DeFi

DeFi

Merkado

First Mover: As Central Banks Print $1.4B an Hour, Bitcoiners Bet on Federal Reserve 'Capture'

Though no fresh stimulus is expected this week from the Fed, bitcoiners betting on money printing could just wait for the next sell-off in U.S stocks.

Dollars. (Unsplash, modified by CoinDesk)

Merkado

DeFi Lender bZx Loses $8M in Third Attack This Year

An attacker found a way to mint unbacked iTokens that they could then redeem against other cryptos held in lending pools for DeFi lender bZx.

(Shutterstock)

Merkado

Uniswap Takes Lead Over SushiSwap Less Than 24 Hours After SUSHI Rewards Drop

Shortly after SushiSwap's block rewards fell from 1,000 SUSHI tokens to 100, total value locked has fallen behind rival Uniswap.

(M!1k¥ D43M*N/Unsplash)

Merkado

What to Watch for as SushiSwap Cuts Block Rewards From 1,000 to 100 SUSHI

SushiSwap will distribute 90% less $SUSHI to its liquidity providers as it did before – and it's anyone's guess whether the piles of crypto locked in will stay.

markus-spiske-htVYjGltyiU-unsplash

Tech

SushiSwap's Users Ordered Changes, but the Protocol Can't Deliver Without an Overhaul

Another SushiSwap smart contract migration may be on the menu if newly voted-for policy proposals are going to be implemented.

(Artem Kniaz/Getty Images)

Tech

'No Other Option but More Collateral': The Short- (and Long-) Term Fixes for Dai’s Broken Peg

Stablecoin demand in yield farming is breaking dai's peg. Solutions revolve around USDC and Maker's version of QE, but will these measures last?

MakerDAO founder Rune Christensen

Tech

'I F**ked Up': SushiSwap Creator Chef Nomi Returns $14M Dev Fund

SushiSwap creator "Chef Nomi" has returned all $14 million in ether, apologizing to the DeFi project's community for suddenly liquidating his holdings.

(Free To Use Sounds/Unsplash)

Merkado

Crypto.com Follows Binance With Launch of Liquid Swap DeFi Product

Crypto.com's new Defi Swap product will provide yet another platform on which users can token swap and yield farm.

Kris Marszalek, CEO of Crypto.com

Merkado

First Mover: Ethereum Gets Unplanned Stress Test as DeFi Fever Grows

The Ethereum blockchain's soaring gas prices don't seem to have deterred customers as DeFi usage grows and tests what the market can bear.

DeFi is pushing up usage and fees on Ethereum, and the blockchain network so far is passing the stress test. (Flickr Creative Commons, modified by CoinDesk)

Merkado

Coinbase Effect Hits DeFi as yEarn's YFI Token Surges 10% on Pro Listing News

The already highly priced YFI governance token for yEarn.Finance has jumped an additional $6,000 on the news it'll be listed on Coinbase Pro.

YFI token shot up when Coinbase announced its listing plans. (CoinGecko)