DeFi

Harvest Finance is a DeFi protocol that aims to help yield farmers obtain the highest APY possible by doing nearly all the farming for them. The DeFi space is expanding like greased lightning and spewing new, leading-edge protocols every day. It isn't easy to keep pace with the progress, even for those in it since the early days of decentralized finance. So, it is understandable why newcomers are scratching their heads about yield farming, harvesting, gas costs, and APY tracking.…

SwapDEX is a next-gen DeFi and token exchange ecosystem. The platform is unique in the market due to its dual exchange approach and its wide selection of investor tools. The developers behind the SwapDEX concept managed to combine the best aspects from DEXs with the profitability of DeFi. Consequently, this network features various financial products to enable the trading of cryptocurrencies and ERC-20 tokens. Impressively, SwapDEX users get benefits from loans, interest, borrowing, staking, and leverage trading. Benefits of SwapDEX…

Less than 24 hours after news broke, that decentralized finance (DeFi) platform Yearn Finance (YFI) had partnered with Cream Finance protocol. It has announced a new merger with DeFi protocol Cover. In a blog post published on Nov 28. Yearn founder Andre Cronje revealed the merger between the two DeFi protocols. He further stated that the merger was a natural one since Yearn developers worked with Cover protocol developers since its inception. Cover will provide backstop coverage for Yearn DeFi…

The current bullish sentiments in the crypto market have been the major talking point in recent weeks. Bitcoin pump has caused a ripple effect in the crypto market, which has extended to decentralized finance (DeFi). Total Locked In Value hits $14billion The Total Locked in Value in the DeFi sector surpassed $14 billion over the weekend. According to DeFi Pulse, the total TVL hit a record high of $14.3 billion in today's early hours. At the moment, the value has…

Catex seeks to raise the bar in terms of usability and functionality. This platform has always been an innovator in the sector. For example, Catex first entered the market, pioneering transaction mining protocols. While the exchange no longer offers these services, they now focus on new features to give users an edge. What is Catex? Catex is what's known as a hybrid exchange. The platform developers borrow some of the best aspects from decentralized exchanges to give users more flexibility.…

Defi platforms have, in the past few months, been seeing drops in prices, and the episode has been growing for some time. Some media's token prices plummeted by half, and the decline is continuous every day; others partly lost their customer base.  In some instances, in just one day, Defi's growth showed a massive decline. Uniswap just recently lost over $1.5B (TVL) in just 24h. Another report showed that the general Dex market's trading volumes dropped from 8 billion US dollars…

The total value locked in the DeFi economy has surpassed $38 billion. These are insane numbers for an industry that is still in its infancy. However, the value is perpetually growing as more folks continue to invest in the DeFi projects. Centralized digital financing is prone to manipulation and control by any entity that claims ownership of a currency. DeFi projects help eradicate the need for elements critical in traditional finance systems. These elements include brokerages and exchanges executed by banking…

Bitcoin is currently the largest and the most trusted digital currency, garnering a market capitalization of over 325 billion US dollars. Various billionaires and celebrities have endorsed bitcoin in the past, showering it with the praises of being a dependable investment prospect. The coin is mostly common for its volatile nature, which creates opportunities for investors to earn supernormal amounts over time. Its price has also plunged every end of the year in the past few years.  But what causes…

Decentralized finance (DeFi) platform Uniswap has experienced liquidation of enormous proportion in the last 24 hours. This comes after the protocol stopped providing rewards for liquidity providers, and rival protocol SushiSwap looks poised to take over. Uniswap loses $1.5 billion in Liquidity According to DeFi Pulse data, the drop in liquidity has been particularly sharp for UniSwap in recent days. On November 14, the project still boasted around $3 billion in total value locked (TVL), a DeFi record. However, these…