Cryptocurrency News DeFi

Founder of Compound votes against using wrapped Bitcoin as collateral, deems WBTC “risky”

Robert Leshner, the founder of Compound, has voted against the latest proposal to increase the WBTC collateral factor on the platform from 0 to 65 percent. Leshner defended his decision by saying collateral in WBTC was currently too risky due to low liquidity and a high possibility of a technical flaw that could wipe out Read more…

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Cryptocurrency News DeFi Ethereum

Ethereum DeFi: Aave Google Searches Explode, But Not For Why You Think

The sudden rise of decentralized finance (DeFi) applications in 2020 has rearranged the cryptocurrency landscape. In a little over two years, a combined sum of $2 billion has made its way into various DeFi protocols, while giving birth to the “yield mining” meme in the meantime. With this in mind, it perhaps shouldn’t be a Read more…

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$1.77 Billion TVL: DeFi Markets Hit All-Time High With as Yield Farming Flourishes

Decentralized finance markets have reached their highest ever levels in terms of the total amount of crypto collateral locked in smart contracts across the nascent ecosystem. DeFi: The Quickest Growing Sector in Crypto The recent liquidity farming craze has catalyzed DeFi markets so much that they have now become the quickest growing sector in the Read more…

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Cryptocurrency News DeFi Exclusive Guest Post Guide

Yield farming with idle stablecoins and cryptocurrency

In the crypto space, there are people who prefer hodling and people who prefer trading on a regular basis – just like any other asset class. No matter which type of investor you are, you probably have idle stablecoins and cryptocurrency lying around – not generating passive income for you. There are several defi solutions Read more…

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Cryptocurrency News DeFi

Ethereum co-founder rings caution bell on DeFi surge; critics reminded of ICO boom

Decentralized Finance (DeFi) applications are becoming what ICOs were in 2017-18 and what stablecoins were in 2019. The advent of venture funds, increased social sentiment, and promises of world-changing technology are a “been there, done that” narrative in cryptocurrencies. This time, it’s DeFi applications with their huge chest-thumping — with some projects even promising 100 Read more…

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Cryptocurrency News DeFi Ethereum

Some Ethereum DeFi Users Are Making 100% APY But There Are Multiple Risks

Unlike Bitcoin, which has stalled in the low-$9,000s, Ethereum-based decentralized finance (DeFi) has seen exponential growth over the past few weeks. Camila Russo, a former Bloomberg journalist turned Ethereum publicist, noted on June 19th that the amount of value locked in DeFi applications is up 40% in the past seven days alone. Due to a Read more…

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Cryptocurrency News DeFi Ethereum

Ethereum DeFi Is “Going Parabolic” But ETH Isn’t Following: Investors Guess Why

For months now, decentralized finance has been deemed one of Ethereum’s “killer use cases.” The concept of migrating financial services onto a relatively decentralized platform has been deemed a genius idea by many investors. Over the past few weeks, this has culminated in rapid growth in DeFi protocols. According to DeFiPulse, there is now in Read more…

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Cryptocurrency News DeFi

DeFi Adoption: Compound (COMP) Sees 100% Surge Amid Coinbase Pro Listing Announcement

The price of Compound (COMP) tokens is seeing a massive surge amid a manic week for the decentralized finance (DeFi) project, which included a listing announcement by U.S. crypto exchange giant Coinbase. Compound TVL Crosses $400M TVL Milestone With the number of lenders on the Compound protocol increasing rapidly, data from DeFiPulse shows the project Read more…