Defi Market Surpasses $1 Billion – But There’s a Catch

Defi Market Surpasses $1 Billion – But There’s a CatchThe total value locked (TVL) in decentralized finance applications has surpassed $1 billion, prompting celebrations from the Ethereum community. Not everyone has been swift to toast the milestone, however, with suggestions that the true value locked into defi protocols is materially lower. Meanwhile, creeping competition from centralized lenders shows that defi will have to innovate […]

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Decentralized Finance Is Blossoming, But Just How Decentralized Is Defi?

Decentralized Finance Is Blossoming, But Just How Decentralized Is Defi?The defi market has hit an all-time high as the total value locked up in decentralized finance has surged past $850 million. A flurry of new applications, privacy proposals, wallets, DEXs, and protocols is extending the limits of what defi is capable of. This jubilation should be countered with a healthy dose of caution, however, […]

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Maker’s Stability Fee Drops to 5.5% After Multi-Collateral Dai Announcement

Maker's Stability Fee Drops to 5.5% After Multi-Collateral Dai AnnouncementAccording to the CEO of the Maker Foundation, Rune Christensen, Multi-Collateral Dai (MCD) will launch on November 18. On October 28, Maker’s stability fee was reduced by a ‘whale’ with roughly 94% of the voting power. Also Read: French Ministry of Education Publishes Bitcoin Resource Guide for Educators Maker’s Multi-Collateral Dai Will Launch November 18 […]

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Ethereum’s Wrapped Bitcoin Set to Eclipse Lightning Network Capacity

Ethereum's Wrapped Bitcoin Set to Eclipse the Lightning Network's CapacitySince the project launched a little over six months ago, Wrapped Bitcoin (WBTC) has roughly $5.9 million or 558 BTC locked into the system. At the rate WBTC’s token contract is climbing, the project is close to surpassing the Lightning Network’s capacity in the near future. Also read: The ”Wrapped Bitcoin” Project Has Now Officially […]

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