Cryptocurrency Analysis and News Portal
Compound, a DeFi lending market, recently released a Q3 report, a first within the industry. The report highlighted that when token incentives were factored in, protocol earnings were negative. Compound has essentially been trading equity to rent liquidity that may or may not be sticky when it eventually decides to
Read More
One Of The Many Case Uses Of Solana’s Alfprotocol Alfprotocol is created to cater to traders with different appetites for risk aversion. In essence, it provides leveraged and non-leveraged products that would suit both new and experienced traders in a decentralized ecosystem that is powered by Solana, a robust blockchain suitable
Read More
Decentralized applications (dapp) are becoming a popular technology in the investment market, especially when it comes to cryptocurrency. What makes dapp different is that even though they offer a similar layout and functionality to a standard phone and web application, they do not run on corporate servers. Instead, dapps run on
Read More
BlockFi has maintained that its product is not a security. But securities regulators appear to disagree. Earlier this year, a bevy of state-level agencies opened investigations into BlockFi, which would make the SEC only the latest force to give a look. Source
Read More
The yield comes from the staking of the city’s own cryptocurrency, MiamiCoin, which was introduced early this year and has already earned over $21 million in the past three months for Miami. Suarez noted that if you were to annualize that revenue, it would equal roughly one-fifth of Miami’s total
Read More
“Some of these guilds are literally using spreadsheets to keep track of their players’ earnings,” Jay Chang, co-founder of Genopets, told CryptoX in an interview. “Our system saves everyone time, and lets the guilds focus more on other things, like the educational component.” Source
Read More
Over the past six months, Curve has made just $34.1 million in swap fees, even though it has $16.5 billion in TVL on Ethereum’s main network and has kept its trading volume consistently high. Curve and its liquidity providers make $0.40 on every $1,000 in trading volume, compared with another
Read More
Solana-based decentralized finance (DeFi) app Tulip raised $5 million in a bid to expand its yield aggregation and crypto lending products.The seven-month-old protocol, which at press time held over $800 million in cryptossets, said Jump Capital and Alameda Research led the “strategic investment.” Tulip recently rebranded; it won a $25,000
Read More
Digital-asset platform SEBA Bank has introduced a product that will allow clients to earn yield on their crypto holdings.The Zug, Switzerland-based firm’s SEBA Earn will let institutions generate income from proof-of-stake protocols such as Polkadot, Tezos and Cardano, with other networks being added over time.The platform will also enable investors
Read More
Yield Guild Games (YGG), a decentralized gaming startup, said it invested $175,000 in Merit Circle to help “bring play-to-earn to the masses.”YGG said it will work with Merit Circle, also a decentralized autonomous organization (DAO) focused on gaming, to expand its play-to-earn scholarship model that is focused on developing countries.YGG
Read More