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Tokenized Bitcoin in Circulation Nears a Half Million BTC, Bitcoin-Pegged Token Value Exceeds $21 Billion

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According to data recorded on December 28, there’s approximately 434,265.43 bitcoin-pegged or wrapped bitcoin tokens worth more than $21.3 billion across several blockchains. Ten different bitcoin-pegged projects exist today and the project Wrapped Bitcoin dominates 59.66% of all the tokenized bitcoin in circulation. Close to a Half Million Tokenized Bitcoin Circulates on Several Blockchains, Wrapped … Read more

Coinbase Launches Defi Yield Earning Service to Over 70 Countries, United States Not Included

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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

Bitcoin.com Unlocks Earn on Crypto

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Bitcoin.com is integrating technology from CoinFLEX that enables users to earn interest on a wide range of cryptoassets, including a US-dollar stablecoin (flexUSD), through both passive and active strategies. The passive yield strategy is built on flexUSD, a US-dollar pegged cryptocurrency that automatically provides all holders with compounding interest payments, regardless of where they hold … Read more

Ethereum L2 Scene Heats Up With Boba Network Taking Second Spot in TVL

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Boba Network, a recently released L2 layer for Ethereum, has quickly jumped to second place in TVL (total value locked) among all expansion layers. Boba, which is a fork of Optimism, another L2 layer based on rollups, reached more than $1 billion in TVL, surpassing Optimism. This is likely due to the profitable percentages offered … Read more

Valkyrie Will Launch On-Chain Defi Fund Next Week

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Valkyrie Investments, one of the biggest cryptocurrency asset managers, has announced it will launch a so-called on-chain defi fund next week. This new fund would be substantially different than other, similar offerings, due to the location of the assets that will be available to earn yield in several protocols. $100 million has already been put … Read more

Tokenized Bitcoin on Ethereum Crosses $11 Billion Notional, WBTC Commands 76% of Circulating Supply

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According to data on August 7, there’s 253,510 bitcoin-pegged or wrapped tokens worth more than $11 billion in value on the Ethereum blockchain. Out of the seven different bitcoin-pegged projects, the Wrapped Bitcoin protocol has 194,023 bitcoin-pegged ERC20 tokens in circulation. Over 250K Tokenized Bitcoin In Circulation Split Between 7 Ethereum Projects, Binance Smart Chain’s … Read more

Chasing Liquidity Pools: Crypto Assets and Defi Apps Can Give Yields Up to 400% Annually

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While cryptocurrency markets have been red hot and gaining in value, demand for certain assets and liquidity has grown massive. At the same time, a myriad of crypto proponents are chasing significant returns by hunting for liquidity pools with colossal yields. These days certain decentralized finance (defi) applications can give a yearly ROI upwards of … Read more

Algorithmic Yield Farming

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Decentralized Finance (Defi) remains a crypto buzzword and hot topic. Despite its unwavering and unstaggering popularity. Its growth doesn’t appear to decline nor wane. Every day we continuously see new projects come out to service different sections of the decentralized finance movement. All of which are gearing towards one goal: the increase in overall usage … Read more