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The rapid growth of decentralized finance (defi) protocols is contributing to the increasing proportion of ETH supply that is now locked in smart contracts. More than 15% of the total ETH supply is now locked, compared to 11.5% from a year ago. This growth led to the inevitable decline of BTC dominance. According to a … Read more
It seems zero interest rates were not enough to keep DAI stable. Go to Source Powered by WPeMatico
A massive yield farming strategy finally provides a mechanism to push the DAI price down. Go to Source Powered by WPeMatico
This weekend the decentralized money market protocol Aave broke records as the community witnessed a massive flash loan of $14 million worth of the stablecoin DAI. So far, the Aave protocol has seen over $300 million in flash loans to-date and this trend doesn’t seem to be abating any time soon. In just a short … Read more
A Compound proposal could put a major dent in the profits for all yield farmers. Go to Source Powered by WPeMatico
Getting all the facts right is hard, especially when you don’t have internet access. Go to Source Powered by WPeMatico
New data shows more than 50% of DAI is locked in Compound and this raises concerns about DAI’s long term prospects. Go to Source Powered by WPeMatico
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
Maker, Synthetic, Band Protocol, and Augur are the top DeFi platforms in terms of developer activity. Go to Source Powered by WPeMatico
Statistics show that the decentralized finance (defi) economy has grown massively this year as the total value locked (TVL) in defi recently surpassed $4 billion. Between dex platforms, derivatives, stablecoins, lending, and non-fungible asset creation the second quarter of 2020 has propelled the Ethereum network to new heights. Decentralized finance (defi) is a term used … Read more
