European regulator issues warning on DeFi's serious risks

ESMA acknowledged that while investors' exposure to DeFi remains relatively limited, there were substantial risks to investor protection. The agency vowed to delve deeper into this burgeoning mThe post European regulator issues warning on DeFi's serious risks appeared first on AMBCrypto.

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Comptroller of the Currency warns of new risks DeFi faces

The OCC chief wrote an opinion piece for the Financial Times saying the DeFi…

The post Comptroller of the Currency warns of new risks DeFi faces appeared first on Coin Journal.

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How big a risk is 'Centrality' when it comes to DeFi?

While DeFi has been the most popular buzzword of the year, it is a space that is fraught with risks. In fact, a recent report by BraveNewCoin outlined a series of 18 serious non-financial risks for DeThe post How big a risk is 'Centrality' when it comes to DeFi? appeared first on AMBCrypto.

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DeFi Pulse Launches Economic Safety Grade to Rank Risk

The decentralized finance (DeFi) boom of 2020 has not been without risks. A great deal of money was made and lost through various pumps, rug pulls, and vulnerability exploits. DeFi Pulse has recognized this trend and launched a safety index to rank risks for various platforms.

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Survey: Large Number of Yield Farmers Can’t Read Smart Contracts Despite High Risk

A new Coingecko survey has found that a large number of yield farmers do not know how to read smart contracts despite claiming they understand the risks that come with such investments. According to the survey, which polled 1,347 people, around 40% of decentralized finance (defi) users cannot comprehend the smart contracts they use for […] The post Survey: Large Number of Yield Farmers Can’t Read Smart Contracts Despite High Risk appeared first on Bitcoin News.

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Research: 40% of yield farmers are unable to assess risks of investments

According to CoinGecko, more than a third of DeFi users involved in yield farming do not know how to read smart contracts and assess the risks associated with them. This is fraught with loss of investment in the future.

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Nexus Mutual Sees Active Cover Growing 10x, Now Token Price ‘Directly Linked to Adoption’

“DeFi is developing faster than you can say ‘protect me from the risks in DeFi’,” said Kayleigh Petrie, Director of Engagement at Nexus Mutual, an Ethereum based insurance protocol. Given the sector’s high risk, high gain motto, it makes sense the need for insurance coverage is growing in line with the sector, which has yet […] The post Nexus Mutual Sees Active Cover Growing 10x, Now Token Price 'Directly Linked to Adoption' first appeared on BitcoinExchangeGuide.

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Despite The Risk, DeFi Continues to Swell Even More; Driving Ether Higher

DeFi tokens are becoming increasingly more accessible through centralized exchanges, such as Coinbase listing YFI this week, which though net positive for the ecosystem, also presents the risks of FOMO, the fear of missing out.

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BitMEX CEO Arthur Hayes outlines four risks in Ethereum’s DeFi “proto-banks”

The decentralized finance (DeFi) craze is drawing interest and capital from all corners of the crypto industry. The post BitMEX CEO Arthur Hayes outlines four risks in Ethereum’s DeFi “proto-banks” appeared first on CryptoSlate.

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What is Yam? The YFI-AMPL clone with lures of 10,000% returns

Yam, a new DeFi project put together in ten days with no audit, guaranteed risks, and never-seen-before returns locked upwards of $180 million hours after launch on August 11. The post What is Yam? The YFI-AMPL clone with lures of 10,000% returns appeared first on CryptoSlate.

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How the Ethereum-Based Ampleforth’s 50% Crash Shows DeFi Investing Risks

The DeFi craze may have finally gone too far, leading investors into disaster as some top industry analysts had forewarned. Ampleforth, an altcoin that recently flash pumped by over 700,000%, just collapsed by over 70% wiping out investor’s gains and then some.

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Ethereum’s Vitalik Buterin Says DeFi Users are Underestimating Risks

Ethereum co-founder Vitalik Buterin believes DeFi investors are underestimating smart contract risks on platforms locking billions of dollars these days, he said on a podcast this week. “DeFi is Fine, But Don’t Put Your Life Savings” In an interview marking Ethereum’s fifth birthday (it launched July 2015), Buterin said most DeFi players were not fullyRead MoreRead More.

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Ethereum gas price and risks mainly driven by DeFi

The Ethereum market has been noticing a spike in its value given the surge in the Bitcoin market. This spike was of 11%, however, according to the daily chart of Ethereum, it has been marching upwardsThe post Ethereum gas price and risks mainly driven by DeFi appeared first on AMBCrypto.

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Risk Builds as Farmers Pile $1 Billion into Compound

With extraordinary yields, farmers are rushing to plant their crypto in DeFi protocol Compound. But there’s a drought coming. DeFi Won’t Stop, Risks Pile Up If you thought Compound was...

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Inside Compound (COMP); Platform Risks, Lack of Oracles, And The Incentive to Maximize Individual Profits

Compound, the newly-launched DeFi token famous for reaching a $3 billion market cap within days of listings, is facing scrutiny from analysts and traders as questions about its illiquid markets and lack of utility rise.

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Some Numbers That Show Why Yield Farming COMP Is So Seductive

COMP has created a sudden craze for "yield farming." Here are three scenarios illustrating the risks and rewards of DeFi's latest trend.

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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.

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PieDAO Launches USD++ to Reduce Risks With ‘Unstable-Coins’

PieDAO has launched its USD++ protocol, comprising a hedged basket of Ethereum-based stablecoins designed to reduce risks for long term DeFi users.

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DeFi Transactions Are Now Competing for Block Space on Ethereum

Slowly but steadily, “complex” smart contract transactions are overtaking standard Ethereum transactions. As these transactions need more gas to execute, the network risks becoming much more expensive as it makes...The post DeFi Transactions Are Now Competing for Block Space on Ethereum appeared first on Crypto Briefing.

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MakerDAO's MCD could tackle future collateral risks for DeFi ecosystem

Ethereum's Devcon 5 conference was a successful event, with many important announcements made during the event. One of the most discussed developments was the launch of MakerDao's Multi-Collateral DAIThe post MakerDAO's MCD could tackle future collateral risks for DeFi ecosystem appeared first on AMBCrypto.

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What Is DeFi and Where Does It Leave Bitcoin?

The Bitcoin bull and bear market cycles are a pattern that produces significant developments — when the market is cold, people tend to focus on building the next wave of groundbreaking technology.

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After QuadrigaCX: New Regulations for Canadian Exchanges Are in the Works

As anxiety grows around every new twist and turn in the ongoing QuadrigaCX drama, along with extensive QuadrigaCX media coverage, Canada’s mainstream media has been calling on the government to bring in better oversight and regulation of cryptocurrency businesses, especially cryptocurrency exchanges.

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