noncustodial application that allows users to deposit BTC, mint tBTC, and lend it with interest. Also Read: Market Update: Bitcoin Halving … Read more
Hedging was traditionally the preserve of traditional finance, but it’s making its way into DeFi as institutions eye up Bitcoin as a successor of gold Go to Source Powered by WPeMatico
The DeFi industry is getting a lot of attention lately. Whereas most people look at Ethereum, it appears that Bancor is growing quickly as well. Bancor is one of the many protocols catering to users seeking financial products and services. DeFi on Bancor Gains Traction It is only normal that this protocol would make inroads … Read more
How do you invest in a space where startups rarely have revenue? Go to Source Powered by WPeMatico
