DeFi

Decentralized chains predominantly need two things – Security and scalability. Those are requirements that are almost industry clichés now. But, they are also aspects that have accelerated growth in the crypto-ecosystem after the birth of the first-born cryptocurrency – Bitcoin. Owing to limitations like congestion on Layer 1 chains, Layers 2 and 3 functionalities quicklyContinue reading “Assessing how different layers are competing AND complementing Bitcoin, Ethereum”

Solana has been tough competition in the DeFi space, but Avalanche is looking to take it on soon. Previously, it only had Terra as a competitor since it was still far away from overtaking Solana. Interestingly, Avalanche might do that if it manages to maintain its growth on the charts. Avalanche in Decentralized Finance Curiously,Continue reading “Avalanche dethrones Terra, but here’s what may be next”

Badger DAO, a Bitcoin-focused DeFi platform, has been allegedly exploited. The platform tweeted earlier today that it received reports of “unauthorized withdrawals of user funds.” It stated, “Our investigation is ongoing and we will release further information as soon as possible.” Meanwhile, Badger confirmed that the engineers have halted all smart contracts to prevent furtherContinue reading “Badger DAO suffers DeFi exploit, receives reports of ‘unauthorized withdrawals of user funds’”

Elrond, unlike most of the market’s altcoins, has actually had a great November. However, only as far as network growth is concerned. Its expansion into the DeFi sector has proven to be rather fruitful as the Maiar DEX made several records for Elrond. In fact, the network might soon emerge to be significant competition. ElrondContinue reading “Here’s where Elrond stands in the DeFi space at the moment”

DEX aggregator 1inch Network closed a $175 million Series B round of funding, as per reports. With that, the liquidity sourcing business is now valued at a massive $2.25 billion. Hong Kong-based Amber Group reportedly led the round, along with 50 more participants including the likes of VanEck and Celsius. The DeFi industry with aContinue reading “DEX aggregator 1inch closes $175 million funding round, wants to ‘open doors to DeFi’”

SushiSwap is maintaining its position as the tenth biggest DeFi protocol by the skin of its teeth. The more important issue though, is the fact that the protocol’s investors are observing constant losses and now they are reacting as per expectations. The expensive SUSHI SUSHI started out strong at the beginning of November but that motionContinue reading “A recovery rally for Sushiswap is contingent upon these turn of events”

While Tether [USDT] and USD Coin [USDC] are thought to be the go-to stablecoins in the crypto ecosystem, another coin wants to get to the top. On 30 November, the official account for TerraUSD [UST] tweeted about a proposal to amp up the stablecoin’s liquidity on Ethereum, using a six month long plan. In theContinue reading “Stablecoins: Terra(UST) reveals liquidity plans; USD Coin(USDC), Tether(USDT) have a lot going on”

The age of DeFi is here. This sector of the cryptocurrency industry is raking in huge investments from all parts of the financial market while existing in a constantly evolving ecosystem. This, unarguably, has taken a toll on some networks struggling to keep up with the pace of development while others are looking at itContinue reading “Cardano’s Hoskinson: ‘Winners of the future in the DeFi space are going to…’”

Security-enhanced privacy and personal monetary sovereignty are some of the major advantages that have seen decentralized exchanges (DEXs) rocket in popularity in recent history. Unfortunately, DEX use comes with its own set of security risks. dYdX in the fray Today, decentralized crypto-exchange dYdX is trending, although not exactly for the right reasons. It is aContinue reading “Ethereum-based dYdX saved from $2M security breach thanks to White Hat’s heroics”