DeFi

SolidProof is a security audits firm that specializes in inspecting smart contracts to enhance user trust in DeFi projects.  The German-based audit firm utilizes various time-proven tests to uncover vulnerabilities in blockchains. The experienced auditors then give a detailed report to project dev teams, enabling them to fix bugs and other vulnerabilities in their smart contract code.  SolidProof delivers custom, thorough, and transparent audit reports that categorize any identified bugs or vulnerabilities in terms of seriousness (Critical, Medium, or Low).…

Jetfuel is a decentralized finance network initially launched on the Binance Smart Chain (BSC) to provide a vast array of farming and DeFi-related passive income-earning opportunities. Generally, Jetfuel can be described as a one-stop shop for all DeFi services since it connects many services on one dashboard.  According to their white paper, their decision to pick BSC was because this blockchain is a complete match for the requirements and services they aim to provide. Jetfuel comes with three major sub…

DeFi Yield Protocol (DYP), a top yield farming protocol that allows users to provide liquidity and earn lucrative returns, has reached yet another landmark moment. On June 23, 2021, the project announced its expansion to Avalanche, an open-source platform for launching highly decentralized apps. The DeFi protocol’s move to build a platform on Avalanche will enable users to leverage DYP’s advanced trading tools. DYP users will also benefit as they will continue earning yield on their crypto assets while taking…

A new animal-based crypto project is raising excitement within the meme coin market. Orange Cat Token ($OCAT), the cat-themed coin, is currently one of the most popular and fastest-growing animal coins on offer.  In a tweet highlighting this feat, it has teased a Cat Vs. Dog war. The Dog refers to the Elon Musk-backed meme coin Dogecoin (DOGE). OCAT is looking to depose DOGE as the most preferred animal coin. $OCAT's 3000% Pump The project has a unique offering and…

According to insights by the ETHhub founder Anthony Sassano, smart contracts account for Ethereum worth $63 billion. The value follows up on the Decentralized Autonomous Organization (DAO) event, which took place in 2016 and had Ethereum worth $230 million. Ideally, smart contracts are a pioneering technology residing on a blockchain that enables parties to make agreements through a code. Unfortunately, data also shows that huge chunks of ETH withdrawals make their way into DeFi applications and smart contracts, leaving exchanges…

Yearn Finance price of leading cryptocurrency is up nearly 45% in 24 hours, and it appears to be thanks to the team’s new dog token offering a bi-directional peg to YFI. YFI attained a new high of over $78,000 around 14:30 coordinated universal time (10:30 a.m. ET) and was near $74,500 at press time. A developer formed a dog token known as Woofy. The token is swappable for YFI tokens on a million-to-1 basis. WOOFY’s exclusive obligation is to offer…

Ether prices are rising, supported by robust Decentralized Finance (DeFi) output. Considering that it didn't exist a few years ago, the overall ecosystem value rose almost 90 trillion dollars, an outstanding performance.  Maker, Aave, and Compound TVL have increased to over $10 billion, with over 17 projects having TVLs over $1 billion. ETH prices are also increasing as investors expect the most recent US inflation. In general, there are predictions that the price of supply shortages, higher commodities, and the…

Version 3.0 of Uniswap, an update that will render the automated market manufacturer far more appealing to cryptocurrency investors, is now live. The Uniswap protocol company announced version 3 in late March and has now been deployed into an Automatic Market Maker (AMM) amid an Ether crypto-bull run to all-time highs. ETH is the second-largest cryptocurrency and Ethereum's native token, where DeFi was born and is still thriving. Currently, the decentralized exchange, which got launched in Ethereum at the end…

Decentralized finance hit the crypto space as a wrecking ball in 2020. Its rippling effects still wander through the industry today. Some obscure DeFi protocols that failed to make any waves in the beginning are only now coming into the light. One of them is Value DeFi; a project stuck on bringing fairness and true value to this niche of the crypto industry. Value DeFi is not the first project looking to make decentralized finance easy enough for anyone to…