Compound’s governance token, COMP, fell below $100 early Tuesday. The DeFi token kicked off the yield farming craze way back in June.
The average cost of sending a transaction over the Ethereum blockchain has fallen by 82% from a September 2 peak of $11.61, down to $2.09 as of October 4. The decline may be the result of a slow down in the hype around decentralized finance (defi) protocols. According to data from Glassnode, ethereum (ETH) miners […]
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As decentralized finance (defi) has become more popular, digital currency proponents are making money off of more than 140 yield-bearing cryptocurrencies. While most of the defi ecosystem revolves around the Ethereum network, a number of people leverage these defi applications in order to earn more bitcoin. The following list is a few defi platforms that […]
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Oracles have played a major role in the huge growth of the DeFi ecosystem observed in 2020.
Data shows DeFi platforms and their users are rapidly increasing their use of USDC stablecoin after Curve Finance launched.
A lot has changed during the last month, as the popular decentralized finance (defi) ecosystem has swelled considerably in value. Since the first week of August, the total value locked in defi jumped over 85% in 27 days from $4.2 billion to $7.88 billion on August 30. The total value locked (TVL) in the decentralized […]
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A new yield farming project is all the rage this week, as the Yam Finance project saw over $460 million dollars locked into the platform in 17 hours on Tuesday. On social media and crypto-focused forums, people have been very skeptical of the Yam Finance project as the code has not been audited. On Wednesday […]
The post Defi Project Yam Finance Sees Over $500M Locked in 24 Hours, Devs Reveal Contract Bug appeared first on Bitcoin News.
New data shows more than 50% of DAI is locked in Compound and this raises concerns about DAI’s long term prospects.
During the last two years investment vehicles that allow crypto asset holders to gather yields have grown exponentially and anyone can make passive income with a number of avenues. Staking validators, decentralized finance (defi) lending services, and interest rate earning accounts provide digital currency holders with the means to make their money work for them. […]
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DeFi has been the name of the game since the start of the summer, but how much is the sector really growing?