DAI

Enjoy the Euromania Lottery with DAI and USDT

Source Node: https://cryptoverze.com/enjoy-the-euromania-lottery-with-dai-and-usdt/

Time Stamp: July 7, 2021 11:02 AM - Modified On: July 7, 2021 - Published By:

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1xBit, a multi-currency crypto sportsbook, adds DAI to the list of the supported cryptocurrencies where the new coin meets another trailblazing stablecoin – USDT. What is the difference, and which is closer to you? Let’s find out! DAI and USDT: The Trailblazing Stablecoins The both stablecoins correspond the price of US Dollar, another common thing is that creators made the coins to foster transparency and security. So, what’s different? USDT is the oldest stable coin that has become highly relevant in the marketplace. The major idea behind its establishment in

Growth DeFi (GRO) Review: Solving Impermanent Loss

Source Node: https://www.coinbureau.com/review/growth-defi-gro/

Time Stamp: December 25, 2020 11:54 AM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

Growth DeFi is a new decentralized finance platform looking to improve on the DeFi experience. Built on top of the already successful Aave, Mooniswap, and CURVE protocols the platform seeks to allow its users to maximize the yields they earn as liquidity providers.This hands-off approach to investing in the cryptocurrency space is becoming increasingly popular, so let’s look at Growth DeFi and see if they have what it takes to become a dominant player in this increasingly crowded DeFi space.What is Growth DeFi?The platform is clear in its intention to

NFT Digital Art Collection Sells for Almost $800,000

Source Node: https://beincrypto.com/nft-digital-art-collection-sells-for-almost-800000/

Time Stamp: December 14, 2020 5:45 AM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

We’ve just witnessed the biggest purchase of a blockchain-based digital artwork collection in history, smashing the previously held record by hundreds of thousands of dollars. The artist behind this historic sale is Mike Winkelmann who works under the moniker ‘Beeple.’ The auction for the BEEPLE: EVERYDAYS 2020 collection, which Winkelmann refers to as ‘THE COMPLETE MF COLLECTION,’ is a one-of-one curation of all the digital art creations Beeple made in 2020. When all was said and done, the collection sold for a massive $777,777.77. The auction took place on the

Yearn Finance’s YFI Token Hits Five Figures, Closing in on BTC Price

Source Node: https://beincrypto.com/yearn-finances-yfi-token-hits-five-figures-closing-in-on-btc-price/

Time Stamp: August 19, 2020 3:10 AM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

As DeFi tokens continue to lead crypto markets ever higher, some such as Yearn Finance’s YFI token are making monumental gains, but is it all for the whales only? With a very limited supply of just 30,000 tokens, demand for YFI is palpable. A single token now costs almost as much as one BTC and it does not seem to be slowing down. The high-flying token is the basis of the Ethereum-based DeFi yield aggregator Yearn.Finance, which allows users to maximize returns and earn interest on crypto collateral while saving

Ham to Improve on Yam With Latest DeFi Experiment

Source Node: https://beincrypto.com/ham-to-improve-on-yam-with-latest-defi-experiment/

Time Stamp: August 18, 2020 1:13 PM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

The Yam yield farming frenzy that took DeFi by storm last week highlighted a number of elements that could have been improved with the launch. A new offering called Ham aims to right the wrongs and improve on Yam with a truly community-driven project. There were several flaws with the Yam launch, but the ultimate reason was that it had to be rescued by whales. This pretty much negates any progress made on the path to becoming a truly democratic and community-governed monetary system. A migration plan proposed late last

Defi Is Coming to Qtum as Ethereum Rival Launches $1M Defi Dev Fund

Source Node: https://bitcoinist.com/defi-is-coming-to-qtum-as-ethereum-rival-launches-1m-defi-dev-fund/?utm_source=rss&utm_medium=rss&utm_campaign=defi-is-coming-to-qtum-as-ethereum-rival-launches-1m-defi-dev-fund

Time Stamp: August 17, 2020 3:11 PM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

Blockchain smart contract network Qtum has become the latest ecosystem to woo Ethereum developers. Unlike many of its rivals, however, Qtum can boast compatibility with Ethereum’s EVM, meaning developers can port projects directly over. On August 17, the Qtum Foundation announced a $1 million DeFi development fund that will be allocated to solo devs and teams seeking to create scalable DeFi dApps. Qtum is not the first blockchain platform to lay down the red carpet to DeFi devs; Matic Network recently issued a similar call, with a generous grant program

What is Flexa Coin? A Guide to FXC Token

Source Node: https://www.asiacryptotoday.com/flexacoin-fxc/

Time Stamp: August 9, 2020 4:16 AM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

A look at the Flexa project, its background, history, and its native asset, Flexacoin. We will also talk about its underlying protocol, as well as its role in the Decentralized Finance (DeFi) field. The Flexa project claims to be the “simplest and safest way” to allow retail usage of crypto-currencies today. This DeFi project has acquired its reputation and value by enabling different crypto-assets to be used for payments on its digital wallets. And these are done in an instant and highly-secure manner for users and merchants alike. Built on

Yield Farming Fuels Buzz Around DeFi, but Fundamentals Are Lagging

Source Node: https://cointelegraph.com/news/yield-farming-fuels-buzz-around-defi-but-fundamentals-are-lagging

Time Stamp: August 9, 2020 3:00 AM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

The hype surrounding decentralized finance is sometimes credited with triggering a wider market rally in July, as new protocols began releasing tokens that were immediately posting gains of many times their initial value. Despite undeniable price growth, however, it is not immediately clear if the sector as a whole has grown, as reliable metrics to measure the fundamental performance of DeFi protocols are incredibly hard to come by. The projects lend themselves to fairly rigorous analysis methods, as they will often have well-defined revenues and expenses. But the rise of liquidity

InstaDapp Guide: Bridge to All DeFi Platforms

Source Node: https://www.asiacryptotoday.com/instadapp-guide-bridge-to-all-defi-platforms/

Time Stamp: August 5, 2020 11:21 PM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

One of the drawbacks of decentralized finance (DeFi) protocols today is that you need different platforms to perform specific functions instead of having them all in one place. And that’s the problem that Instadapp is trying to solve. Instadapp is a DeFi platform that provides users and developers with a single point of integration to access all the DeFi protocols. As we are in the early days of the decentralized web, Instadapp aims to be a window into multiple DeFi services — tools that make transactions of crypto assets easier.

mStable DeFi Guide: Ultimate Stablecoin Solution

Source Node: https://www.asiacryptotoday.com/mstable/

Time Stamp: August 4, 2020 10:44 AM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

mStable is a newly launched DeFi protocol aimed at streamlining the application of stablecoins in a unified ecosystem it aims to create. There are many projects that seek to increase the adoption of cryptos by linking them to traditional financial systems. Stablecoins, for one, have been created to do just that. Using blockchain and smart contracts, the crypto community has devised a way to make digital asset representation of fiat currencies. But even behind the recent developments surrounding stablecoins, a concern still remains: the assets that back the number of

The Scam and Fall of YFI Clones

Source Node: https://beincrypto.com/the-scam-and-fall-of-yfi-clones/

Time Stamp: August 3, 2020 11:44 AM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

After the success of yEARN finance (YFI), a yield farming token which saw a rise in price from $35 to over $4000, a number of cryptocurrencies are trying to copy its success. These include the likes of YFFI, YFII, and Asuka, however, they’ve all witnessed 100% drops and a conspicuous exit scam. Encouraging Words Fueled by DeFi platforms where any token with an address can be traded for anything else, these are the days of Wild West token swaps. To clone the YFI token, developers only had to copy code

Weekend Market Action Signals DeFi-Driven Bull Market Has Arrived

Source Node: https://beincrypto.com/weekend-market-action-signals-defi-driven-bull-market-has-arrived/

Time Stamp: August 3, 2020 4:01 AM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

This weekend’s epic crypto market momentum has been a remnant of the volatile action witnessed in late 2017. Ethereum has been in the driver’s seat, but instead of the ICO-saturated market of yesteryear, DeFi platforms are now dominating the sector in 2020. Cryptocurrency markets have reached their highest levels this year in terms of total market capitalization. Trouncing February’s highs of $300 billion, the total market cap surged to $360 billion this past Sunday. The figure has yet to top the 2019 peak in mid-June when the total cap exceeded

NFT Digital Art Collection Sells for Almost $800,000

Ham to Improve on Yam With Latest DeFi Experiment

What is Flexa Coin? A Guide to FXC Token

Yield Farming Fuels Buzz Around DeFi, but Fundamentals Are Lagging

InstaDapp Guide: Bridge to All DeFi Platforms

mStable DeFi Guide: Ultimate Stablecoin Solution

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