Alpha Homora defies market slump, bolsters TVL and token price on v2 relaunch

The leveraged yield farming protocol looks to put multiple missteps in the past with a successful relaunch. After a rocky first quarter, decentralized finance (DeFi) platform Alpha Homora announced the relaunch of its v2 leveraged yield farming program today — and so far both traders and users are celebrating as both total value locked (TVL) and ALPHA token prices soar. The version 2 of the platform, which allows for leverage up to 7x on popular yield farming positions on protocols such as Sushi, Curve, and Balancer, notably had to shut down to new positions after a devastating hack in February.

Ethereum 'Casino' Whales Dive Into DeFi - Analyst

The crypto market is hot right now, and rocketing coin prices are raising the stakes for new whale investors who are aiming to get a piece of decentralized finance (DeFi) by buying ethereum (ETH), according to blockchain analytics firm Chainalysis.

DOTOracle – Rendering Decentralized Solutions to Polkadot and its Ecosystem

With a jump of more than 350% in its price this year, Ethereum has outperformed major cryptocurrencies, bolstered by the rise of decentralized finance (DeFi) protocols, like liquidity aggregators and decentralized exchanges.

Rise of YFI & Woofy May Be a Bellwether for Rotation From Ethereum To DeFi

The rise of Yearn Finance's governance token YFI could be a bellwether for another decentralized finance (DeFi) season, according to market players. A discussion is currently being led on whether "soonish, money is likely to flow down the [ethereum] risk curve back into DeFi," as BlockTower Capital founder Ari Paul opined.

DeFi Startup Votes To Fully Reimburse Hack Victims With $26,000,000 Allocation

Decentralized finance (DeFi) startup Rari Capital has voted to allocate roughly $26 million in reimbursements following a hack that cost them 2,600 ETH, or about $10 million.

Today is the best time to join the ImpulseVen decentralized finance revolution  

Decentralized finance (DeFi) is one of the greatest innovations in finance.

DeFi Startup Rari Capital Reveals Details Behind Hack That Cost $10 Million in Losses

Decentralized finance (DeFi) startup Rari Capital is revealing the details behind the attack that cost 2,600 ETH, or roughly $10 million in losses.

Yield Farming Aggregator Don-Key Gears Up for an IDO On SuperStarter

One of the promising decentralized finance (DeFi) platforms, Don-key, has raised fresh capital for expanding its product lineup.

1Inch price hits a new high as the top DEX aggregator vies for DeFi dominance

A series of protocol upgrades and new liquidity integrations prove that 1INCH is aiming to increase its DeFi and DEX aggregator market share. As the decentralized finance (DeFi) ecosystem evolves and expands to encompass the whole of the cryptocurrency sector, the race to become the top decentralized exchange (DEX) aggregator is heating up as new entrants to the field seem to emerge on a weekly basis.  One of the top DEX aggregators that has recently seen its price reach a new record high is 1Inch (1INCH), a protocol which offers “access to the most liquidity, lowest slippage and best exchange rates across Ethereum and Binance Smart Chain” according to the projet’s website.

How DeFi Is Disrupting Our Financial Ecosystem – For Good

The cumulative sum of capital invested in decentralized finance (DeFi) applications and protocols has surpassed the $64 billion mark.

MUNCH Project reaches $1 Million milestone in charitable donations

MUNCH is a Decentralized Finance (DeFi) project which has raised over $1 million USD, in ETH, in just 14 days since its launch.

Democratizing Defi Data- Dechart DAO Launches Version 1.0 Trading Platform

On May 6, 2021, the total locked value (TVL) held by decentralized finance (defi) is more than $77 billion.

Watch These Two DeFi Trends This Quarter, Says ConsenSys

A rising number of decentralized autonomous organizations (DAOs) winning high-profile non-fungible token (NFT) auctions and an increasing dominance of flashbots on the Ethereum (ETH) network are some of the trends that could gain strength in the second quarter of 2021, according to a recent decentralized finance (DeFi) report by ETH-focused blockchain company ConsenSys.

WAVES price swells to new all-time highs, nearing $4B market cap

Real-world adoption and a growing DeFi ecosystem help lift the price of WAVES to a new all-time high. Real-world adoption and the ability to service the needs of a wide range of industries are key qualities to have for blockchain projects that seek long-term viability in an increasingly crowded and evolving landscape.  One cryptocurrency project from 2016 that has seen its price breakout to new highs in May is Waves (WAVES), a multi-faceted blockchain protocol that has seen significant growth in 2021 thanks to recent strides in decentralized finance (DeFi), nonfungible tokens (NFT) and real-world adoption.

Peer-to-Peer Internet ThreeFold Goes Multichain to Accelerate Token Accessibility

PRESS RELEASE. Peer-to-peer internet ThreeFold integrates with several popular blockchain ecosystems in an effort to increase adoption for the world’s largest such network 29th April 2021, Dubai, United Arab Emirates – ThreeFold plans to integrate its peer-to-peer internet platform with three of the leading blockchain ecosystems in the decentralized finance (DeFi) space; Binance Smart Chain […]

P2P Internet ThreeFold goes Multichain to accelerate token accessibility

ThreeFold plans to integrate its peer-to-peer internet platform with three of the leading blockchain ecosystems in the decentralized finance (DeFi) space - Binance Smart Chain (BSC), Ethereum, and Huo The post P2P Internet ThreeFold goes Multichain to accelerate token accessibility appeared first on AMBCrypto.

Inverse Finance acquires Tonic Finance in possible first-ever DeFi protocol merger

Will Inverse set a precedent for protocols acquiring protocols? In a possible decentralized finance (DeFi) first, Inverse Finance’s governance has approved today a proposal to buyout Tonic Finance in a $1.6 million-dollar deal that will bring Tonic under Inverse’s umbrella.  First floated after “weeks of negotiation” in early April, members of the Inverse Finance DAO began voting yesterday on a proposal to acquire Tonic and hire its solo developer, Tony Snark.

AllianceBlock to Offer DeFi Bridge to London Stock Exchange Group Clients by Q4

A new bridge between the traditional finance industry (TradFi) and decentralized finance (DeFi) might be available to London Stock Exchange Group (LSEG)'s institutional clients by the end of this year, according to Rachid Ajaja, Founder and CEO of AllianceBlock, the creator for the bridge and developer of the globally compliant decentralized capital market. He estimates to

BSC-Based Uranium Finance Attacked, Millions on the Move

Decentralized finance (DeFi) project on Binance Smart Chain (BSC), Uranium Finance, reported that it has suffered a security breach - with millions of dollars in ethereum (ETH) on the move and laundered through a popular privacy tool. "Uranium migration has been exploited, the following address has 50m in it," tweeted the project today.

Proposed Tax Hike Could Be Massively Bullish for DeFi and Crypto, According to Messari CEO Ryan Selkis

The CEO of crypto intelligence firm Messari says that the Biden administration’s proposed tax hike on capital gains could be bullish for crypto and the decentralized finance (DeFi) space.

How Bitcoin and DeFi are Completely Different Phenomena

Decentralized finance (DeFi) applications, specifically on Ethereum (ETH), have exploded in popularity over the past couple of years.

Lending giant Aave set to launch liquidity mining program

Can governance token distribution help Aave overtake Compound? With a liquidity mining program set to launch on Monday, Aave could be on the cusp of becoming the dominant decentralized finance (DeFi) ledning protocol.  Earlier today, Aave Improvement Proposal (AIP) 16 reached quorum, meaning that starting on Monday, 4/26 liquidity providers and borrowers in Aave’s USDC, DAI, USDT, GUSD, ETH, and WBTC pools will earn stAAVE rewards in addition to their standard interest yield.

Last chance to buy cheap Defiqa tokens on their final token sale

Decentralized Finance (DeFi) is beginning to take over the digital financial world and we are estimating the Decentralized Finance market to hit a 1 trillion USD valuation by 2023. Ethereum is an i The post Last chance to buy cheap Defiqa tokens on their final token sale appeared first on AMBCrypto.

Solana (SOL) hits new highs as DApps, DeFi and stablecoins join the network

Solana price is pushing toward new highs as an increasing number of DApps, DeFi projects and stablecoins build platforms on the network. The arrival of institutional investors and the rise of decentralized finance (DeFi) has been an incredible boon for the entire cryptocurrency sector but it has also highlighted a number of persistent limitations that many blockchain networks encounter when faced with surges in activity and the need to scale.   High fees and slower transaction times on the Ethereum (ETH) network have left the door open for new layer-1 solutions to emerge, and Solana (SOL) is one such project that has been gaining traction lately.

PINT to Tokenize Exposure to the Top Polkadot Initiatives

As the launch date for parachains nears, a new initiative is constructing a decentralized finance (defi) index token that tracks Polkadot projects aimed at helping investors diversify their holdings through a single instrument.

Crypto Brokerage eToro Adds LINK and UNI Trading

The first two tokens added to crypto brokerage eToro this year are Chainlink and Uniswap—both stalwarts of Decentralized Finance (DeFi).

Venus (XVS) price aims for $100 amid rising TVL and surge in DeFi users

The total value locked in Venus soared to a record $11.1 billion as DeFi users flock to the platform in search of attractive yields. Binance Smart Chain (BSC) has rapidly risen to prominence in 2021 as high transaction costs and congestion on the Ethereum (ETH) network led smaller-size investors to search for cheaper alternatives. One of the top choices to earn a yield on the BSC is Venus (XVS), an algorithmic money market and synthetic stablecoin protocol that provides a lending and borrowing solution for the decentralized finance (DeFi) ecosystem.

This Long-Forgotten DeFi Crypto Could Surge Over 470%, According to Trader Scott Melker

Closely-followed analyst and trader Scott Melker believes one decentralized finance (DeFi) crypto asset may be poised to generate nearly 6x gains as it begins to flash signs of strength against Bitcoin (BTC).

Lever: AMM-Based Decentralized Leveraged Trading Platform

[Featured Content] Since exploding in 2020, Decentralized Finance (DeFi) has been garnering attention and popularity, often seen in mainstream media’s headlines.

Rising DeFi TVL and Binance staking back 88% rally in IOST price

IOST rallied to a multiyear high after Binance announced a new staking program and the project airdropped tokens to Citadel One mobile wallet users. While the past year has been marked by the rise of decentralized finance (DeFi), centralized entities like Coinbase and Binance continue to be some of the most important players in the industry as a whole, as they are essential in attracting attention to promising projects and pave the way for wider adoption.  One protocol that has benefitted from the "Binance bump" over the past week is IOST, a fully fledged decentralized blockchain ecosystem that utilizes a unique proof-of-believability consensus protocol.

Last chance to buy cheap Defiqa tokens on final token sale as 'big exchange confirmed'

Decentralized Finance (DeFi) is beginning to take over the digital financial world and we are estimating the Decentralized Finance market to hit a 1 trillion USD valuation by 2023. Ethereum is an i The post Last chance to buy cheap Defiqa tokens on final token sale as 'big exchange confirmed' appeared first on AMBCrypto.

XRP Use Cases Explode With DeFi Crypto Integration

XRP is experiencing a burst in new use cases now that its latest integration allows users to leverage the fourth-largest crypto asset in a number of decentralized finance (DeFi) applications.

NetCents Technology to Facilitate DeFi Investments on Its Platform

NetCents Technology, a cryptocurrency payments company, has signed an agreement with Vesto to enable decentralized finance (DeFi) protocols to run on its platform.

Coinbase Goes Public This Week - What To Expect?

As US-based major crypto exchange Coinbase going public in two days, many industry insiders see it as a bullish event for a wider crypto space, but also one that may eventually lead more people into decentralized finance (DeFi).

Analyst Nicholas Merten Says 6 Crypto Assets Primed To Blast Off As DeFi Supercycle Heats Up

Crypto influencer and analyst Nicholas Merten is breaking down his top decentralized finance (DeFi) plays as the entire sector appears ready to skyrocket in value.

Oasis Foundation announces implementation of Tidal DeFi insurance platform

A renewed focus on DeFi could drive traffic for the Oasis Network. The Oasis Foundation, an offshoot of Oasis Network developers Oasis Labs, announced in a blog post on Friday that decentralized finance (DeFi) insurance and coverage provider Tidal Finance will be implementing a version of their platform on the Oasis Network.  The blog post noted that insurance will be important for users of the platform as Oasis scales its DeFi offerings, and that by working with Oasis’ “confidential smart contracts” Tidal will be able to deploy new claims methods, such as “anonymous, democratized voting” that preserves voters and user privacy.

Amid developer drought, teams turning to hackathons to find talent

If there's not enough developers to go around, why not train up some more? Amid a bull market for decentralized finance (DeFi) that has teams developing new products at a breakneck pace, the demand for smart contract developers couldn’t be higher — but, unfortunately, the amount of available talent couldn’t be lower.  Team members from multiple projects have taken to Twitter in recent weeks to gripe about the shallow hiring pool, including representatives from high-profile mainstays like Yearn.Finance and Sushiswap.

Fintech Heavyweights Revolut, Robinhood Gun for More Crypto Gains

Major fintech players are stepping up their crypto game in an apparent bid to attract new customers to their platforms, with the UK-based Revolut adding support for 11 additional coins, including cardano (ADA) and decentralized finance (DeFi) offerings like uniswap (UNI) – and the USA-based Robinhood embarking on a new crypto recruiting drive. Revolut, which

Badger DAO integrates with institutional DeFi gateway Fireblocks

The Bitcoin-on-Ethereum project gets a major institutional breakthrough via Fireblocks. In a blog post today, decentralized finance (DeFi) protocol Badger DAO announced a forthcoming integration with Fireblocks, a digital asset storage, management, and DeFi on-ramp for institutional investors.  “We’re excited to announce a strategic partnership between Fireblocks and BadgerDAO to enable their 200+ institutional clients to securely hold Badger assets on their platform and put their Bitcoin to work through the Badger protocol,” reads the post. BadgerDAO founder Chris Spadafora said that the integration will help make Badger’s vaults and products more accessible to institutional investors, and not just the retail DeFi crowd: “Our intention is to further help onboard institutional Bitcoin holders to defi.

Exchange tokens rally ahead of next week’s long-awaited Coinbase IPO

Binance Coin, WazirX and KuCoin Token have notched double-digit gains after centralized exchanges added lucrative staking opportunities and quickly listed new DeFi tokens. Centralized cryptocurrency exchanges (CEX) have received increased attention over the past couple of months as excitement builds over Coinbase's April 14 NASDAQ listing and the exchange's recent announcement that it pulled in $1.8 billion in revenue during the first quarter of 2021.  Even as decentralized finance (DeFi) and popular decentralized exchanges (DEX) like Uniswap (UNI) and PancakeSwap (CAKE) attracted investors, high transaction costs and low liquidity on separate blockchain networks means that many crypto traders stick with CEXs for lower trading costs and the sense of security they offer.  While Bitcoin, DeFi tokens and a selection of altcoins have garnered most of the media's attention, exchange tokens have quietly amassed impressive gains over the past few months. KCS/USDT vs.

VC Backed Billion-Dollar Stablecoin Project Fei Protocol Falls Below the USD Peg

The new decentralized finance (defi) stablecoin project called Fei had some issues this week after the 1:1 USD pegged token dropped well below its targeted $1 value.

Developer-focused DeFi aggregator Instadapp launches governance token

How does a DeFi aggregator capture value, and what does it mean for the INST token? In a blog post yesterday, decentralized finance (DeFi) management and protocol aggregator platform Instadapp announced the launch of their governance token, INST.

5 Ways DeFi Can Revolutionize the Healthcare Industry

Pradeep Goel, CEO of Solve.Care, a blockchain-powered platform for healthcare benefits administration and payments. ______ Against the backdrop of the COVID-19 pandemic, the recent growth of the decentralized finance (DeFi) market could change the game for the healthcare industry.

After breaking $100 billion TVL, DeFi is now the equivalent of a top 40 US bank

It's a long road to the #1 spot, but some ecosystem players think we'll get there eventually. According to decentralized finance (DeFi) ecosystem tracker DeFiLlama, early this morning the DeFi ecosystem breached $100 billion in total value locked for the first time — rising 7% from $94.7 billion yesterday to $101.33 billion at the time of publication. Aside from the psychologically significant 9th digit, the figure is notable both for the speed with which it was attained (the ecosystem sat at $20.74 billion total on January 1st, 2021) as well as the sheer quantity of assets the upstart financial vertical now represents.

Join the DeFi train with Clever DeFi, a yield farming platform with fortnightly interest payments

Yield farming is a phenomenon that has driven decentralized finance (DeFi) in the past 12 months.

Shopify CEO Exploring DeFi Integration to E-Commerce Empire

The CEO of Shopify is considering integrating decentralized finance (DeFi) into the firm’s e-commerce platform.

This DeFi Altcoin Is Gearing Up for a 3X Rally, Top Crypto Strategist Predicts

A large-cap decentralized finance (DeFi) altcoin is on the verge of a major 300% rebound, according to popular trader Smart Contracter.

Shopify CEO muses integrating e-commerce giant into DeFi ecosystem

Shopify's CEO seems to have caught the crypto bug, and it could be a boon for adoption. Crypto’s march towards mainstream adoption takes another significant step forward as the CEO of an e-commerce giant is publicly pondering how to integrate his company with the decentralized finance (DeFi) ecosystem. On Friday night, Shopify CEO Tobi Lutke posted a Twitter message asking the DeFi community what “role” Shopify could play in the growing financial vertical: Hey #DeFi Twitter.

Hips Payment Group Launches Merchant Token (MTO), a Cryptocurrency That Will Bring Consumer Protection to Blockchain Payments

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Solution supports decentralized finance (DeFi) trend with consumer protection via smart contracts. DUBLIN, Ireland (April 1, 2021) – HIPS Payment Group Ltd., a provider of innovative and cost-effective e-commerce and mobile payment solutions, today announced that their highly anticipated cryptocurrency,

Is it a CLEVER Idea to Invest in CLVA?

Decentralized Finance (DeFi) is one of the hottest sectors now.

Focus on NFTs and interoperability pushes Icon (ICX), Ark and Axie Infinity higher

Projects focused on NFTs and cross-chain transactions continue to undergo explosive rallies as investors sharpen their focus on the sector. High levels of excitement continue to surround all things nonfungible token (NFT)-related as nonfungible art, collectibles and new business models built on the nascent sector attract a diverse array of investors.  In addition to the development of lucrative secondary markets for NFT listings and sales, crypto projects that are focused on NFTs, decentralized finance (DeFi) and cross-chain interoperability have also seen their native tokens rally significantly. Three projects that fit in this category are Axie Infinity, Icon and Ark. AXS/USDT Axie Infinity is a blockchain-based trading and battling game inspired by games like Pokémon and Tamagotchi that allows players to collect, breed, raise, battle and trade token-based creatures known as Axies.

DeFi platforms Zapper and Aave announce Polygon sidechain integrations

Two DeFi heavyweights will be integrating the one-time Ethereum competitor As cripplingly high gas fees put scalability in the spotlight and multiple platforms rush to become the preferred home of Ethereum’s decentralized finance (DeFi) ecosystem, layer-two sidechain Polygon may be emerging as a frontrunner after scoring two big wins today.  Both lending protocol Aave and portfolio management and batched transaction platform Zapper have announced that they will be offering implementations on Polygon.

PARSIQ’s IQ Protocol launches, powering the tokenized-SaaS ecosystem of the future

PARSIQ has launched its revolutionary IQ Protocol on testnet (Ethereum) - a decentralized finance (DeFi) solution for the SaaS market.

Defi Venture XFai Reveals Liquidity Generation Event, Project Backed by Angel Investor Roger Ver

Decentralized finance (defi) has seen extreme demand and innovative use-cases during the last 12 months.

NetCents Technology to Facilitate DeFi Investments on Its Platform via Vesto Partnership

NetCents Technology, a cryptocurrency payments company, has signed an agreement with Vesto to enable decentralized finance (DeFi) protocols to run on its platform.

FOMO or fundamentals? Here’s why Orion Protocol (ORN) rallied by 730%

Orion Protocol has rallied 730% since February to hit a $500 million market cap, but what’s really behind the recent gains? As the decentralized finance (DeFi) industry grows, new exchanges and liquidity pools constantly emerge.

Zeitgeist Brings a Prediction Markets Ecosystem to Polkadot’s Kusama

To capitalize on the growing popularity of blockchain trends like decentralized finance (defi), Zeitgeist will be rolling out a new native prediction platform for Polkadot to expand the scope of opportunities available for retail crypto investors.

DeFi - CeFi Convergence & 'Explosive' Growth Are Coming - BIS Summit Panel

Decentralized finance (DeFi) and centralized finance (CeFi) are heading towards convergence as we are entering a period of rapid development for DeFi applications worldwide, according to the participants of a panel discussion at this year’s BIS Innovation Summit, an event hosted by the Bank for International Settlements (BIS). The panel, entitled 'CeFi to DeFi: can

Crypto Trader Lark Davis Says He’s Investing in This Brand New Altcoin

Crypto influencer Lark Davis is unveiling the name of a brand new decentralized finance (DeFi) asset that he’s personally buying.

DeFi Sandwich Traders Get 'Salmonella'

A trader decided to try out an experiment in exploitation as a cautionary tale to all decentralized finance (DeFi) entrants, gaining more than ETH 100 (USD 168,560) in profits from sandwich trading contracts.

Analyst Nicholas Merten Says He’s Buying Three DeFi Coins As Next Altcoin Cycle Heats Up

Crypto trader and strategist Nicholas Merten reveals that he’s accumulating three decentralized finance (DeFi) assets in preparation for the next altcoin hype cycle.

Shabu Shabu Finance- A true DeFi project survivor

2020 was a unique year in the crypto space as it brought about the rise of a new sector known as decentralized finance (DeFi).

DeFi Platforms PancakeSwap and Cream Finance Hit With Simultaneous Domain Attacks

Hackers have hit decentralized finance (DeFi) platforms PancakeSwap (CAKE) and Cream Finance (CREAM) in simultaneous attacks that sought to compromise users’ private keys.

Another DeFi Hack: PancakeSwap, Cream Finance Websites Compromised

At least two decentralized finance (DeFi) projects - Pancakeswap (CAKE) and Cream Finance (CREAM) - urged their users to stay away from their websites that were hit with so-called DNS-hijacks. "Your funds are only at risk if you enter your private key or seed phrase into the hijacked site.

Alchemix announces $4.9 million raise led by CMS, Alameda, and e-Girl Capital

Established VC firms join more atypical investment entities in positioning the young DeFi protocol for the future A fast riser in the decentralized finance (DeFi) world has announced a $4.9 million raise today led by major industry venture capital groups — as well as some unusual, upstart players.  Alchemix, a DeFi lending protocol whose loans automatically repay themselves via deposits into other yield-bearing protocols, announced on Discord today a $4.9 million raise led by ten investors including industry mainstays CMS Holdings and Alameda Research, as well as upstart crypto VC players such as eGirl Capital.

Survey Unveils 72% of US Accredited Investors Are Planning to Invest in Defi in 2021

A new survey revealed the latest trend among accredited investors in the United States, targeting the decentralized finance (defi) sphere.

Top Trader Bullish on Three DeFi Altcoins, Predicts Bitcoin To Punch Above $70,000 by April

A closely-followed trader and analyst known in the industry as Smart Contracter is saying that three decentralized finance (DeFi) assets are gearing up for explosive breakouts.

Ethereum’s Buterin Highlights Layer-Two Rollups as Potential Scaling Solution

As questions circle about the network’s capacities following surging transaction costs and accelerating activity in the decentralized finance (defi) arena, Ethereum’s founder Vitalik Buterin opines that layer-2 solutions could help the network scale by a factor of 100x in mere months to meet growing demand.

World’s Easiest Onramp for Crypto Beginners: From EUR in Your Bank Account to BTC or NIM in “Your-Keys-Your-Coins” Wallet in Under 5 Minutes

A handshake between traditional finance and decentralized finance (DeFi) is finally happening! Nimiq – a non-profit and open source blockchain project has enabled Atomic Swaps for fiat and cryptocurrencies.

This Crypto Asset Could Be the Most Undervalued Project in DeFi, According to Coin Bureau

The digital asset portal Coin Bureau says one cryptocurrency is trading well below its fair value relative to other tokens in decentralized finance (DeFi).

DeFi Sector May Face Threat from New EU Crypto Regulations – Survey

European crypto and blockchain players are worried that incoming regulatory frameworks could usher in “excessive requirements” that could “pose significant challenges for crypto-based projects,” particularly in the decentralized finance (DeFi) space, with “irreconcilable” obstacles, a survey has found. The survey was commissioned by the International Association

Two New DeFi Assets Skyrocket As Bitcoin and Ethereum Move Sideways

A new breed of decentralized finance (DeFi) assets are popping up as Bitcoin (BTC) and Ethereum (ETH) continue to consolidate.

DeFi summer 2.0? 'Gen 2' tokens on a tear amid wider market slump

Decentralized finance 'Gen2' tokens sprint forward as the broader DeFi market gasps for air As some brand-name decentralized finance (DeFi) tokens sputter, a crop of new projects have emerged that are catching strong bids on the back of aggressive yield farming programs, generous airdrops, and significant technical advances.  It’s a set of outlier projects pushing forward on both price and fundamentals that has led one crypto analyst, eGirl Capital’s mewny, to brand them as DeFi’s “Gen 2.” feels like theres a gen 1 and gen 2 of defi tokens now the former is stagnant and the latter is pampinghas nothing to do with fundamentals.

PAID Network Protocol Exploited, Attacker Grabs $3,000,000 in Ethereum

Decentralized finance (DeFi) platform PAID Network Protocol is dealing with the aftermath of an exploit in which the attacker got away with millions of dollars worth of Ethereum (ETH).

DeFi On Bitcoin To Grow In The Shadow Of Ethereum

Decentralized finance (DeFi) is big and getting bigger, having accounted for only USD 1bn in total value locked (TVL) in July 2020 and now accounting for around USD 40bn.

Ethereum gas fees drop as daily DEX and DeFi volumes decline

Ethereum fees have pulled back from their recent highs alongside a decline in DeFi transaction volumes but the rise of NFTs could push transaction costs back to new highs. The rising popularity of decentralized finance (DeFi) has brought fresh attention and optimism to the cryptocurrency sector with the total value locked on all protocols increasing from $1 billion to $59 billion in less than a year and the top 5 platforms accounting for $24.33 billion of the total value.

Binance Smart Chain 'copykat' project loses $31 million in possible rugpull

Users now need to ask: how many more protocols are at risk? At roughly 9 am UTC today Meerkat, a decentralized finance (DeFi) protocol on Binance’s smart contract platform, lost $31 million worth of BNB tokens.

Polkadex Raises $3M from CMS Holdings, Outlier Ventures, OKEx Capital and more

[PRESS RELEASE – Please Read Disclaimer] Mar 3, 2021 – Polkadex, the decentralized exchange (DEX) built for Web3 and decentralized finance (DeFi), has raised $3 million in seed and private investment rounds from LD Capital, Kenetic Capital, OkEx capital, NGC, QCP, AU21 Capital, CMS Holdings, OKEx Capital, PNYX Capital, Genesis Block Capital, JRR Group, Cluster […]

Polkadex, DEX built for Web3, Raises $3M from CMS Holdings, Outlier Ventures, OKEx Capital and more

March 3rd, 2021 - Polkadex, the decentralized exchange (DEX) built for Web3 and decentralized finance (DeFi), has raised $3 million in seed and private investment rounds from LD Capital, Kenetic Capit The post Polkadex, DEX built for Web3, Raises $3M from CMS Holdings, Outlier Ventures, OKEx Capital and more appeared first on AMBCrypto.

Badger DAO announces $21 million treasury diversification via VC partners

Badger DAO has welcomed some deep-pocketed investors into the community with an asset sale aimed at de-risking the treasury portfolio. Some major venture capital names are ‘sett’ to join the Badger DAO community.  Bitcoin on Ethereum-focused decentralized finance (DeFi) protocol Badger DAO announced today a $21 million sale of DAO treasury assets to four major investors: Polychain Capital, Parafi Capital, Blockchain Capital, and noted whale wallet 0xB1.

Flare Finance: Expanding DeFi to Ripple, Dogecoin, and Litecoin

[Featured Content] The field of decentralized finance (DeFi) is booming over the past year.

BIS and SWIFT Intensify Race With Crypto For Cross-Border Payments

Major players of the traditional financial industry are looking for new ways how to keep their positions, threatened by the emerging cryptoasset and decentralized finance (DeFi) industries.

Jigstack DAO Acquires Icorating.com Platform to Strengthen Its Token Launch Pad Lemonade

A decentralized finance (defi) protocol announced that it officially acquired an initial coin offering (ICO) listing platform.

Layer-2 race heats up as Loopring (LRC) price gains 430% in 2021

Loopring’s increasing DEX volume and token price show the project is emerging as one of the leading layer-two solutions working to address the high gas fees on the Ethereum network. Cross-chain bridges and layer-two solutions have become an important topic of conversation in recent weeks as protocols compete to offer the best solution to skyrocketing transaction costs on the Ethereum network.  While a lot of the focus in decentralized finance (DeFi) has been on the creation of a sprawling multichain ecosystem following the recent emergence of Binance Smart Chain and Avalanche, those who wish to stay on Ethereum have turned to layer-two solutions like Loopring as their preferred method of escape. A recent report from Delphi Digital has identified Loopring’s decentralized exchange (DEX) as one of the top layer-two contenders, as it has already settled $590 million in volume in 2021.

Aave and Balancer announce hybrid AMM liquidity pool & lending product

In what may become an industry standard, unused liquidity from Balancer will be deposited into Aave, significantly increasing depositor yield In the latest feat of decentralized finance (DeFi) money lego magic, lending platform Aave and automated market maker (AMM) Balancer have teamed up on a hybrid liquidity-and-lending feature that may significantly fatten depositor yields. In a blog post today, Balancer CEO Fernando Martinelli unveiled plans for the project, dubbed the Balancer V2 Asset Manager.

Top Crypto Analyst Says He Plans To Build Large Position in This Relatively Unknown Altcoin

A prominent crypto strategist and technical analyst is revealing his plan to build a big position in an under-the-radar altcoin.  In a new tweet, the pseudonymous analyst known as Cantering Clark tells his 53,000 followers that he’s looking to accumulate a new breed of crypto asset that targets both users of the decentralized finance (DeFi) […] The post Top Crypto Analyst Says He Plans To Build Large Position in This Relatively Unknown Altcoin appeared first on The Daily Hodl.

CyberFi – An Intelligent Trading and Automation Platform for DeFi

While the decentralized finance (DeFi) space is not new, it has experienced massive growth to surpass $37 billion.

Crypto Trader Ben Armstrong Names Top Altcoin, Says Little-Known Crypto Asset Will Erupt in 2021

Crypto trader and YouTuber Ben Armstrong says he’s expecting a decentralized finance (DeFi) gem that’s flying under the radar to explode this year.

With rebrand on the horizon, Sushiswap receives “Sushi.com” domain name gift

The team "can't believe" they've claimed the hot digital property, and say that the gift came at an opportune time A major decentralized finance (DeFi) protocol’s SEO metrics just spiked through the roof.  In a tweet today cryptocurrency investment fund Future Fund announced that they’d acquired the “sushi.com” domain name on behalf of DeFi platform Sushiswap. Happy to announce we’ve acquired https://t.co/Hjsm7MOIYY for @sushiswapA strong domain will greatly increase internet traffic and exposure to the sushi brand for their forthcoming new projects.2021 will be a big year for $SUSHI pic.twitter.com/NWWkgTldWq— Future Fund (@FUTURE_FUND_) February 19, 2021 Sushiswap’s online presence is notoriously scattered, including domains like “sushiswap.fi” and “sushiswapclassic.org.” In the announcement, Future Fund noted that the simplicity is an improvement, saying, “A strong domain will greatly increase internet traffic and exposure to the sushi brand.” While the terms of the purchase were not revealed, the domain is a hot property that has previously been listed for between $600,000 and $1.5 million, according to various domain sales sites. When ask about the purchase, Sushiswap CTO Joseph Delong’s initial reactions was simple: “Pretty based imo.” According to Delong and core contributor 0xMaki, the timing of the buy couldn’t have been better.

Uniswap (UNI), Compound (COMP), Other DeFi Coins Are Slipping Lower

Top decentralized finance (DeFi) coins are sliding lower despite strength in the Ethereum price.

Crypto Trader Elliot Wainman Says This Low-Cap Crypto Asset Built on Ethereum Could Be the Next Big Moonshot

Crypto influencer and trader Elliot Wainman is bullish on a low-cap altcoin that is combining the advantages of decentralized finance (DeFi) and non-fungible tokens (NFTs).

Solana Founder On Critical DeFi Challenges and How To Fix Them

Anatoly Yakovenko. Source: A video screenshot, Youtube/Solana High transaction fees and security are the two most pressing challenges in the decentralized finance (DeFi) industry, according to Anatoly Yakovenko, Founder and CEO of blockchain developer Solana (SOL).

As faith in audits falter, the DeFi community ponders security alternatives

Can new code review models solve DeFi's audit problem? As the attacks launched against popular decentralized finance (DeFi) protocols grow ever-more complex, the efficacy of audits from major security companies have in turn come under scrutiny — and some members of the DeFi community have already begun building homegrown alternatives. “I think that now, after all the hacks we’ve had, we basically understand that if you have two audits, three audits, it doesn’t mean you’re safe,” said the co-founder of DeFi Italy Emiliano Bonassi in an interview with Cointelegraph.

PancakeSwap becomes the first billion-dollar project on Binance Smart Chain

PancakeSwap takes advantage of lower costs on the Binance Smart Chain to become the second-ranked DEX by volume. PancakeSwap (CAKE) has emerged as a rising star in the decentralized finance (DeFi) sector with the recent surge in price helping the food-themed token become the first billion-dollar project on the Binance Smart Chain (BSC). Data from Cointelegraph Markets and Tradingview shows that the price of CAKE has risen 520% since reaching a low of $1.89 on Feb.

Mark Cuban Says Crypto-Based DeFi Movement Reminds Him of Early Days of the Internet

Billionaire entrepreneur Mark Cuban says the crypto-based world of decentralized finance (DeFi) reminds him of the internet boom in the mid-90s.

Bryan Legend and DeFi Go Together Like Stock and Bonds

Decentralized Finance (DeFi), a product of cryptocurrency’s evolution since the introduction of Bitcoin more than a decade ago is now in a position to mirror the traditional financial products and services.

0x takes initial steps towards decentralizing governance

As the price for ZRX surges, the 0x team is taking initial steps towards community governance In a post today on their governance and research forums, the team behind decentralized finance (DeFi) DEX protocol 0x announced initial plans to decentralize their governance by creating a “community-owned treasury seed-funded by 0x Labs.” “As we continue our mission to create a tokenized world where all value can flow freely, 0x Labs intends to experiment with seed-funding a community treasury managed by a DAO,” reads the post.

Ethereum devs grumble as Harvest Finance and Value Defi eye Binance Smart Chain

Two Ethereum-native DeFi protocols are headed to Binance Smart Chain, but critics doubt the layer-1 has staying power Today, yield aggregator Harvest Finance and multi-service platform Value DeFi — two Ethereum-native decentralized finance (DeFi) protocols accounting for nearly a billion dollars in total value locked between them — announced planned expansions to Binance Smart Chain, the smart contract platform built by crypto exchange giant Binance. Not everyone in the Ethereum community is ready to take BSC seriously, however.

DeFi Could Trigger Paradigm Shift in the Financial Industry, According to St. Louis Federal Reserve Report

The St. Louis Federal Reserve, one of the 12 regional banks of the US central banking system, has published a new report analyzing the potential of decentralized Finance (DeFi).

TORN soars 200% as Tornado.Cash’s governance token becomes tradable

Apes rejoice as yet another token airdrop fattens their portfolios The decentralized finance (DeFi) “stimulus checks” keep coming as Tornado.Cash joins Uniswap, Badger DAO, StakeDAO, and others in “airdropping” a now-tradable TORN governance token to early protocol participants. Tornado Cash, which is an Ethereum “tumbling” service that obscures transactional history in order to preserve user privacy (as well as allow scammers and hackers a method to launder their funds), first announced the launch of a governance token in December.