Defi Boom Fueling ETH Gas Fees, Threatens Viability of Smart Contracts

Defi Boom Fueling ETH Gas Fees, Threatens Viability of Smart ContractsGrowing Ethereum network transaction fees, which touched new highs recently, are a direct consequence of the increasing number of defi projects and yield farming. Yield farmers need to pay ETH for transactions like moving funds in and out of pools. The increased number of yield farmers leads to more transactions and slower confirmations making higher […]

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Market Update: Blood in the Crypto Streets, Bitcoin Miner Dumps, CME Gap, Defi Doldrums

Market Update: Blood In the Crypto Streets, Bitcoin Miner Dumps, CME Gap, Defi DoldrumsThe cryptocurrency economy slid significantly on Thursday afternoon (ET), as the aggregate market cap of all the crypto coins shaved more than 10% during yesterday’s trading sessions. More than 12 hours later, a number of the top crypto assets are still down in value between 4-12%, and some digital coins saw even bigger losses during […]

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Yearn Finance Vault Users Lock $139M: Farmers Claim Collateralized ETH Gathers 90% APY

Yearn Finance Vault Users Lock $139M: Farmers Claim Collateralized ETH Gathers 90% APYOn September 3, 2020, the well known Yearn Finance defi project “paused” the popular ethereum liquidity vault (yETH) service, after locking in a significant $139 million. Yearn’s vault feature launched on Wednesday, and saw $100 million deposited on the first day. The vault hype has also caused the Maker DAO project to make a governance […]

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