DeFi

Project Fire Salamander is LCX developers’ answer to a growing community of disgruntled Uniswap users. These users aren't mad because Uniswap functions incorrectly. The platform conducts its primary services flawlessly. What has these investors up-in-arms is the lack of many of the most basic trading functionalities found on more extensive centralized exchanges. Project Fire Salamander eliminates these issues through the integration of proprietary technologies and some good old fashioned creativity. Project Fire Salamander is a layer-two solution that exists atop…

In the world of DeFi, market-making is a critical component of growth. Without it, there is no new development. However, the current forms of generating liquidity are inefficient. Liquidity mining is the market's solution to this problem. Specifically, liquidity mining creates a community-based, data-driven system to generate liquidity in the market. Miners receive rewards for providing liquidity to the sector. The process requires depositing or lending designated blockchain assets. These systems employ a mining mechanism to provide liquidity for a…

Few other financial sectors relish a prosperous period as the Decentralized Finance (DeFi) market enjoys nowadays. With assets that trade for four times as much as Bitcoin and more than $13.5 billion in the DeFi market cap, the DeFi services are some of the most sought crypto investors' assets in 2020. Still, not everything is rosy when it comes to DeFi. Something lacks the ideal venture recipe, which Decentralized Finance doesn't quite seem to know how to prepare yet. The…

The DeFi ecosystem is rapidly evolving and spurring new and fascinating projects that the cryptocurrency space did not even imagine a few years ago. The Universal Market Access or UMA is among them and one of the most innovative financial instruments deriving from blockchain technology. If you have ever wanted to invest in any asset on any market in the world, UMA might be the solution for you. This beginner’s guide to UMA should help you understand better one of…

If you are a cryptocurrency enthusiast, you must have come across DeFi, space's current pet subject. As of 03 September 2023, it had locked assets with a total value of over $38.5 billion. It grew exponentially from an initial $677 million in early January 2020. But what is DeFi? How does it compare to traditional financial systems? Significantly, where can it find practical usage? This article will attempt to answer these questions. First, though, let us look at how it…

Monolith is a complete DeFi ecosystem that seeks to correct some of the most pressing issues facing the current banking system. This unique platform provides users with a host of functionalities not found anywhere else in the market. Consequently, Monolith continues to experience growing adoption. Monolith allows users to swap, spend, earn interest via an easy to navigate interface.  Notably, users can enjoy these services anywhere, globally. It would help if you had an internet connection and a smartphone. In this…

Traditional currency and banking systems feature several downsides as far as transacting is concerned. Cryptocurrencies present a decentralized alternative to deal with issues surrounding the two options. The introduction of DeFi was a step further in pushing the mass adoption of blockchain technology and digital currencies.  DeFi lending is on the same track, trying to bridge the void between traditional banking and all users globally without intermediaries. Now, lenders and investors can deposit, loan out, or borrow currencies in or…

DeFiChain is a fourth-generation blockchain platform that enables fast, intelligent, and transparent, decentralized financial applications. This game-changing platform provides users seamless access to decentralized financial services through an easy-to-navigate interface. In this way, DeFiChain can provide what the competition cannot - a reliable alternative form of financial services built on top of Bitcoin's blockchain. How DeFiChain Works The DeFiChain platform approaches decentralized finance in a unique manner that enables some truly amazing functionality. Unlike most major DeFi projects at this…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $368 billion. Bitcoin loses 4% over the week as a result of increasing sales. Ethereum loses more than 6% throughout the week but recovers slightly on the weekend. XRP gets back over $0.27 on the weekend after losing 10% during the week There is no stopping for the DeFi craze, which now has reached…