Dex

This time it’s different: When DeFi meets NFTs

With decentralized finance and nonfungible tokens seeing a meteoric, rise it’s easy to believe crypto apps are finally breaking through. But is there actually real user growth, or is it just the same influencers moving from one hyped market to the next? We sought to answer this puzzle and identify what it means for the future of innovation. So, let’s take a closer look at the growth of DeFi and NFTs.DeFi is arguably the most prevalent application of smart contracts today. Automated market makers, algorithmic stablecoins and yield farming strategies

Wormhole 2.0 Mainnet Launch Links Smart Contracts

Wormhole, a Solana Labs-backed multichain connector, launched its mainnet. This new protocol aims to bring the key issue of interoperability to the forefront of the DeFi conversation. Sponsored Sponsored In a world increasingly open to innovation and fast-paced development, communication is of the utmost importance. That’s the ethos of the multichain connector Wormhole. The company intends to use its technology to make communication between different blockchains effortless.  Wormhole’s technology makes it possible for funds, votes, programs, and any other transferable information to effortlessly pass from one blockchain to the next.

DAO-led DeFi Hub NearPad Announces $2M Seed Raise 

[PRESS RELEASE – Please Read Disclaimer] NearPad, the DeFi hub on NEAR’s layer 2 protocol – Aurora, has announced the successful close of its $2m seed round. The raise was led by NGC with participation from leading backers in the blockchain space including NEAR Foundation, OWC, Ellipti, LD Capital, Flow Ventures, Genblock Capital, Exnetwork, and SuperNova Fund. NearPad has set its sight on jumpstarting ecosystem growth on Aurora through its DAO-centric protocol. “We’re excited to partner with NearPAD to help early teams fair launch,” says NEAR Foundation. “NearPAD brings the

Ethereum Rival Polkadot Launches Polkastarter DEX and Liquidity Mining

A new decentralized exchange has emerged in the already-crowded DeFi space. The platform is being offered by the Ethereum rival Polkadot network. Dec. 15 marks the official launch date of the Polkastarter DEX. The platform has been designed for cross-chain token pools and auctions, with the purpose of enabling projects to raise capital on the Polkadot network. Polkastarter was officially announced in September when the project listed its native POLS token on Uniswap. It has now gone live with the first liquidity pool offering rewards for swapping ETH for POLS.

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

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 Ferrum Network? A Guide to High-speed DeFi

Decentralized finance has risen to become one of the foremost active sectors in the crypto space. With the establishment of decentralized ecosystems with global network effects and interoperability, they have successfully penetrated the fintech industry. One very interesting  DeFi project is Ferrum Network. Ferrum’s revolutionary technology brings networks together, for a consistently high-speed and low-cost transaction experience for each digital asset. It aims to overcome current problems in cryptocurrency usage in real-world finance applications. Table of Contents Background Founder Naiem Yeganeh, along with Co-Founder and COO Ian Friend, laid the