Tagged: decentralized finance

February 11, 2021 @ 10:35 pm By Omar Faridi  |  

DeFi architect Andre Cronje notes that Yearn.Finance has “blazed the path for community run and developer first open collectives that acted as Badgers blueprint.” Badger is a Bitcoin-on-Ethereum yield vault initiative. As explained on its website, users are able to deposit tokenized Bitcoin in Sett… Read More

February 10, 2021 @ 8:54 pm By Omar Faridi  |  

Crypto-asset savings platform ICONFi has introduced its mobile app on Android and iOS. As confirmed in a release shared with CI, available globally, ICONFi aims to offer simple, flexible, and fixed earning products that allow investors to grow and diversify their digital asset holdings. The… Read More

February 9, 2021 @ 10:25 pm By Omar Faridi  |  

The team at Blockchain.com, a leading crypto wallet service, block explorer, and trading platform notes that Vladimir Ilyich Lenin (the Russian revolutionary who founded the Soviet Union) had said that there are “decades where nothing happens; and there are weeks where decades happen.” Blockchain.com writes… Read More

February 8, 2021 @ 9:52 am By Omar Faridi  |  

Aave (AAVE), an open-source and non-custodial protocol to earn interest on deposits and borrow assets, handled $2 billion in flash loans in 2020. Aave is basically a borrowing and lending platform that supports flash loans, which are “rapidly executed loans borrowed that are paid back… Read More

February 6, 2021 @ 3:38 pm By Omar Faridi  |  

Jeffrey Amico, Counsel at VC firm Andreessen Horowitz, notes that cryptocurrency protocols are supposed to be governed by these so-called “decentralized” communities of stakeholders. Amico explains that it’s not necessarily the case that decentralized communities are more efficient, or “important” for various ideological reasons, but… Read More

February 6, 2021 @ 2:37 pm By Omar Faridi  |  

On Thursday (February 4, 2021), an unknown entity reportedly stole $2.8 million from a shared digital or online vault via the investment platform Yearn.Finance. The hacker(s) exploited the vault using Aave, a decentralized finance (DeFi) platform that lets investors make flash loans. These DeFi solutions… Read More

February 5, 2021 @ 8:07 am By Omar Faridi  |  

  Garrick Hileman, Head of Research at Blockchain.com and visiting fellow at the London School of Economics, says that the future “doesn’t look like Robinhood.” Hileman writes in a blog post that “disgust over GameStop’s trading shutdown” will most likely accelerate the adoption of decentralized… Read More

February 4, 2021 @ 5:34 pm By Omar Faridi  |  

Digital asset exchange Coinbase recently published its Around the Block #11: “A snapshot of decentralized finance (DeFi) and two sides of the crypto regulatory spectrum” (report), which aims to cover important issues in the crypto and blockchain industry. In this latest edition, released on February… Read More

February 2, 2021 @ 10:54 pm By Omar Faridi  |  

Decentralized Oracle network developer Chainlink (LINK) has joined the UNESCO Global Education Coalition in order to advance or promote smart contract education internationally. Chainlink confirmed on January 29, 2021 that it has now joined the United Nations Educational, Scientific, and Cultural Organization (UNESCO) Global Education… Read More

January 31, 2021 @ 2:22 pm By Omar Faridi  |  

Alchemy Pay has introduced a $500,000 Payment Ecosystem Incentive Fund in order to accelerate development in the blockchain-focused payments sector. Alchemy Pay, which claims to be a pioneer of the world’s first hybrid fiat and crypto payment system, notes that the digital currency space has… Read More

January 27, 2021 @ 9:20 pm By Omar Faridi  |  

The developers of Injective Protocol, a digital assets derivatives exchange for DeFi that has been supported by Binance and Pantera Capital, have teamed up with AllianceBlock to introduce “decentralized” oil and gas futures. The Injective team explains that in the traditional finance sector, oil and… Read More

January 24, 2021 @ 9:41 am By Omar Faridi  |  

Digital currency exchange Coinbase has reportedly managed to grow its total assets to $90 billion. Meanwhile, Coinbase Custody AUC represented over half or 50% of this total. San Francisco-based Coinbase now claims more than 43 million verified users. The exchange reportedly executed single trades surpassing… Read More

January 23, 2021 @ 1:20 pm By Omar Faridi  |  

Decentralized Oracle network developer Chainlink (LINK) has announced that Vulcan Link received a grant to integrate Chainlink on the SKALE Network, which is a “fully” decentralized Ethereum compatible Layer-2 (proof-of-stake) PoS network that claims to offer all benefits of decentralization and speed alongside the security… Read More

January 22, 2021 @ 5:28 pm By Omar Faridi  |  

YIELD App is getting ready to expand its decentralized finance (DeFi) banking solution to Avalanche. According to a blog post published on January 22, 2021 by Ava Labs, which supports the ongoing development of Avalanche, a distributed ledger technology (DLT)-focused platform and project, this new… Read More

January 21, 2021 @ 8:35 pm By Omar Faridi  |  

The team at Kraken, a leading US-based digital asset exchange, notes that cryptocurrency prices have been soaring, and related innovation is “breaking ground,” while key opportunities are flourishing. According to Kraken, crypto adoption is “relentless.” The Kraken team writes that as they begin a new… Read More

January 17, 2021 @ 3:31 pm By Omar Faridi  |  

IOHK (or Input Output Hong Kong), an organization focused on supporting open-source projects such as Cardano (ADA), a major platform for building decentralized applications (dApps), has announced the first winning proposals for Project Catalyst. The community has spoken and 11 initiatives are now expected to… Read More

January 13, 2021 @ 7:48 pm By Omar Faridi  |  

The developers of Injective Protocol, a digital assets derivatives exchange for DeFi that has been supported by Binance and Pantera Capital, has launched what it claims to be “the world’s first decentralized Tesla Stock Futures Trading.” The Injective Protocol team stated that they’re pleased to… Read More

January 12, 2021 @ 3:18 pm By Omar Faridi  |  

The team at Huobi Global, a leading digital asset firm, recently revealed that they’re proud to  confirm that Chainlink (LINK) will be “natively integrated” into Huobi ECO-Chain (Heco) as the “recommended” Oracle solution for all blockchain and smart contract apps launching on Huobi’s distributed ledger… Read More

January 11, 2021 @ 9:05 pm By Omar Faridi  |  

The developers at Fuse.io, a Tel Aviv based Fintech firm that aims to leverage (decentralized finance) DeFi infrastructure to create a platform for entrepreneurs that allows them to turn “communities into economies,” have introduced FuseSwap’s new analytics section. The updated section features a user-friendly or… Read More

January 11, 2021 @ 1:30 pm By Omar Faridi  |  

The Kava decentralized finance (DeFi) platform is “coming out the gates swinging” in 2021 with a “feature-packed” product roadmap – which includes two new native apps and crypto tokens, “decentralized bridges” to onboard major cross-chain digital assets, and several other features to “reinforce the safety… Read More