DeFi

DeFi

Markets

Tether's Supply on Compound Jumps to Over $224M in a Week

Tether's volume on decentralized lender Compound has quadrupled to over $224 million in just a few days, and is by far the dominant stablecoin on the platform.

(A. J. Gallant/Shutterstock)

Markets

Blockchain Bites: COMP x2, Reddit Scales and Factom Goes Bankrupt

The COMP governance token is seeing massive gains and potential listings on Coinbase Pro and CoinFlip, while Reddit looks to scale its Ethereum-based project.

(Frank Busch/Unsplash)

Tech

OpenZeppelin Discloses 'High Severity Vulnerability' in DeFi Wallet Argent

A “high severity vulnerability” was found and patched in Ethereum wallet Argent, according to leading white-hat hackers OpenZeppelin.

CoinDesk placeholder image

Markets

First Mover: Compound's COMP Token More Than Doubles in Price Amid DeFi Mania

Compound's new COMP token is only five days old but its price is soaring. Observers tie the rally to speculation over the future growth of decentralized finance.

generic price chart

Markets

ParaFi Invests in Kyber Network as Buzz Grows Around DeFi Projects

ParaFi Capital, an investment firm focused on blockchain and DeFi, has invested in Kyber Network and will work with the project on adoption and governance.

Kyber Network CEO Loi Luu

Markets

Market Wrap: Bitcoin Quiet at $9.3K While DeFi Gets Loud

Most markets are quiet while activity seems to be increasing on Ethereum’s DeFi network - which could help explain ether’s outperformance of bitcoin in 2020.

Source: CoinDesk Price Index

Finance

FTX Releases COMP Derivatives to Keep Up With DeFi Frenzy

Crypto exchange FTX is launching COMP derivatives later Thursday as deposits on the Compound DeFi platform soar past $300 million.

Sharks

Markets

Delta Exchange Launches Crypto Interest Rate Swaps

Traders may now be able to hedge the risks they face from interest rate payment fluctuations in perpetual contracts.

(xpixel/Shutterstock)

Tech

A Coinbase Pro Listing and Other Eye-Opening Data Points on Compound’s Surge in Demand

It's hard to pick just one stunning fact about the market suddenly created by the issuance of Compound's COMP token.

Roller coaster. (Shutterstock)

Tech

Polkadot Is Latest Blockchain to Explore Redeemable Bitcoin Tokens

It's only a proof-of-concept at this point, but there's now a model for locking BTC on the Bitcoin blockchain and minting PolkaBTC on Polkadot.

The polkadot-themed artwork of Yayoi Kusama.