defi

The Aave Money Market DeFi protocol is now about to be more decentralized than ever. In an announcement published on its official blog on 25th September 2020, the team reported on the successful launch of the Aave Governance on the mainnet. This means that users of the protocol will now be able to vote on...Read More

With defi frenzy coming to palpable levels, all seemed well until a new project by Andre Cronje went awry. This has resulted in a loss of $15 million in funds, out of which $8 million was sent to Cronje’s yearn deployer account as a “sorry” note. Eminence is/was an unfinished game with an in-game economy...Read More

Validator participation in Ethereum 2.0’s Medalla testnet is on the rise. And with the growing number of them, the number of staked test ETH is about to close in on a new high of Almost two million test ETH tokens, that are now staked on Medalla. This comes amid the launch of the Optimism Layer...Read More

When it comes to cryptocurrency adoption, the past year has been dominated by the fact that institutional investors are now pouring into the digital asset market. In light of growing regulatory clarity and products like those offered by Grayscale that make traditional investors feel right at home when dealing with crypto, the last 12 months...Read More

Over the past ten years, crypto-exchanges have emerged to become extremely crucial, not just with regard to adoption levels, but also when it comes to directing the overall growth of the industry. The previous year saw a lot of interest in greater levels of decentralization, an interest that contributed to the DeFi boom and renewed...Read More

Let’s talk about the elephant in the room. Decentralized Finance has been all the rage for the past few months, and its tokens’ prices are a testament to the excitement. But while the objective of decentralized finance is a financial world which is without a centralized authority, one administered through efficient and seamless smart contracts...Read More

DeFi is the latest hype machine in the crypto-market. It has evolved from simply earning interest by locking crypto to Governance tokens and being able to trade these derivatives. As of 01 January 2020, the total value locked [TVL] in DeFi was just around $675 million. However, as DeFi, governance tokens, and yield farming mania...Read More

Uniswap made a shrewd move by airdropping millions of tokens and launching its own liquidity pools to reclaim what SushiSwap had taken from it in just over two weeks. It has propelled the platform back to the most dominant DEX as total value locked approached $2 billion while that on rival SushiSwap has dwindled. Uniswap...Read More

Around four months ago the crypto winds started blowing towards defi. The total value locked up in defi-related protocols increased from about $1 billion to $10 billion. Although a lot of this hype began after Compound’s Comp token, there was a new bubble – it was the governance protocol/token bubble. Source: Defipulse Defi aka decentralized...Read More

Airdrops have apparently become the next big thing in DeFi as means of “fair” distribution of tokens of fresh projects. The first one to really catch the attention of the masses was Uniswap with their UNI governance token. Everyone who used the platform received a minimum of 400 UNI tokens. At the time, many people...Read More

Despite the growing DeFi craze in the past few months, a recent survey compiled by CoinGecko revealed that just 23% participate actively in some form of yield farming. However, many of the farmers answered that they don’t know how to read smart contracts but were enjoying high ROIs. Yield Farming Is A Growing Trend This...Read More

Ethereum addresses holding more 1,000 ETH have leaked out to a number last seen almost 2 years ago. In 2017, there were approximately 7,200 addresses holding more than 1,000 ETH, however, this was during thebull run and this metric was hitting new highs. Considering the current situation this might seem like a disconcerting issue on...Read More

​APY.Finance​ (APY), an automated yield farming platform raised $3.6 million in funding according to a release shared with AMBCrypto today.  The funding announcement has come in after APY.Finance CEO, Will Shahda introduced the self-proclaimed ‘wealthfront for DeFi’ in a blog last month, that also mentioned its alpha launch in mid-October. Continuing from the last announcement, though,...Read More

The majority of recent DeFi food flavored tokens have been backed by very little, and consequently end up as just pump and dump schemes. Today’s DeFi flavor is pineapple and the protocol is doing something a little different by enabling farmers to mine non-fungible tokens (NFTs) for crypto collectibles. Non‑fungible tokens are a special type...Read More

Have you heard about Yearn Finance’s YFI token? It acts as a governance token for its decentralized finance platform. It broke Bitcoin’s record of the all-time high in terms of USD prices. The YFI token attained highs of over $38,000 in August and even peaked above $43,000 in mid-September 2020. Do you know what’s the...Read More