Cryptocurrency Analysis and News Portal
The cryptocurrency ecosystem has grown significantly over the last few years. However, the use of digital assets is only limited to tech-savvy individuals, especially from countries where cryptocurrencies are gaining more mainstream attention and status. For most of the world’s population, the concept of digital currencies seems a bit far-fetched, primarily
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Decentralized finance (DeFi) protocol Cream Finance will pay back its users following a $18.8 million flash loan hack that occurred on Aug. 30.Cream has published a post-mortem to the AMP flash loan exploit, promising to replace the stolen Ether (ETH) and Amp (AMP) tokens by allocating 20% of all protocol
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The ability for companies to create their business models by issuing tokens is advancing the FinTech industry as we know it. Tokenomics, or the token economics behind these blockchain-based assets, are completely redefining the way companies fundraise and implement business models. However, this evolution has also brought about complex regulatory,
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BENQI, an Avalanche-based lending protocol hits the $1 billion TVL milestone a few days after the launch. BENQI Hits $1 Billion in TVL BENQI, an algorithmic liquidity market protocol powered by Avalanche’s highly scalable network recently recorded more than $1 billion in total value locked (TVL) on its decentralized platform since its
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Liquidity market protocol BENQI has reached $1 billion in total value locked, or TVL, less than a week after launching on the Avalanche (AVAX) network, a major milestone that highlights the explosive growth of decentralized finance (DeFi) lending services. Benqi Finance announced the milestone on Twitter late Sunday, where it thanked
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Ethereum-based project Status has started an incentivization program for node operators around its decentralized peer-to-peer messaging protocol, Waku.In an announcement today, Status said it would be rolling out the first phase of a program to encourage people to set up and run nodes used by Waku, a private messenger based
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Chinese media reports that Audi plans to release limited-edition NFTs in conjunction with xNFT.Audi is set to release limited-edition NFTs in collaboration with xNFT. The German car manufacturer recently announced it could start minting the non-fungible tokens on the xNFT platform from August 10th. On the NFT release, Audi will also be
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Chainlink (LINK) has announced the launch of a new Cross-Chain Interoperability Protocol (CCIP) designed to facilitate seamless, cost-efficient, and secure messaging and asset transfer between numerous independent blockchains, according to a blog post on August 5, 2021. Chainlink Promoting Cross-chain Interoperability with CCIP The success of bitcoin (BTC) and Ethereum (ETH) over
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Today, the dYdX Foundation launched DYDX, the governance token for the DeFi protocol. dYdX Foundation Unveils Governance Token The dYdX Foundation, an independent not-for-profit DeFi entity based in Zug, Switzerland today announced the launch of the highly-speculated DYDX governance token. According to the announcement, the DYDX token will allow the dYdX community have
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Synthetic assets are different DeFi platform tokens that digitally represent real-life derivatives like futures and options. They are created via smart contracts on a distributed and globally accessible blockchain network. Horizon Protocol Horizon Protocol is a DeFi platform for creating on-chain synthetic assets (zAssets) based on real-life financial assets. The protocol is a
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