DeFi

Decentralized Finance (DeFi) is the latest rage for 2020. You may call it the flavor of the year on the crypto market and in financial investment in general, if you will. DeFi projects are skyrocketing in value from zero to hundreds of millions in just a few weeks. New tokens become prized assets soon after the launch. Everyone wants a piece of the pie, and if you’re late for dinner, there might not even be any crumbs left to settle…

The year 2020 will certainly be remembered for numerous events, with the world going “viral,” being just one of them. However, this year will go down in history for the cryptocurrency sector when Decentralized Finance (DeFi) protocols exploded. One of the most impressive things about DeFi is that reliable projects spur overnight. In just a few months, they become global ecosystems backed by large communities that pour in millions of dollars. One such success story (at least so far) is…

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 $362 billion. Bitcoin did a false jump over the $12k hedge only to drop right back to $11,600 Ethereum loses momentum and drops below $400 XRP started the week trading around $0.32 but finished slightly above $0.28 The DeFi boom attracts more attention to the crypto market as Google searches for cryptocurrency reach a…

Every crypto user, including the beginner, has met with the word DeFi, an acronym for Decentralized Finance. DeFi consists of an ecosystem of Financial applications developed on top of blockchains. In addition, DeFi introduces the investors' aspect, making returns on the value of their assets through yield farming markets. Yield farming, also known as liquidity mining, is where crypto holders lend cryptocurrencies and get fees and interest as returns. For example, yield farming imposes a similar principle when an individual…

As the decentralized economy expands, developers seek new and exciting ways to unlock liquidity in the blockchain sector. Among these new concepts, the pToken strategy has proven superior technology. pTokens are a type of Ethereum token representing a 1:1 peg with another blockchain asset. Importantly, the "p" in pTokens is provable, portable, and pegged. pTokens are pegged on a 1:1 basis to their underlying digital asset. This enables user access to cross-chain markets without the need to trade their token…

Blockchain technology has brought numerous innovations, one of them being Decentralized Finance (DeFi). DeFi platforms are the next generation of financial primitives to transform "traditional" financial services such as borrowing, trading, lending, payments, and investing. These platforms employ open-source software and composable frameworks, i.e., smart contracts to offer financial services with no border limitations and in a trustless and transparent manner with no intermediaries present.  DeFi was the hottest topic in the blockchain space in 2020. Today, over 200o DeFi platforms…

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 $334 billion. Bitcoin increases by more than 17% to reach $12,100 before losing $1,000 on Sunday. Ethereum gets a spectacular boost of 26% to climb over $400 XRP regains its position on the market cap podium after a remarkable 30% surge The newly-released DeFi token YFI becomes the second-most expensive crypto. Crypto Trends 27th…

Blockchain technology brought about several new developments, among them, decentralized finance. Although blockchain has continuously thrived in different sectors, its use in finance and DeFi is quite impressive. Thanks to DeFi ecosystems, there are now more decentralized networks and peer-to-peer networks to solve financial banking issues, borrowing and lending, and advanced financial instruments.  Despite the notable success of these ecosystems, DeFi is still in its infancy. Therefore, the ecosystems are often plagued with certain risks that hinder their progress. What…

The DeFi space of Ethereum has gone parabolic over the past few weeks. Cryptocurrencies locked in DeFi applications are now worth $1.65 billion, representing a 65 percent increase from the value on June 17. At the same time, there is an upsurge in the number of people using applications such as Compound, Maker, and Synthetix. However, the growth of decentralized finance may be temporarily slowed down by an alleged hack that took place some hours ago. On June 28, reports had…