Yield farming is a fad, but DeFi promises to change the way we interact with money

The sector has a long way to go in terms of accessibility if DeFi really wants to challenge traditional financial institutions.

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SUSHI Leads the Way In DeFi Index Breakout

Since Nov 6, the SushiSwap (SUSHI) price has increased by a massive 175% but has failed to reach a close above an important resistance level. After a short-term retracement, the price is expected to eventually be successful in moving above this area.

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Stellar Lumens, Aave, FTX Token Price Analysis: 14 November

Stellar Lumens was on its way to flip a level of resistance to support while moving higher on the charts, at the time of writing. On the contrary, DeFi tokens saw a surge after investors piled in on tThe post Stellar Lumens, Aave, FTX Token Price Analysis: 14 November appeared first on AMBCrypto.

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DeFi Comes Roaring Back: Aave, Uniswap, yEarn Lead the Way

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DeFi sector struggles as Bitcoin sees another surge

Both Bitcoin (BTC) and the DeFi sector have grown side-by-side in 2020 following the mid-March global economy meltdown, but now, the two started moving in the opposite direction. As Bitcoin price recently surged, the DeFi sector started seeing a significant decline, which caused some to start speculating about the two potentially being connected in some way.

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‘Flash Loans’ Have Made Their Way to Manipulating Protocol Elections

BProtocol used a flash loan to speed up election results on MakerDAO. The DeFi platform is now weighing changes to its voting process.

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Kraken CEO: ‘Defi Scams’ Must Take Their Losses as Way to ‘Enlightenment’

Jesse Powell, chief executive officer of the world’s fourth-largest crypto exchange Kraken, has criticized decentralized finance (defi) projects, accusing them of being “scams” that enter the market too quickly, unprepared.

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Total Value Locked in Harvest Finance Surpasses $1 Billion, Up 366,200% Since September

Decentralized platform Harvest Finance that provides users a way to farm assets for the highest yields now has more than a billion dollars in total value locked (TVL), as per DeFi Pulse. A few days back, Wrapped Bitcoin (WBTC) captured third place by overtaking popular DeFi projects Aave, Compound, and Curve Finance.

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Brock Pierce: True decentralization is a way off

True decentralization will take time, U.S. presidential candidate Brock Pierce suggests, citing DeFi as a crucial stepping stone towards this end.

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With COMP Below $100, a Look Back at the ‘DeFi Summer’ It Sparked

Compound's governance token, COMP, fell below $100 early Tuesday. The DeFi token kicked off the yield farming craze way back in June.

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How the DeFi Craze Made Its Way to China

DeFi is booming in China, with startups adapting and building on popular western projects within the nation's active crypto economy.

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Bitcoin Evangelist Anthony Pompliano Labels DeFi An ICO Branded Scam

DeFi’s explosive growth has in no way lessened the criticism from the crypto-industry. In fact, the surge in usage and popularity has attracted harsh criticism from industry players, all of whom have mostly classified DeFi as a bubble.

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DeFi vs CeFi: How DeFi Measures Up

Key Takeaways: Both DeFi and CeFi are poised to shake up the way people manage their money, but each has its own place in doing so.  DeFi offers impressive transparency, accessibility, and utility for digital asset users, but it doesn’t yet match the overall functionality offered by CeFi—yet.  CeFi is still by far the bigger […]

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Coinbase Users Lose $25K On Yearn.Finance Since DeFi Token’s Debut

Timing when to buy in crypto or any market is a difficult task. Eager DeFi investors learned this the hard way if they rushed to buy Yearn.Finance (YFI) the moment it was listed on Coinbase. From that moment on, its been almost nothing but downside since, leaving anyone who bought that “top” with a $25K […]

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BitMax and Offshoot of Japan’s LINE Debuts Crypto Lending Service

Coinspeaker BitMax and Offshoot of Japan’s LINE Debuts Crypto Lending ServiceThe move to launch the cryptocurrency lending service will go a long way in bringing the much revered DeFi product to thousands of BitMax customers.

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Zilliqa (ZIL) enters the DeFi sector with its new DEX

Crypto projects are rushing to join the DeFi sector left and right, and each in its own way. For Zilliqa (ZIL), that means launching a brand-new decentralized exchange based on its blockchain. The exchange will function similarly to Uniswap, in the sense that it will offer a liquidity system and an automated market maker.

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This New DeFi Project is Launching on the AI-Powered Velas Blockchain

In the last few months, the Decentralized Finance (DeFi) space has exploded in both interest and innovation, as ever more creative and accessible platforms and protocols emerge to build out an entirely new financial system that could be poised to shake up the way people manage their money.

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Uniswap and seven more tokens find their way to CoinZoom exchange

US-based cryptocurrency exchange, CoinZoom, recently announced the addition of eight new cryptocurrencies to its list. A number of the coins are major DeFi stars, which have been making headlines due to major exchange listings and strong performance in recent weeks.

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DueDEX is Paving the Way, Launching Fee-Free LINK/USDT Futures Trading

1th October 2020, Belize City, Belize: With new exchanges cropping up, trading becoming ever-more popular, and the interest in Crypto and DeFi rising by the day, the trading market has been crying out for something special to hit for quite some time.

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DueDEX is Paving the Way, Launching Fee-Free LINK/USDT Futures Trading

Bitcoin Press Release: DueDEX announces its industry-first zero-fee LINK/USDT Futures Trading, opening new paths to diversification and profitability.   30th September 2020, Belize City, Belize: With new exchanges cropping up, trading becoming ever-more popular, and the interest in Crypto and DeFi rising by the day, the trading market has been crying out for something special […] The post DueDEX is Paving the Way, Launching Fee-Free LINK/USDT Futures Trading appeared first on Bitcoin PR Buzz.

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Will DeFi crash the crypto-economy, the same way CDOs did?

Let's talk about the elephant in the room. Decentralized Finance has been all the rage for the past few months, and its tokens' prices are a testament to the excitement. But while the objective of deThe post Will DeFi crash the crypto-economy, the same way CDOs did? appeared first on AMBCrypto.

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Top 6 DeFi Platform Options for Crypto Users to Grow Money

Coinspeaker Top 6 DeFi Platform Options for Crypto Users to Grow MoneyDeFi is continuously growing, however, only a few people in crypto world benefit from using such platforms. Here are Top-6 options that can be used to raise money in this way.

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Defi Boom: Bubble Fears Grow as ‘Toxic’ Community Disagrees on Way Forward

The decentralized finance (defi) space is headed for an implosion unless the divided community leaders step forward with solutions. This is discernible from September 13 Sunday morning tweets by some influential players in the defi space wherein they attack each other.

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The Alpha Wars: How DeFi Traders Can Copy Their Way to Millions

DeFi traders with less capital and more patience can piggyback off this success by tracking their every move and copying their strategies.

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More than 20,000 Bitcoin was poured into DeFi last week

Fanatics of the burgeoning decentralized finance (DeFi) space injected a record amount of Bitcoin into Ethereum-based protocols, searching for high yields and finding a way to earn funds on their capital.

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Ontology (ONT) is Taking on DeFi With a Decentralized Identity Solution

High performance, open-source blockchain Ontology announced a new product suite as it looks to make its mark on the decentralized finance (DeFi) space, according to a press release. Ontology Goes the DeFi Way Specializing in digital identity and data, Ontology launched a new decentralized identity solution earlier this month, making it easier and more secureRead MoreRead More.

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‘Overvalued’ SUSHI Dumps 80% Ahead of Platform Migration

The DeFi food farming frenzy appears to be freezing over as recently-hyped tokens begin to dump and Ethereum transaction fees return to some state of normality. One of the hottest tokens, SUSHI, is already in freefall as recent research suggests it is way overvalued.

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YFI’s Andre Cronje: Greed & ‘A Whole New Ponzi’ We Came Up With is Behind DeFi’s Insane Growth

There is no doubt about the ongoing DeFi mania, which is glaringly obvious, especially in the way the unaudited protocols are locking in billions of dollars in less than a week of their launches. Not to mention the skyrocketing prices of these DeFi tokens.

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Million Percent APYs and Pumps & Dumps is the New Way of Programmable Money

If you were enjoying the 10,000% APY on DeFi projects, that was last week. This week, it’s about seven figures. That’s right. The latest attraction in the DeFi market is offering APYs of a million percent.

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No Collateral Required: How Aave Brought Unsecured Borrowing to DeFi

Aave’s “credit delegation” service makes unsecured borrowing possible in DeFi for the first time. But it’s a long way from replacing your credit card.

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Is DeFi’s Total Value Locked (TVL) The Best Way To Measure Market Growth: DappRadar Report

In a report published on Wednesday, DappRadar, a decentralized app (dApp) aggregator, stated that the DeFi growth could be significantly overstated. The foremost DeFi metric is the total value locked (TVL), which measures the amount borrowed to amount deposited on lending DeFi protocols and the liquidity provided on decentralized exchanges (DEX). According to DeFi Pulse, […]

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Cryptocurrency News Roundup for August 20, 2020

For the first time in the decade-long history of the asset class, an altcoin has surpassed the price of bitcoin. On August 20, YFI, the native governance token of the Yearn. Finance’s DeFi protocol achieved this unprecedented feat by climbing all the way up to $14,878.

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DeFi coin REN surges as RenBTC reaches 10,000 units

Tokenizing Bitcoin (BTC) and adding it to DeFi projects has been a popular new way of using BTC on other blockchains. One of the most popular alternatives to Bitcoin on other chains has been Wrapped Bitcoin (wBTC), but recently, renBTC also started growing strongly.

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India’s Largest Crypto Exchange WazirX Partners With Matic Network To Develop A DeFi Product

WazirX, which is owned by Binance, is set to introduce an AMM DEX which will allow users to easily swap crypto assets in a decentralized way and at the same time earn fees through provision of liquidity.

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Just bull run things: Ethereum users created a $500,000 crypto over a DeFi meme

Over the past few weeks, decentralized finance (DeFi) developers have found an intriguing way of spawning successful projects: take the code of an already-successful project like Compound, Aave, Yearn.

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DeFi's 'new stage' welcomed as OKEx, Binance list Curve Finance's CRV

DeFi's ecosystem has come a long way over the past few months. From a Total Value Locked (TVL) figure of $539.8 million right after the market crash in March, it has recovered extraordinarily well to The post DeFi's 'new stage' welcomed as OKEx, Binance list Curve Finance's CRV appeared first on AMBCrypto.

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How to Earn an Insane Passive Income on Your Bitcoin and Ethereum

Arguably the best way to earn a passive income from your crypto is with Decentralized Finance (DeFi) solutions.  DeFi applications account for the placement of $2 billion worth of crypto assets and tThe post How to Earn an Insane Passive Income on Your Bitcoin and Ethereum appeared first on AMBCrypto.

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DeFi has more than just yield farming to thank for the recent surge

DeFi ecosystem has come a long way over the past few months. From a Total Value Locked (TVL) figure of $539. 8 million right after the market crash in March, it has recovered extraordinarily well.

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DeFi Protocol Aave Unveils “Credit Delegation” Transactions, Here’s What It Does

Aave — an open-source and non-custodial lending protocol, is introducing Credit Delegation (CD). It is a new way where depositors can earn additional interest by creating credit lines between lenders and trusted borrowers through a special vault.

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CEO of DeFi YFI Token Fork, Asuka, Exit Scams 2 Days After Launching; Binance To Investigate

Over the past few months, the crypto world has taken off with a helping hand from the DeFi market. The yield farming craze has seen blockchains like Compound, Balancer, etc. take off in a massive way, as investors chase the crazy annual yields these DeFi platforms offer.

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Elrond Steps into DeFi Game with Mainnet Launch; 260,000 TPS on Testnet

A “powerful” blockchain project has launched its mainnet platform after wildly successful testnets results of over 260,000 transactions per second (tps). Going the DeFi Way Elrond, a “high performance” blockchain, recently launched its mainnet.

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DeFi Reinvented the ICO, It Flopped: Assessing the IDO

Decentralized exchanges (DEXes) have become a new way for crypto founders to raise capital. While the idea is novel, it’s broken until several major issues are solved. The History of...

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Binance Now Allows to Short the DeFi Token That Is Up 3,500% YTD, With 50x Leverage

Are you surprised? Many aren’t! Binance Futures is all set to make the most out of the ongoing DeFi craze. It doesn’t matter whether the price of a digital asset goes up or down, cryptocurrency exchanges roll in cash either way.

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DeFi's staggering growth in TVL is a positive feedback loop

The DeFi ecosystem has come a long way since 13 March. After tumbling all the way down to $571 million in Total Value Locked (TVL) from a high of $1.28 billion on 15 February, all hope for its future The post DeFi's staggering growth in TVL is a positive feedback loop appeared first on AMBCrypto.

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Is Crypto Credit Delegation the Next Big Thing for DeFi?

The decentralized finance industry is moving so fast that every week a new way of earning emerges. This week, it has been Aave’s turn to shine, and credit delegation could become the new rage in DeFi.

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DeFi, Layer-2 Solutions to Pave Way for Ethereum Adoption

Blockchain entrepreneur Tyler Smith tweeted this week on how the protocol is primed to see widespread technological progress this year; led by DeFi and layer-2 tech. dApps to Bolster ETH Tech Smith’s viral tweet talked about the various implementations and technical specifications coming to the world’s second-largest cryptocurrency in the next “6 to 12 months.

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DeFi Hits $2 Billion for First Time, Yield Farming Platforms Pave the Way

For the first time ever, there is over $2 billion locked in DeFi protocols. As the yield farming craze continues, investors should be cautious as many top DeFi tokens are...

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Ethereum On-Chain Metrics Improving After a Massive Month for DeFi

June was a truly explosive month for decentralized finance markets, and those bullish metrics have impacted the Ethereum network in a similar way. ETH prices, however, are still lagging far behind.

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Bitcoin locked in DeFi soars by 113% after it becomes a DAI collateral

Wrapped Bitcoin aka WBTC is a way of getting Bitcoin on Ethereum, where WBTC is pegged 1:1 with BTC. This is supposedly the future of cryptocurrencies - cross-chain compatibility. WBTC is one such proThe post Bitcoin locked in DeFi soars by 113% after it becomes a DAI collateral appeared first on AMBCrypto.

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