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Dydx Processed $1.1 Billion Cryptocurrency Loans in 12 Months — 70% in Just 60 Days
23.4.2020
Cryptocurrency lender Dydx advanced a total of $1.14 billion in digital asset loans over the past 12 months. But about 70% of the money was borrowed in just two months, February and March, as coronavirus-linked volatility triggered a frenzy of borrowing among investors. Monthly volume remained...
Stablecoins and Crosschain Loans: 2 Projects Attempt to Bring Defi Solutions to Bitcoin
22.4.2020
While decentralized finance (defi) solutions have grown popular on the Ethereum blockchain, developers have recently created similar systems by leveraging BTC’s network. A project called Atomic Loans claims to offer a noncustodial bitcoin-backed stablecoin solution, while Money on chain a...
DYdX’s Generates $1B in DeFi Loans Over One Year
20.4.2020
DeFi lending protocol dYdX has processed more than $1.1 billion in loans in its first year of operation
‘Black Thursday’ Liquidations Sparks $28M Lawsuit Against Maker Foundation
15.4.2020
The Maker Foundation is being sued in a class-action lawsuit for $28 million over the March 12 event that caused over $2 million in liquidations. The lawsuit alleges that the team behind the Makerdao project did not explain the extreme risk of loss to investors. Also read: ETH Price Strains Defi...
How Zero Interest Rates in the US Will Impact Stablecoin Adoption
14.4.2020
Financial measures to fight the COVID-19 pandemic might force the adoption of stablecoins worldwide
The Pandemic Couldn’t Have Provided a Better Environment for Crypto
10.4.2020
In response to coronavirus pandemic, the industry of emerging technologies, such as crypto, has a chance to prove its success
Chicago DeFi Alliance Launches to Save Decentralized Finance
8.4.2020
Major U.S. brokerage TD Ameritrade backs the Chicago DeFi Alliance, a new initiative aiming to support DeFi development in compliance with trading regulations
Anyhedge to Launch Blockchain-Enforced Synthetic Derivatives for Bitcoin Cash
2.4.2020
Developers from the organization General Protocols have announced the launch of a synthetic derivatives platform built on Bitcoin Cash. The project Anyhedge aims to be the first decentralized finance (defi) protocol on any branch of Bitcoin and the platform will launch in cooperation with...
Insight on Liquidity from DeFi Protocols
2.4.2020
The decentralized finance industry requires decentralized liquidity in order to prove itself as a successful financial instrument for the future
Book Review - CoinGecko’s ‘How to DeFi’
29.3.2020
Book Review - CoinGecko’s ‘How to DeFi’. A great guide for beginners wanting to understand more about Decentralized Finance
DeFi on Bitcoin: The Time Has Come for Decentralized Finance to Run on top of Bitcoin´s Network
18.3.2020
The main aim behind DeFi (decentralized finance) is to create a financial service ecosystem that’s open-source, permissionless, transparent and functioningContinue Reading
The post DeFi on Bitcoin: The Time Has Come for Decentralized Finance to Run on top of Bitcoin´s Network appeared first...
Celsius Network Is Profitable and Resisting Market Downturn, Claims CEO
18.3.2020
Celsius Network founder and CEO Alex Mashinsky noted the Celsius Network’s profitably and resilience amid shaky global markets
MakerDAO Governance Approves USDC Stablecoin as Collateral
18.3.2020
The MakerDAO governance has approved stablecoin USDC as the third collateral type accepted in the Maker Protocol
ETH Price Strains Defi Collateral Loans as ‘Black Swan’ Event Strikes Makerdao
13.3.2020
The price of ethereum dropping double digits on March 12 sent shockwaves through the decentralized finance (defi) community. Makerdao’s single collateral DAI has been struggling and the low price of ETH has left millions worth of DAI undercollateralized. The defi project’s...
Libra Wanted a Currency, All We Need Are DeFi’s Open Payment Rails
10.3.2020
Rather than build an alternative currency like Libra, Facebook should concentrate on building new infrastructure, like the open systems in the ethereum-DeFi space, says ConsenSys's Lex Sokolin
Decentralized Finance: The Millennial Solution for Finance Requirements
1.3.2020
With the start of the era of cryptocurrencies in the financial market space in 2018, came to light the pedagogy of decentralization. The unprecedented excellence of decentralization led to a widescale transitional shift from the traditional centralized mechanism that had been in use for ages....
Understanding Defi Flash Loans: Complex Attacks, Inflation and Composable Systems
23.2.2020
Two recent flash loans on the defi platform Bzx have started a fierce debate about the subject of using uncollateralized loans in a quick trade. Essentially these flash loans are providing people with the ability to borrow crypto without relinquishing any collateral. The scheme was used to exploit...
Defi for Bitcoin: Collateral Peg Platform Provides Noncustodial BTC Lending on Ethereum
19.2.2020
During the second week of February, a new project called tBTC was unveiled that is similar to the Wrapped Bitcoin (WBTC) created with the Ethereum network. However, the tBTC effort claims to be a noncustodial application that allows users to deposit BTC, mint tBTC, and lend it with interest. Also...
DEX Volume Soars But Bzx Exploit Raises Questions About ‘Decentralization Theatre’
18.2.2020
As the decentralized finance juggernaut rolls inexorably forward, the exploitation of defi project Bzx – in which $350K, or around 2% of total assets was taken – has called the decentralization of the industry into doubt. The attack forced an admin key reset to redeem lost funds...
Exploit During ETHDenver Reveals Experimental Nature of Decentralized Finance
15.2.2020
A $350,000 hack casts light on the problem of depending on single price oracles