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During the last two years investment vehicles that allow crypto asset holders to gather yields have grown exponentially and anyone can make passive income with a number of avenues. Staking validators, decentralized finance (defi) lending services, and interest rate earning accounts provide digital currency holders with the means to make their money work for them. … Read more
DeFi has been the name of the game since the start of the summer, but how much is the sector really growing? Go to Source Powered by WPeMatico
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? Go to Source Powered by WPeMatico
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 … Read more
MakerDAO posts records in value locked as yield farmers create new Dai and Ether rallies. Go to Source Powered by WPeMatico
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 … Read more
Balancer hacked twice within 24 hours, though this time the sum is relatively small. Go to Source Powered by WPeMatico
Surprise Binance listings have led to a sudden 25% spike in the price of Compound’s Governance Token. Go to Source Powered by WPeMatico
Its total value locked increased by over $500 million in the span of several days. Moreover, it seems as if money is being pulled out of MakerDAO. Go to Source Powered by WPeMatico
The battle lines have been drawn and the troops assembled. On the one side stands the combined might of the banking cartels, centuries of deeply entrenched financial infrastructure supporting them. And on the other side stands a handful of crypto companies armed with little more than a passionate plea: “Ditch the legacy system and come … Read more
