Cryptocurrency Analysis and News Portal
Perpetual Protocol, a DeFi project offering decentralized perpetual contracts using the layer-two Ethereum scaling solution xDai, has emerged as the sixth-largest DEX by weekly trade volume after operating for only one month.Based on data from Dune Analytics shared by Perpetual Protocol, the DEX’s weekly trade volume of more than $299
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While the Insider Protocol is built for a diverse class of users, the platform has created its tested Option X algorithm that is best suited for institutional clients.Innovation in the blockchain and cryptocurrency ecosystem is still in its infancy and any innovation such as that from the Insider Protocol is
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An upcoming DeFi project positioning itself as the best cross-chain liquidity aggregator, Router Protocol has announced a successful conclusion of its first seed funding round. The project has raised a total of $ 480,000 from a prominent consortium comprising of crypto, fintech and DeFi investors based out of Singapore, India
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There’s a decentralized autonomous organization (DAO) that lets ETH holders back Ethereum 2.0 without losing liquidity, and it wants to give its participants a vote.Until Feb. 12, ETH holders have a chance to earn some of the governance token for Lido, a new decentralized finance (DeFi) and staking protocol. There
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Built on the Ethereum Blockchain, the Benchmark Protocol aims to change the weak points of the DeFi space and connect traditional finance with the cryptocurrency market.The Inventor of the Benchmark DeFi project, a top Citibank executive, defines it as a “Supply Elastic Collateral and Hedging Device”. Accordingly, the protocol is
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Injective Protocol has introduced cutting-edge technology that would allow their traders to be able to trade forex futures on their decentralized platform.Earlier, when one thinks of forex trading, one thinks of transactions that occur usually only in traditional markets and central exchanges alone. This, however, is about to totally change
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Cover Protocol announced it’s exploring launching a new COVER token through a snapshot after its current one was abused in a minting attack by a “white hat” hacker on Monday morning.The hacker, which could be an individual or a small group, claimed responsibility for an exploit in the decentralized finance (DeFi) insurance
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Monday’s $4 million attack on the Cover Protocol, a decentralized insurance service, sent my mind to that classic nursery rhyme, There Was an Old Lady Who Swallowed a Fly.You know, the one where an unfortunate woman keeps eating ever larger animals to catch the previously swallowed animal. Decentralized finance faces a
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Origin also says its staking program will help limit its token’s circulation supply, which will benefit the project’s token economics.California-based Origin Protocol has launched its native OGN Token staking program, the company announced via a medium post. The initiative, which was launched on the Origin Dollar (OUSD) DApp, allows participants
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The traditional finance world is facing its stiffest challenge yet with cryptocurrencies. Bitcoin is beating gold and stocks
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