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On 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 […]
The post Yearn Finance Vault Users Lock $139M: Farmers Claim Collateralized ETH Gathers 90% APY appeared first on Bitcoin News.
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Data shows DeFi platforms and their users are rapidly increasing their use of USDC stablecoin after Curve Finance launched.
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A lot has changed during the last month, as the popular decentralized finance (defi) ecosystem has swelled considerably in value. Since the first week of August, the total value locked in defi jumped over 85% in 27 days from $4.2 billion to $7.88 billion on August 30. The total value locked (TVL) in the decentralized […]
The post Total Value Locked in Defi Jumped 85% in August, $8 Billion in Assets Held appeared first on Bitcoin News.
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The decentralized finance (defi) ecosystem has matured quite a bit in 2020 and one project that’s seen some growth is the Ren Protocol. The application that allows people to access inter-blockchain liquidity for a number of defi applications. The following post is a step-by-step guide on how to leverage the Ren Protocol with Bitcoin Cash […]
The post Inter-Blockchain Liquidity: Minting Synthetic Bitcoin Cash With the Ren Protocol appeared first on Bitcoin News.
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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 […]
The post Yearn Finance Token Jumps 270% in 5 Days – Defi Token YFI Worth More Than a Single Bitcoin appeared first on Bitcoin News.
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Yield farmers excited about the recent decentralized finance (defi) project, Yam Finance, got a rude awakening after the token’s value plummeted in value to near zero. Yam Finance developers discovered a major flaw in the rebasing contract and at 4 a.m. ET, cofounder Brock Elmore tweeted that he was sorry he “failed.” On Wednesday, well […]
The post Defi Implosion: YAM Token Market Cap Plummets to Near Zero After Founder Claims He ‘Failed’ appeared first on Bitcoin News.
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The DeFi sector recently achieved a record $4.23 billion in total value locked, so why did Yearn Finance distribute its full token supply to its users?
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The decentralized finance (defi) realm continues to heat up with concepts like yield farming, but another scheme called defi flash loans has also grown exponential. On Monday, the noncustodial lending protocol Aave issued $138 million in loans with zero collateral. Since the last week of June, defi flash loans have increased by 809% as the […]
The post Zero Collateral: $138 Million in Defi Flash Loans Issued in 24 Hours appeared first on Bitcoin News.
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The pNetwork, the decentralised ecosystem backing the cross-chain pTokens solution, has announced the launch of its yield farming programme, Steroids. The programme will run for a period of one month and will award Uniswap liquidity providers with up to 10% monthly interest, distributed in pNetwork Token (PNT). Designed to onboard new users, increase liquidity and […]
The post pNetwork Launches Yield Farming Programme, Steroids appeared first on Bitcoin News.
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A number of cryptocurrency proponents have been discussing the stablecoin DAI this week, as the DAI allegedly held on the Compound platform is much larger than what is recorded in circulation. At press time, Compound statistics show there’s $523 million worth of DAI held in reserves, while the web portal daistats.com shows there’s only 160 […]
The post Trouble in Defi Paradise: Compound-Issued DAI Surpasses DAI in Circulation appeared first on Bitcoin News.
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