Tagged: decentralized finance

August 8, 2020 @ 7:36 pm By Omar Faridi  |  

Santiment, which offers on-chain, social and curated information on over 900 cryptocurrencies, notes that, quite often, development activity is an “underrated” indicator of the success of a blockchain or digital asset project. Santiment believes that developer activity for crypto-related initiatives proves or shows the month-to-month… Read More

August 8, 2020 @ 7:01 pm By Omar Faridi  |  

Equilibrium, which describes itself as an all-in-one, interoperable decentralized finance (DeFi) Hub that lets users stake (cryptocurrencies) and earn, lend and raise liquidity “all in one place,” has partnered with Polkadot, a leading blockchain protocol that has been founded by Gavin Wood, an Ethereum (ETH)… Read More

August 7, 2020 @ 7:00 pm By Omar Faridi  |  

Avalanche, which is AVA Labs‘ project led by Cornell computer science professor Emin Gün Sirer, has teamed up with blockchain network testers from Whiteblock, in order to analyze performance, identify key optimizations, and “ensure the production readiness” of the Avalanche protocol implementation. As mentioned in… Read More

August 7, 2020 @ 5:09 pm By Omar Faridi  |  

Ethereum based Uniswap, a leading non-custodial crypto token exchange, has reportedly secured $11 million through a Series A investment round. Uniswap’s latest funding round was led by giant VC firm Andreessen Horowitz. Union Square Ventures, Version One, Parafi Capital, Variant, SV Angel and A. Capital… Read More

August 3, 2020 @ 11:13 pm By Omar Faridi  |  

The decentralized finance (DeFi) sector continues to experience significant growth, as the total value locked in its markets has surpassed $4 billion, according to DeFi Pulse data. DeFi markets leverage blockchain or distributed ledger technology (DLT), crypto-assets, and smart contracts (automated business logic), in order… Read More

August 2, 2020 @ 4:40 pm By Omar Faridi  |  

The development team at Avalanche, which is AVA Labs‘ project led by Cornell computer science professor Emin Gün Sirer, confirms that it has been a few months now since they opened Avalanche’s Denali testnet to the general public. Avalanche aims to be a scalable, open-source… Read More

July 25, 2020 @ 3:21 pm By Omar Faridi  |  

CenterPrime, a private Hyperledger based blockchain platform with access to the South Korean Open Banking API, is now sharing foreign exchange (FX) rate data from large Korean banks to Chainlink’s decentralized oracle network. Participating banks include Hana Bank, Shinhan Bank, Nonghyup Bank, and Industrial Bank… Read More

July 13, 2020 @ 9:49 pm By Omar Faridi  |  

Although the decentralized crypto-asset exchange (DEX) sector is still in its early stages of development, it can be argued that there are some platforms that are beginning to take the lead when it comes to the number of digital assets they’re supporting. Ethereum (ETH)-based Uniswap,… Read More

July 13, 2020 @ 12:00 pm By Omar Faridi  |  

Pankaj Balani, CEO and Co-Founder at Delta, a derivatives exchange for cryptocurrencies, recently shared his views and insights with Crowdfund Insider about the dramatic surge in DeFi (decentralized finance) protocol Compound’s COMP token. Balani noted that we can begin to assess the value of COMP… Read More

July 8, 2020 @ 10:14 pm By Omar Faridi  |  

Kyber Network, a protocol that aggregates on-chain liquidity (on blockchains) and facilitates “decentralized” token trading, has introduced the Katalyst protocol update to better fulfill the liquidity requirements of the decentralized blockchain ecosystem. As mentioned in a release shared with CI: “Katalyst [aims to] harmonize Kyber’s… Read More

July 4, 2020 @ 3:57 pm By Omar Faridi  |  

Ethereum (ETH) currently stands and maintains its position as the world’s most significant blockchain despite the recent surge in gas prices (gas is used to power transactions and other forms of economic activity on Ethereum). The value or market cap of the Ethereum blockchain increased… Read More

July 4, 2020 @ 3:03 pm By Omar Faridi  |  

The blockchain-based decentralized applications (dApps) ecosystem appears to have experienced significant growth during Q2 2020. As expected, most of the development involved decentralized finance (DeFi) apps running on Ethereum (ETH), the world’s largest smart contract platform. Decentralized (or non-custodial) crypto exchanges (DEXs) led the way… Read More

June 29, 2020 @ 8:49 pm By Omar Faridi  |  

Bitcoin and distributed systems expert Andreas Antonopoulos recently acknowledged that decentralized finance (DeFi) platforms allow users to earn passively by using their cryptocurrency holdings. Antonopoulos, who mainly supports developments related to the Bitcoin (BTC) protocol, argued that DeFi is one of the few ways to… Read More

June 26, 2020 @ 1:30 am By Omar Faridi  |  

Lex Sokolin, the Global Fintech Co-Head and CMO at ConsenSys, a leading Ethereum (ETH) development studio, recently noted that COMP tokens, which belong to major DeFi lending solution Compound, ballooned over 200%. As reported, decentralized finance protocol Compound saw a dramatic increase in lending dctivity… Read More

June 23, 2020 @ 5:44 pm By Omar Faridi  |  

A new type of user reward scheme to distribute the Compound governance tokens (COMP) has led to a significant increase in the amount of value locked into the leading decentralized finance (DeFi) protocol. Traders using Compound are now “farming” COMP tokens. Notably, the total value… Read More

June 21, 2020 @ 3:35 pm By Omar Faridi  |  

The global stablecoins markets recently surpassed the $11 billion mark. Many blockchain and crypto firms are beginning to realize the potential of stablecoins in facilitating many different types of transactions including cross-border or remittance payments. Tether (USDT), the blockchain-powered platform that powers the world’s largest… Read More

June 17, 2020 @ 10:25 pm By Omar Faridi  |  

Jake Chervinsky, General Counsel at Compound, an open-source, autonomous interest rate protocol, confirmed that Compound Labs achieved an important milestone “in our pursuit of progressive decentralization.” Chervinsky, a former Adjunct Professor at the Georgetown University Law Center and also former Associate at Kobre & Kim,… Read More

June 17, 2020 @ 6:30 pm By Omar Faridi  |  

We recently caught up with Li Jun, the founder of Ontology (ONT), a high-performance enterprise blockchain platform developed in 2017 with technical support from Chinese firm called OnChain, which is headed by Erik Zhang and Da HongFei, the developers of the NEO Blockchain (which was… Read More

June 16, 2020 @ 10:12 pm By Omar Faridi  |  

Decentralized VPN network, Orchid Protocol, is developing two Chainlink-powered decentralized oracle networks which will allow users to estimate the bandwidth cost on Orchid. Users will know how much they can expect to pay (approximately) in the native OXT token and US dollars. The OXT/USD feed… Read More

June 7, 2020 @ 5:53 pm By Omar Faridi  |  

The developers of Ethereum (ETH), the world’s largest smart contract platform, have been working for many years on the ongoing development of Ethereum 2.0 or Eth2, which is a major systemwide upgrade that will involve a transition from the current proof of work (PoW) consensus… Read More