Is Crypto Lending The Ultimate Killer App?
The crypto sector is growing constantly. Currently, using digital assets to earn some yields and borrow capital has become possible due to crypto lending. That sector has become one of ...
Tag: DeFi
Compound (COMP) Encounters Colossal Losses, Still Dominant In DeFi Rankings
The market is seemingly crashing back to Earth after Coinbase Pro listing sent Compound Governance Token (COMP) prices up more than 100%. The COMP coin is the native token of ...
DeFi Surging Steeply, Balancer Spikes 235% On First Day
Decentralized Finance (DeFi) tokens including LEND rallied further this week with some of them registering new all-time highs. LEND had increased by 3,900% since 2019. Other DeFi tokens like Balancer, ...
Ethereum 2.0 Might Impact Dapps And DeFi With PoS Implementation
The first phase of Ethereum 2.0 is almost here with us. But, how will the DeFi and Dapp space adapt to the new development? While Ethereum has brought in an ...
BNB To Feature On Kava’s DeFi Platform Becoming The First Supported Asset
On June 6, reports emerged that the Binance Chain will finally get Decentralized Finance (DeFi) utility functions. Based on findings by Cryptovibes, Binance Coin (BNB) is set to become the ...
Major Decentralized Finance (DeFi) Ecosystem Challenges
Decentralized finance (Defi) is an industry that is still in its infancy stage. If the sector has hopes to topple the balance and take over powers from the traditional legacy ...
Tether Experiencing Increased Usage in DeFi After An Unconvincing Start
Data shows that Tether (USDT) usage is picking speed in DeFi. Aave reported at least 10% of its assets are locked in USDT. The slow start saw its competitor USDC ...
1000 WBTC Minted on ETH Thwarts Whole Lightning Network
A single transaction on May 13 created more Wrapped Bitcoin (WBTC) on the Ethereum network compared to the cumulative amount of BTC locked in the entire Lightning Network. A thousand ...
DForce Refunds Investors After Recovering $25 Million From Hack
After it recovered the funds from a $25 million hack, DForce announced that it had refunded all its affected users. The decentralized finance protocol platform said that all affected users ...
PegNet Platform Suffers 51% Attack From Top Miners, or Did It?
A lot of unwanted drama and activities continue to affect the decentralized finance (DeFi) space. Factom-based stablecoin network PegNet seemed to suffer a 51% attack that resulted in the fraudulent ...