Tagged: DeFi

February 15, 2020 @ 10:21 am By Omar Faridi  |  

bZX, a leading Ethereum-based decentralized finance (DeFi) lending protocol has reportedly been exploited. Although the exact amount of Ether (ETH) lost due to the exploit has not been confirmed, Kyle Kristner, co-founder at bZx, says “a portion of ETH [was] lost.” As reported by The… Read More

February 8, 2020 @ 5:33 pm By Omar Faridi  |  

The developers of Compound, a decentralized Ethereum-based lending protocol that forms part of the nearly $1 billion (at current valuations) DeFi ecosystem, had commissioned a stress test, which now reveals that the platform will be able to scale its total borrowed ETH value by 10x… Read More

February 7, 2020 @ 8:15 am By Omar Faridi  |  

Nearly $1 billion is now locked up into the evolving decentralized finance (DeFi) ecosystem, according to data site DeFi Pulse. The site tracks major Ethereum-based lending protocols including Maker, a projected managed by the Maker Foundation, a non-profit organization that supports the MakerDAO initiative, which… Read More

December 17, 2019 @ 5:21 pm By JD Alois  |  

As the end of the year closes, Crowdfund Insider receives a good number of comments on past events as well as future expectations. Earlier this week, CI received a comment from Charles Lu, CEO of Findora, a confidential network protocol for financial services like online… Read More

December 16, 2019 @ 10:30 pm By Omar Faridi  |  

Jack O’Holleran, CEO and co-founder at SKALE Labs, a company that’s developing solutions to improve blockchain consensus mechanisms, recently shared his views and insights with Crowdfund Insider. According to SKALE’s management, decentralized platforms must have greater throughput and lower transaction costs to satisfy the requirements… Read More

November 16, 2019 @ 9:09 am By Omar Faridi  |  

Brian Kerr, co-founder and CEO at San Francisco-based Kava Labs, a venture-backed firm working on improving payments systems by leveraging blockchain technology, recently shared his views and insights with Crowdfund Insider. Kerr, a business administration and marketing graduate from San Francisco State University,  explained how… Read More

September 28, 2019 @ 1:53 pm By Omar Faridi  |  

San Francisco-based Fintech firm Ripple is reportedly planning to develop decentralized finance (DeFi) products based on XRP, the world’s third-largest digital currency by market capitalization. Ripple has acquired the Logos Network, a decentralized payments platform. The American Fintech’s investment arm, Xpring, is planning to hire… Read More

September 27, 2019 @ 2:36 am By Omar Faridi  |  

Sam Kazemian, an Iranian-American software engineer who is a co-founder of Everipedia, a for-profit wiki-based online encyclopedia, and founder of Frax (Decentral Bank), a new stablecoin which will be a decentralized currency pegged 1-to-1 to the US dollar.  Kazemian recently shared his views and insights… Read More