DeFi

Blockchain Bites: Inside Cosmos, Bitcoin at $200B, DeFi Surges

Blockchain Bites: Inside Cosmos, Bitcoin at $200B, DeFi Surges

Traders are expecting bitcoin to go higher. DeFi is surging in web traffic. And Cosmos is alive and well, despite internal feuding. No cultsCosmos, the blockchain interoperability project that turned a small ICO into a thriving ecosystem, almost came to an end in February 2020 when the project’s co-founders engaged in a heated feud. It …

Blockchain Bites: Inside Cosmos, Bitcoin at $200B, DeFi Surges Read More »

Compound overtakes MakerDAO in value locked

DeFi platform Compound launches permissionless price oracle

Money market protocol Compound has released its own price oracle as part of its efforts to migrate to the Open Price Feed, its permissionless, upgradable price feed.  A price oracle is a third-party, decentralized feed that provides the data necessary to carry out smart contracts. Many Open Finance platforms use price oracles to offer their …

DeFi platform Compound launches permissionless price oracle Read More »

Huobi launches DeFi incubator, sets aside ‘tens of millions of dollars’ for investments

Huobi launches DeFi incubator, sets aside ‘tens of millions of dollars’ for investments

Huobi Group has announced the launch of Huobi DeFi Labs, a research and incubation platform focused on decentralized finance applications and projects. According to the announcement, Huobi’s DeFi-centric arm will focus on research, investments and the incubation of DeFi initiatives. Huobi Group itself will “allocate tens of millions of dollars to an initial investment fund, which …

Huobi launches DeFi incubator, sets aside ‘tens of millions of dollars’ for investments Read More »

Ethereum locked in DeFi spikes; Total Value Locked nears $1.5 Bn

Ethereum locked in DeFi spikes; Total Value Locked nears $1.5 Bn

The DeFi space has fairly recovered following the cryptocurrency market meltdown three months back and has gained major momentum as it recently surpassed the crucial $1 billion total value locked. In the latest development for the DeFi ecosystem, the total value [USD] locked climbed to a fresh all-time high as it stood at $1.48 billion …

Ethereum locked in DeFi spikes; Total Value Locked nears $1.5 Bn Read More »

Compound Tops MakerDAO, Now Has the Most Value Staked in DeFi

Compound Tops MakerDAO, Now Has the Most Value Staked in DeFi

Compound overtook MakerDAO Saturday as the decentralized finance (DeFi) protocol with the most value locked. As of June 20, Compound has $484 million in cryptocurrency locked, while MakerDAO has $481 million, according to DeFi Pulse. The COMP token is trading at $220.25 as of this writing, according to CoinGecko. It’s all time high price has …

Compound Tops MakerDAO, Now Has the Most Value Staked in DeFi Read More »

Network Bringing Bitcoin to DeFi Taps Libra Member Bison Trails for Staking Services

Network Bringing Bitcoin to DeFi Taps Libra Member Bison Trails for Staking Services

Decentralized finance (DeFi) protocol Keep Network has tapped Bison Trails to provide non-custodial staking services for tBTC, an ERC-20 representation of bitcoin (BTC) deposits.  Keep, a project from blockchain venture studio Thesis, operates tBTC in a trustless manner by breaking bitcoin deposits across smart contracts held by various Keep users. “Infrastructure is important because if …

Network Bringing Bitcoin to DeFi Taps Libra Member Bison Trails for Staking Services Read More »

AVA Labs Will Splash Millions to 'Brain Merge' DeFi and Traditional Finance

AVA Labs Will Splash Millions to ‘Brain Merge’ DeFi and Traditional Finance

Now that its public testnet is live, Emin Gun Sirer’s AVA Labs wants to invest heavily in building a DeFi space more in its own image. Speaking on Google Hangouts, AVA Labs COO Kevin Sekniqi told CoinDesk the company was focusing its energies on a new grants program, made available through its new venture arm, …

AVA Labs Will Splash Millions to ‘Brain Merge’ DeFi and Traditional Finance Read More »

Bitcoin locked in DeFi marks another ATH despite a volatile market

Bitcoin locked in DeFi marks another ATH despite a volatile market

The Decentralized Finance [DeFi] had kickstarted the year 2020 noting tremendous growth. Despite restricted growth, Bitcoin locked in DeFi reached an all-time high of 2.026 k, according to data provided by DeFiPulse. Source: DeFiPulse BTC locked in DeFi started gaining momentum in February during which it escalated from 1.50k BTC to a value above 1.70k …

Bitcoin locked in DeFi marks another ATH despite a volatile market Read More »

Scroll to Top