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Survey: Large Number of Yield Farmers Can’t Read Smart Contracts Despite High Risk
23.9.2020
A new Coingecko survey has found that a large number of yield farmers do not know how to read smart contracts despite claiming they understand the risks that come with such investments. According to the survey, which polled 1,347 people, around 40% of decentralized finance (defi) users cannot...
Defi Economy Rebounds: Total-Value Locked Jumps 28% Capturing Close to $9B
18.9.2020
The total-value locked (TVL) in decentralized finance (defi) economy has recaptured much of the value lost during the Sushiswap fiasco last week. At the time, the defi TVL tumbled down to $6.8 billion from the $9.6 billion high on September 8, suffering a loss of close to -29%. Since then, however...
Uniswap’s Distribution Is Built on Something That Can’t Be Forked: Actual Users
18.9.2020
Uniswap distributed 400 of its new UNI tokens, a $1,400 value, to all its past users. Observers say the big surprise is likely to pay years of dividends
Defi Boom: Bubble Fears Grow as ‘Toxic’ Community Disagrees on Way Forward
15.9.2020
The decentralized finance (defi) space is headed for an implosion unless the divided community leaders step forward with solutions. This is discernible from September 13 Sunday morning tweets by some influential players in the defi space wherein they attack each other. Waves blockchain creator...
First Mover: As Central Banks Print $1.4B an Hour, Bitcoiners Bet on Federal Reserve ‘Capture’
14.9.2020
Though no fresh stimulus is expected this week from the Fed, bitcoiners betting on money printing could just wait for the next sell-off in U.S stocks
Sushiswap’s 2 Million Token Airdrop: Founders Face Accusations of ‘Making Defi a Joke Again’
14.9.2020
Sushiswap’s new leader and FTX CEO Sam Bankman-Fried tweeted on September 12 that the promised 2 million token airdrop would go on as scheduled. The process was expected to last up to two hours or less depending on network congestion. The airdrop caps an eventful week for Sushiswap that...
Uniswap Takes Lead Over SushiSwap Less Than 24 Hours After SUSHI Rewards Drop
13.9.2020
Shortly after SushiSwap's block rewards fell from 1,000 SUSHI tokens to 100, total value locked has fallen behind rival Uniswap
What to Watch for as SushiSwap Cuts Block Rewards From 1,000 to 100 SUSHI
13.9.2020
SushiSwap will distribute 90% less $SUSHI to its liquidity providers as it did before – and it's anyone's guess whether the piles of crypto locked in will stay
The Raw, Savage Capitalism of Open-Source Protocols
12.9.2020
Recapping the biggest stories of the week, including Joe Biden’s China plan, a market holding pattern and, of course, the strange competitive saga of SUSHI
SushiSwap’s Users Voted for Changes, but the Protocol Can’t Deliver Without an Overhaul
11.9.2020
Another SushiSwap smart contract migration may be on the menu if newly voted-for policy proposals are going to be implemented
Sushiswap Creator Returns $14 Million After Community Cries Exit Scam
11.9.2020
One week after the Sushiswap creator was accused of an exit scam, he has returned all of the coins he cashed out. The anonymous creator also apologizes to the community, including to Binance which came under fire for listing the sushi token. Sushiswap Creator Says ‘Sorry’ The creator...
Market Wrap: Bitcoin Stuck at $10.3K; Uniswap Value Locked Gyrates
11.9.2020
The bitcoin market lacks momentum Friday but Uniswap's value locked is on a roller-coaster ride
‘I F*cked Up’: SushiSwap Creator Chef Nomi Returns $14M Dev Fund
11.9.2020
SushiSwap creator "Chef Nomi" has returned all $14 million in ether, apologizing to the DeFi project's community for suddenly liquidating his holdings
First Mover: Ethereum Gets Unplanned Stress Test as DeFi Fever Grows
11.9.2020
The Ethereum blockchain's soaring gas prices don't seem to have deterred customers, as DeFi usage grows and tests what the market can bear
SushiSwap Co-Founder Sees Future Users in China and on Other Blockchains
11.9.2020
SushiSwap cofounder Maki believes the project can expand to include other chains, he told CoinDesk China in an exclusive interview
Defi Project Yfdex.Finance Vanishes With $20M Investors’ Funds Just Two Days After Launch
11.9.2020
Yfdex.Finance (Yfdex), a new liquidity mining pool, has reportedly exit scammed, making off with up to $20 million of investors’ funds. The decentralized finance (Defi) project convinced people to hand over their life savings following just two days of aggressive marketing on social media...
Bitcoin News Roundup for Sept. 10, 2020
10.9.2020
With bitcoin lawsuits in the news and SushiSwap's migration completed, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Uniswap’s September Volume Passes August’s $6.7B Record in Just 10 Days
10.9.2020
September is the fifth consecutive monthly all-time high for Uniswap volume
First Mover: DeFI ‘Vampire’ SushiSwap Sucks $800M from Uniswap; BitMEX Basis Lags
10.9.2020
SushiSwap, the "vampire mining" protocol, sucked more than $800 million from rival Uniswap in the latest DeFi mind-bender. PLUS: BitMEX futures distortions
Defi Trader Pockets $250k From Bug Exploit, Hints at Possible Exit Scam by $SYFI Devs
10.9.2020
An anonymous Defi trader says he gained almost $250 000 after inadvertently exploiting a rebase bug embedded in the $SYFI Defi token. The trader, who insists he had no prior knowledge about the bug, got this reward after staking an initial investment of 0.5 ETH or about $175 at current prices. In...