DeFi Protocol Synapse Responds to Selling Pressure With 17% Bounce

The native token of Synapse, a decentralized finance (DeFi) protocol designed to transfer data to cross-chain bridges, has bounced by more than 17% from a low of $0.30 after a liquidity provider sold its SYN tokens on Monday.

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As DeFi wars intensify, MakerDAO loses its place to Aave

Maker has been displaced as the second-largest DeFi protocol in terms of TVL. The protocol's revenue has gone up in the last month due to significant changes made to its portfolio. Lending pThe post As DeFi wars intensify, MakerDAO loses its place to Aave appeared first on AMBCrypto.

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$700,000 drained from BNB Chain-based DeFi protocol LaunchZone

BNB Chain-based DeFi protocol LaunchZone claims an exploit led to $700,000 of funds being drained from its liquidity pool, with its native token plunging in value.

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DeFi Yield Protocol Rebrands as Dypius Help Users Embrace Metaverse Opportunities

After experiencing success in the crypto space, DeFi Yield Protocol announces a complete rebranding to Dypius. The experienced team conducted several months’ worth of research to come up with the best way to represent what they had evolved into over the years.

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Co-Founder of Failed Crypto Exchange QuadrigaCX Starts DeFi Protocol UwU Lend

Sifu, the pseudonymous co-founder of failed Canadian crypto exchange QuadrigaCX, has released UwU Lend, a decentralized finance (DeFi) protocol forked from Aave.

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DeFi Yield Protocol Anticipates Metaverse Platform Launch with Listings on Coinbase, Huobi, and MEXC

The DeFi Yield Protocol (DYP) is growing the list of prominent crypto exchanges listing its DYP token.

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Harmony Protocol Succumbs To DeFi Exploit, $100 Million Stolen

Another decentralized finance (DeFi) protocol has fallen prey to an exploit. The Harmony protocol had been gaining popularity among DeFi users over the last year as the DeFi space bloomed. But it has now suffered the same fate as many protocols in the space.

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Delphi Labs Wants to Shut Down DeFi Protocol Mars After TVL Tumbles 99% to $2.6M

A proposal has been made to shut down DeFi credit protocol Mars following the spectacular collapse of the UST stablecoin, and its sister token LUNA, last week. The post Delphi Labs Wants to Shut Down DeFi Protocol Mars After TVL Tumbles 99% to $2.6M appeared first on BeInCrypto.

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Hashstack Finance Announces The Public Testnet Launch Of Its Open Protocol

Decentralized finance (DeFi) platform Hashstack Finance has announced the public testnet launch of its Open Protocol to disrupt the DeFi lending market. As per the announcement, the Open Protocol will allow DeFi users to access expert first tips on how to get the utmost worth out of their collateral when borrowing. Hashstack hopes this launch […]

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PARSIQ’s IQ Protocol Ranks 1st Among Binance Smart Chain’s Top DeFi Projects Under 100M Market Cap

IQ Protocol (PRQ) has revealed that its innovative decentralized finance (DeFi) solutions have been gaining massive interest and adoption globally since its official launch barely five months ago. With 60 strategic partnerships and a 50x surge in its TVL, IQ Protocol is now the number one DeFi project under a 100 million market cap onRead More

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How Pollen DeFi’s community curated Asset Index embodies ‘DeFi 2.0’ and creates ‘Crypto Meritocracy’

Pollen DeFi, the decentralized protocol that facilitates ‘hivemind’ weighting of asset pools that back up market-tradable tokens, today revealed their upcoming ‘Incentivised Beta’ platform release and details on how the ‘DeFi 2’ protocol will enable its unique community-managed financial instrument.

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Concerns raised as $10 million in Uniswap tokens got sold after alleged ‘insider’ proposal

The new policy organization, DeFi Education Fund, focused on promoting decentralized finance (DeFi) education and advocacy were supported through the Ethereum (ETH) DeFi protocol Uniswap and it deployed half of the funds received from the protocol’s treasury in a single transaction.

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Defi Yield Protocol Integration with BSC For Ultimate Investment Convenience and Security

Defi Yield Protocol is a world-class decentralized finance project introduced to provide excellent incomes for its users. Launched just a few months ago, DYP has made great strides in the crypto world, providing even more user opportunities.

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CMS, Alameda Research Among Investors in DeFi Protocol Alchemix

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The DeFi Yield Protocol (DYP) Looks Poised to take DeFi to Next Level

Within the rapidly budding cryptocurrency industry, 2020 has undoubtedly been the year of decentralized finance (DeFi) and the DeFi Yield Protocol is committed to take DeFi new heights.  What Is the DeFi Yield Protocol? The DeFi Yield Protocol (DYP) is developing a cutting-edge unique platform that enables anyone to provide liquidity and be rewarded forRead More

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Yield Protocol Launches Bringing Fixed-Rate Lending and Interest to DeFi

The DeFi sector has taken a bit of a breather over the past month or so and there have been much fewer new offerings. However, this hasn’t stopped a new platform called Yield Protocol from launching fixed term and rate loans to the industry.

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DeFi Protocol Synthetix Upgrading to L2 Scaling to Alleviate Gas Costs for Small SNX Stakers

Popular on-chain synthetic assets protocol, Synthetix is in the first phase of its transition to Optimistic Ethereum, a layer two scalability solution for the second-largest network that continues to grapple with congestion and sky-high fees thanks to all the DeFi craze.

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Scaling DeFi - Radix is a protocol for building DeFi applications

Piers Ridyard is the CEO of Radix, a layer-one protocol built for DeFi. DeFi applications are currently built on protocols that were not designed to scale. Radix has built a scalable, secure, high-throughput protocol for building applications and tokens.

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Hackers steal $8 million worth of cryptocurrencies from DeFi Protocol bZx

Hackers were able to infiltrate the DeFi lending protocol bZx and stole more than $8 million worth of cryptocurrencies. This is not the first time the DeFi protocol has been attacked this year. This time, the hackers were 8 times more potent than the previous attack on the margin and leverage-based trading and lending platform.

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DeFi Lending App, Aave Protocol, Raises $3 Million Through LEND Token Sale

In an announcement on Wednesday, confirms a $3 million investment in Aave Protocol, the third-largest DeFi app in total locked value. Framework Ventures and Three Arrows Capital directly purchased LEND tokens from the Aave Protocol Treasury, showing increasing interest from institutional investors in the DeFi industry.

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DeFi attacks reignite centralization dilemma, debates on protocol reliability

With so much innovation going on in the space, DeFi has become a big rising star over the years. In a more recent milestone, DeFi apps on the Ethereum network hit an all-time high of $1.21 billion on The post DeFi attacks reignite centralization dilemma, debates on protocol reliability appeared first on AMBCrypto.

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DeFi Platform bZx Says Lenders Unaffected by Recent Incident

Decentralized finance (DeFi) protocol bZx has clarified reports of lost funds from a malicious exploit of its Fulcrum trading platform stating that lenders were not affected by the incident. Friday’s protocol exploit has meanwhile ignited some debate over the degree of decentralization in DeFi products.

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DeFi Protocol bZX Suffered From a Smart Contract Exploit

The world of decentralized finance has yet to be put through a big security audit. For bXZ, such an audit will come too late, as the DeFi protocol has already been hacked. Earlier today, news broke of an incident affecting bXZ.

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Bitcoin Set to Join in on DeFi Hype with tBTC Launch

tBTC, developed by Summa One and Keep Project, is live on Ethereum’s Ropsten testnet. The protocol aims to bring a price- and network-pegged version of BTC onto Ethereum and could...The post Bitcoin Set to Join in on DeFi Hype with tBTC Launch appeared first on Crypto Briefing.

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A Comparison of DeFi Protocol Token Valuations

The proliferation of DeFi protocols was the crypto story of last year. But how do the major token valuations compare? Valuing DeFi Protocol Tokens DeFi protocols earn money by charging...The post A Comparison of DeFi Protocol Token Valuations appeared first on Crypto Briefing.

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Options Protocol Brings ‘Insurance’ to DeFi Deposits on Compound

A company called Opyn is bringing trustless insurance to the Compound DeFi protocol.

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Altcoin Explorer: Kyber Network, the On-Chain Liquidity Protocol Leading the DeFi Sector

Kyber Network is an on-chain liquidity protocol that powers decentralized applications, from exchanges and funds to lending protocols and payments wallets. In recent months Kyber has experienced tremendous growth due to the development of decentralized finance and has managed to establish itself as one of the reference protocols for this new sector.

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DeFi’s First “No-Loss Lottery” Raises $1 Million as Interest Accrues

The “no-loss lottery” concept pioneered by PoolTogether has gained significant traction in recent months. With a fresh $1M equity injection and a new USDC pool coming to the protocol, PoolTogether...The post DeFi’s First “No-Loss Lottery” Raises $1 Million as Interest Accrues appeared first on Cryptocurrency News.

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Curve Finance Is Fixing Stablecoin Slippage on DeFi

Curve Finance is improving slippage for DeFi stablecoin conversions, like DAI/USDC. If successful, the protocol would be more efficient than any other DEX. Efficient Protocols Win The DeFi space is...The post Curve Finance Is Fixing Stablecoin Slippage on DeFi appeared first on Cryptocurrency News.

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Aztec Protocol Doesn’t Want DeFi Without Privacy, and Neither Should You

Today, Aztec Protocol, a highly-anticipated privacy layer, launched its mainnet on Ethereum. The protocol obfuscates inputs and outputs using zero-knowledge proofs, and several DeFi projects have already shown interest in integrating the technology.

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Dharma.io Review 2020 – How to Lend and Borrow on Dharma?

A few weeks ago, I have been testing Maker DAO, the most successful “DeFi” application on the Ethereum network so far. In April 2019, a new protocol went live called Dharma, which has a similar purpose and in my opinion has the chance to become an even bigger success.

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TTC blockchain DApp ecosystem project Tigris Protocol now open-source

TTC, a decentralized token-incentivized protocol for social network services and online communities, announced today it has made the decision to open-source the Tigris Protocol project. Tigris Protocol is a set of decentralized finance (DeFi) solutions operating on a TTC blockchain that offers a range of services, such as staking, collateralized debt, and Tigris Rewards Programs.

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Interest accumulating iTokens added to Eidoo’s DeFi Exchange portal

bZx, a decentralized margin lending and liquidity protocol featuring native interest-bearing iTokens, are now available on Eidoo’s recently launched DeFi Exchange. Built-in on Eidoo’s wallet app, the DeFi Exchange is for trading, lending, and interacting with DeFi tokens.

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Ethereum-based Maker Still Dominates DeFi, Competitors Emerging

Maker, the Ethereum-based DeFi protocol, remains dominant in decentralized finance, but competitors such as Compound, Uniswap, and Synthetix showed strong growth in 2019. Maker Remains the King of DeFi MakerDAO, creator of “the world’s first unbiased currency” DAI, enjoyed first mover advantage in the burgeoning DeFi market.

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DEX liquidity protocol 0x launches API

0x, the decentralized exchange protocol that facilities peer-to-peer exchange of Ethereum-based assets, today launched the 0x API. The 0x API was designed to make it easy for DeFi developers to tap into both off-chain and on-chain DEX liquidity in a fast, reliable, and easy to use way.

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Mimic Professional Traders on DeFi Using Social Trading

DeFi-native Set Protocol, an automated investment platform, has finalized its rollout of social trading, allowing everyday users to benefit from the wisdom and expertise of financially-savvy traders.

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DeFi: Synthetix 2020 Upgrades Target User Growth  

The team behind Synthetix Network has unveiled protocol enhancements lined up for 2020. Existing infrastructure is slated for an upgrade and a range of new products are scheduled for later this year.

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Chainlink Token Holders to Earn Interest on DeFi Application

In the latest DeFi launch, money market protocol Aave will gather off-chain pricing data via the decentralized oracle services of Chainlink. LINK token holders will also be able to earn interest with Aave.

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DeFi is coming to Bitcoin: Money on Chain is Building a Crypto Lending Platform on Rootstock

Money On Chain is creating a protocol that allows the creation of a bitcoin-collateralized stablecoin as well as DeFi products based on bitcoin. Their infrastructure is developed using Bitcoin’s sidechain rootstock (RSK).

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New DeFi DAO Offers Greater Liquidity for Crypto Ecosystem

The CEO of Ren protocol, Taiyang Zhang, recently announced the launch of yet another DeFi liquidity solution for the crypto ecosystem. Keeper DAO looks to offer many of the same services of traditional underwriting services but will instead focus on non-custodial crypto markets.

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DeFi's 'decentralization' questioned by many in crypto-community

DeFi has been all about decentralizing the financial space and has grown multi-folds in 2019. However, the claims of the protocol being open, permissionless, and censorship-resistant have been put to The post DeFi's 'decentralization' questioned by many in crypto-community appeared first on AMBCrypto.

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Kyber Network Aims to Improve DeFi Liquidity With ‘Katalyst’ Protocol Upgrade

Kyber Network, the ethereum-based protocol focused on aggregating liquidity and facilitating swaps for ERC-20 tokens, is about to launch a major upgrade.

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PODCAST: Introducing ’The Breakdown’ With Nathaniel Whittemore

In the debut episode, Nathaniel discusses recent regulatory action, DeFi project on bitcoin, and a new social media protocol initiative from Twitter.

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Algorand Is Now Supporting Smart Contracts that Are Non-Turing-Complete

On Thursday, the Algorand Foundation has launched an update for its blockchain protocol. Algorand has added features for decentralized finance (DeFi) and smart contracts to its Algorand 2. 0. This is the largest expansion for the network, after its June 2019 launch.

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Dai savings rate may bring added advantage to DeFi ecosystem

DAI will be upgrading to a multi-collateral mechanism on 18 November, which will include new features to Maker Protocol like Dai Savings Rater [DSR]. According to MakerDAO, DSR will enable Dai holdersThe post Dai savings rate may bring added advantage to DeFi ecosystem appeared first on AMBCrypto.

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Crypto Lending DeFi Startup Compound Finance Raises $25 Million Led by Andreessen Horowitz

Coinspeaker Crypto Lending DeFi Startup Compound Finance Raises $25 Million Led by Andreessen HorowitzCompound Finance said that it will be using the new funds to further "decentralize" its automated protocol while expanding its services and making them accessible to ordinary people.

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DeFi Lender Compound Raises $25M; Wants To Integrate Crypto Exchanges, Custodians, & Wallets

A San Francisco-based decentralized finance protocol called Compound was recently able to raise $25 million USD in its latest Series A investment round. The round was led by Andreessen Horowitz and venture capital funds such as Polychain Capital, Paradigm and Bain Capital Ventures also participated.

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dYdX Protocol Registers All-Time High for Its ETH Lockup while DAI Lockup Amount Falls by 43%

dydx protocol is a decentralized margin trading and derivatives platform that allows users to lock up their Ether in smart contracts and uses can earn interest on it or draw DAI based on the locked amount.

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Maker’s Stability Drops 8 Percent to 5.5 APR as DeFi Sentiment Picks Up

Maker Protocol’s stability fee is voted into existence with MakerDAO’s governance mechanism. The stability fee is what helps keep DAI’s peg afloat, and the confirmation of a reduction to 5.

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