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DeFi protocol Balancer (BAL) unveils MetaStable Pools, joins forces with Lido to deepen ether (ETH) and staked ether (stETH) liquidity. Balancer Launches MetaStable Pools Balancer, a leading decentralized finance (DeFi) platform recently announced its partnership with Ethereum staking solution Lido (LIDO) to launch MetaStable Pools with joint pool incentives. MetaStable Pools differ from
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Leading decentralized exchange, Uniswap, has become the first DeFi protocol to generate more than $1 billion worth of platform fees for liquidity providers.On August 10, Lucas Outumuro, head of research at crypto data aggregator IntoTheBlock, shared a chart to Twitter showing that the combined fee revenues of Uniswap’s v2 and
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Gelato Network, a protocol that automates smart contract executions on Ethereum (ETH), has integrated with DeFi aggregator Zerion to help users better manage liquidity when interacting with decentralized exchanges like Uniswap. The partnership enables Zerion’s over 200,000 monthly active users to have their Uniswap v3 positions managed automatically, Gelato Network announced
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As decentralized exchanges now represent a significant amount of crypto trading volume, it is vivid that these platforms will play a big role in the smart economy of the future.Automated market makers, in particular, changed the game by eliminating the need for order books entirely and replacing them with liquidity
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DeFi is not an uncommon term in the current financial system due to its growing impacts on the financial market. It provides solutions to the limitations of traditional finance. It encourages an open and decentralized financial transaction that won’t depend on intermediaries, like banks, insurers, brokerages, or stock exchanges. Instead,
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The availability of the Ripple ODL option in Japan means customers of RippleNet can leverage the digital asset XRP to eliminate pre-funding and reduce operational costs.In a move to accelerate and grow cross-border payments, Ripple, the leading provider of enterprise blockchain and cryptocurrency solutions for global payments, has announced the
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After the launch of the testnet, Polkaswitch will focus on the launch of its mainnet, user onboarding, Ethereum bridge integration, and final product launch.Several new technologies have sprung up in the crypto space, leading to exciting new projects. As a result of this, the DeFi space is seeing an increase
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With a liquidity mining program set to launch on Monday, Aave could be on the cusp of becoming the dominant decentralized finance (DeFi) ledning protocol. Earlier today, Aave Improvement Proposal (AIP) 16 reached quorum, meaning that starting on Monday, 4/26 liquidity providers and borrowers in Aave’s USDC, DAI, USDT, GUSD, ETH,
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