Venus – DIGIT INFO

Ethereum’s value accretion narrative under duress after 19% drop in ETH DApp volumes

DIGIT — Wed, 18 Sep 2024 21:08:17 +0000

ETH price struggles to find reasons to rally after the network’s DApp volumes drop and Ether languishes near the $2,250 support.

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DeFi protocol Venus seeks to patch $270K hole from oracle incident

DIGIT — Mon, 11 Dec 2023 05:30:19 +0000

The DeFi lending and borrowing protocol has confirmed it was affected by a malfunctioning Binance price oracle but confirmed user funds were safe.

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Defi Lending Sector Experiences Major Shake-Up: 71% of Total Value Locked Evaporates in 12 Months

DIGIT — Tue, 17 Jan 2023 18:30:53 +0000

Decentralized finance (defi) has continued to remain deeply ingrained in the cryptocurrency economy as the ecosystem provides users with a non-custodial way to exchange digital assets, lend cryptocurrencies, issue stablecoins, and ways to profit from arbitrage. In the lending sector of defi, a lot has changed during the last 12 months as lending applications like […]

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More Than 80% of the Funds Locked in Decentralized Finance Are Kept on 5 Chains, 21 Different Defi Protocols

DIGIT — Mon, 14 Mar 2022 14:30:18 +0000

In mid-March, the top five blockchains — in terms of total value locked (TVL) in decentralized finance (defi) — currently command more than 82% of the $198 billion TVL in defi across all blockchains. Each of these chains offers different types of defi protocols like decentralized exchange (dex) platforms and lending applications, allowing people to […]

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Top 3 Stablecoin Yield Farming Platforms to Survive This Crypto Winter

DIGIT — Wed, 05 Jan 2022 03:34:44 +0000

Crypto winter is upon us, and chances are crypto markets will continue to trade sideways and experience bearish momentum for the next few months. One of the best ways to hedge against the downward trend is to convert your crypto holdings to stablecoins and lock them on yield farming platforms for guaranteed APY. This article lists the top three stablecoin yield farming platforms to help you survive this crypto winter. 3. Aave Aave is one of the most popular stablecoin yield farming platforms on the market. With over $14 billion in value locked and with a market cap of over

The post Top 3 Stablecoin Yield Farming Platforms to Survive This Crypto Winter appeared first on The Merkle News.

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Venus Price Up 27% After AMA With Tron’s Founder Justin Sun

DIGIT — Sat, 11 Dec 2021 17:49:50 +0000

As cryptocurrency markets continue to trade sideways this weekend, quite a few coins are seeing double digits price gains. Today’s biggest gainer is Venus (XVS), rising over 27% in the past 24 hours, ranking it the biggest gainer on Crypto.com. What Is Venus cryptocurrency, and why is the XVS price rising? Let’s find out. What Is Venus crypto (XVS)? Venus describes itself as a decentralized marketplace for lenders and borrowers with borderless stablecoins. In other words, Venus enables the world’s first decentralized stablecoin, called VAI. It’s built on the Binance Smart Chain and is backed with crypto assets without the

The post Venus Price Up 27% After AMA With Tron’s Founder Justin Sun appeared first on The Merkle News.

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Total Value Locked Across Defi Nears $200 Billion, Non-Ethereum Projects Gather Steam

DIGIT — Sun, 05 Sep 2021 20:19:59 +0000

At the time of writing, the total value locked (TVL) in decentralized finance (defi) is around $176 billion across various blockchains like Ethereum, Binance, Terra, Polygon, Solana, and Avalanche. While Ethereum commands $130 billion of the aggregate total locked, a myriad of other defi-fueled blockchains continue to see TVLs steadily rise. Total Value Locked Across […]

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Beware of ‘soft rugs’ — a growing menace in decentralized finance

DIGIT — Thu, 24 Jun 2021 04:49:49 +0000

Developers dumping tokens and making off with the proceeds is the latest scourge to plague DeFi.

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DeFi revival pushes Celo, Venus (XVS) and Fantom (FTM) price higher

DIGIT — Tue, 26 Jan 2021 20:02:18 +0000

Strong fundamentals, increasing daily active users and successful layer 2 trials are pushing DeFi tokens to outperform the broader crypto market.

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Binance: Venus Project Will Court Regulators, Avoid Facebook’s Mistakes

DIGIT — Fri, 30 Aug 2019 11:35:00 +0000

Binance Venus to take more conservative approach with a focus on regulatory compliance

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