DeFi

DeFi lending company TrueFi has issued a notice of default to South Korea-based Blockwater Technologies over the latter’s failure to repay an unsecured loan of $3.4 million. The notice was issued on 6 October, although TrueFi did not make that information public until today. The 3.4 million BUSD loan was originally granted on 7 MayContinue reading “Crypto-lender TrueFi issues default notice to Blockwater over $3.4M loan”

The ApeCoin community is at the centre of several proposals right now. These proposals cover different aspects, each of which has divided holders’ opinions. In fact, all three proposals are currently underway with no conclusive decisions made yet on any of them. Even so, these updates seem to have had a massive impact on APE’sContinue reading “APE goes bananas with new double-digit hike on the back of…”

Polkadot is experiencing what we call a shake-up after mixed emotions surfaced on the network. Despite recent growth on the network, its development activity has slowed down of late. In fact, according to data analytics platform Santiment, Polkadot has been seeing a reverse trend in development activity over the last few days. Polkadot had aContinue reading “Polkadot [DOT] investors should be aware of these updates before pulling out”

Optimism’s OP was not left behind as the rest of the market registered double-digit price upticks over the past week. In fact, according to CoinMarketCap, the price of the Layer 2 (L2) token rallied by 16% over the last seven days.  Designed as an optimistic rollup network to enhance the scalability of the Ethereum Chain,Continue reading “Should Optimism [OP] holders rejoice with Ethereum’s Merge coming up”

Automated liquidity protocol Uniswap [UNI] steered its way to where it was two weeks back, despite many of its counterparts recording good gains. Despite making huge waves a week ago, it was surprising to see UNI’s price at the exact zone it was during the crypto-market’s capitulation.  At press time, UNI was trading at $6.54.Continue reading “How Uniswap [UNI] landed at this same spot is no mystery – Here’s the catch”

If you bought ATOM at or near its bottom in June and are still holding the bag, then you should be pleased with your decision. In fact, the cryptocurrency has maintained an overall bullish trajectory ever since it pivoted after a major crash earlier this year. ATOM has been trading within an ascending range andContinue reading “Rally or not, ‘oversold’ ATOM’s upside is at the risk of the following”

DappRadar, in a new report, found that the overall total value locked (TVL) within the decentralized finance ecosystem (DeFi) declined by 10.47% in August. The total TVL now stood at $58.4 billion.  According to the data from DefiLlama, DeFi TVL sat at $250 billion less than eight months ago. With only $58.4 billion, total TVLContinue reading “DeFi TVL drops by 10% in August; Ethereum leads with most losses”

Platypus, a leading stableswap on Avalanche, is going to introduce the ecosystem’s first voting gauges. This will allow vePTP token owners to vote on where emissions will be directed, while also collecting additional rewards. In fact, Avalanche claims that, “In our current DeFi landscape, where yield drives TVL & liquidity, this voting power is veryContinue reading “A new ‘ATH’ for Avalanche and the effect that has on AVAX’s performance is…”

AAVE has so far maintained a healthy lead as the top DeFi borrowing and lending protocol by market cap. But does it still maintain its position now that more competition is flowing into the segment? Well, AAVE currently holds the top spot as the largest decentralized lending and borrowing market by market cap. It hasContinue reading “Is AAVE set to maintain its lead in DeFi race of the future”