DEFI
Decentralized Finance, DeFi as a concept is to be able to offer almost all the financial services available with legacy and centralized institutions, typically banks, but on the blockchain. Whatever traditional services financial institutions provide can be expected to be offered through DeFi. In short, Defi is blockchain-based financial services that traditional financial services map into, creating new services or derivatives stemming from blockchain's unique features. Although we have had concepts like distributed computing and decentralized computing for decades, DeFi is in fact a new concept and an expansion of the application scope of blockchain as infrastructure.
Coinbase Pro Will List Uniswap Token UNI Instead of Sushi Token
Major United States crypto exchange Coinbase will list the Uniswap token UNI which was launched earlier today but snubs Sushi token.
DeFi’s Smart Contract Risks: Cream Finance’s Input Error Led to CREAM Token Plunging 25%
The DeFi sector has attracted millions to billions of dollars worth of crypto to the industry, however, some protocols have shown issues.
Uniswap DEX Launches UNI Governance Token
Uniswap, the decentralized exchange platform, and the on-chain market maker has launched its own governance token called Uni.
$1 Million in USDT Refunded After DeFi Mistake
Tether CTO Paolo Ardoino announced last Friday, that a group of Chinese traders had mistakenly sent their funds to Swerve, a clone of Curve Finance.
Coinbase and Circle Add Algorand Blockchain to Multi-Chain USDC Stablecoin Framework—Faster than Ethereum
Coinbase and Circle Centre Consortium have expanded USDC from Ethereum to Algorand’s blockchain as part of its multi-chain USDC framework.
SushiSwap (SUSHI) Slashes Rewards and Total Value Locked Takes a Plunge—What Does This Say About LPs?
SushiSwap (SUSHI) recently cut its rewards from 1,000 SUSHI tokens per block for liquidity providers, to 100 SUSHI tokens as of Ethereum block 10850000.
DeFi Market Recovers as Sushiswap (SUSHI) Migration Resulted in 225% More in Total Value Locked
Decentralized finance projects recently witnessed its tokens plummet, crashing up to 50%. The DeFi industry has slightly recovered, rebounding 19% today.
FTX’s CEO to Reduce Sushiswap Supply, Analytics Firm Suggests SUSHI’s Price is Overvalued
A few days after receiving control over the Sushiswap protocol, FTX’s CEO Sam Bankman-Fried recently announced his ideas regarding the future of the protocol.
Has the DeFi Bubble Burst? Top DeFi Tokens Crash by 50%
The decentralized finance (DeFi) industry appears to be crashing, with DeFi tokens plummeting and dropping by 50% and more over the past seven days.
Ethereum Crypto Crashes to $340 After SushiSwap’s Alleged Exit Scam
The price of Ethereum (ETH) crashed recently, dropping to a low of $315 over the weekend, after hitting an all-time high of $487 last Wednesday.
Will the Impact of Yearn Finance's yETH Vault on the DeFi Space Last Long?
Yearn.finance, a decentralized finance (DeFi) protocol, has recently launched yETH vault, enabling the process of seeking the best returns for yield farmers
3 Reasons Behind the Recent Crypto Market Crash—Why Bitcoin Price Dropped $600
The Bitcoin price started to plunge in coincidence with our report of the Korean police raiding Korea’s largest cryptocurrency exchange Bithumb for fraud.
What is Sushiswap (SUSHI) and Why it Enabled Uniswap’s Trading Volume to Surpass Coinbase
The decentralized finance (DeFi) industry has surpassed $9 billion in total value locked (TVL) recently resulting from the latest surge in popularity.
Vitalik Buterin Sceptical About DeFi Yield Farming, Compares It to US Federal Reserve Money Printing
Vitalik Buterin has criticized the yield farming craze observed from the DeFi sector, comparing it to the US Federal Reserve’s mass printing strategy.
Yearn Finance (YFI) Surges to 3X the Value of Bitcoin, Reaching Another All-Time High in Anticipation of yETH launch
Yearn.finance (YFI) token has seen a new all-time high, reaching $39,600 on Binance, just a day after its previous new high of $38,000. What's behind the surge?