$USDC

Latest DeFi Flavor ‘Pickle’ Aims to Alleviate Stablecoin Volatility

New DeFi yield farming platforms have been coming thick and fast over the past month or so with new opportunities popping up almost every day. The latest offering garnering attention is Pickle Finance which aims to help mitigate the relative instability in stablecoins. The majority of DeFi doppelgangers do mostly the same thing with a few slight variations. Essentially, offering a worthless governance token as an incentive to lure liquidity providers. In some cases, the token performs well for some time, while others dump just as quickly as they pump.

YFValue Protocol: What is $YFV?

A brief report on the YFValue protocol, its background/history, value and mission, audit status, yield farming pools, and the YFV token. Yield farming and liquidity mining projects have been the new DeFi craze lately, especially aggregators. The popularity of yield farming aggregators arises from the fact that they automatically switch users’ funds among the best sources of generating income. The first project to kickstart this chain reaction was yearn.finance (YFI).  YFValue Protocol is a fork of yearn.finance. It was born out of the idea that the DeFi playing field wasn’t

Stablecoin market cap increases by $100M every single day

The rise of DeFi protocols and the demand for tokens in liquidity pools may be contributing to a huge surge in the supply of stablecoins.According to an Sept. 3 tweet from Coin Metrics co-founder Nic Carter, the current supply of stablecoins Binance USD (BUSD), Dai (DAI), HUSD, Paxos Standard Token (PAX), USD Coin (USDC), USDK, Tether (USDT), USDT_ETH, and USDT_TRX has been increasing by roughly $100 million daily for almost two months.“Everyone got so excited about DeFi no one pointed out that stablecoins have been adding $100m/day since mid-July,” said

What is YFII? A Guide to the Decentralized Mining Pool

YFII is a DeFi protocol that facilitates yield aggregation and uses a token halving model to ensure equitable distribution of tokens. It is a fork of YFI. Decentralized lending is the driving force behind decentralized finance (DeFi) projects. Those who provide liquidity to these projects earn interest through yield farming or liquidity mining. Some DeFi networks have their own token that increases rewards to yield farmers. Others like YFII have been forked from other protocols to prevent a reduction in pool liquidity through a scheduled halving model. In the Chinese

Tether surpasses XRP by market cap again

Tether (UDST), the world’s largest stablecoin by market capitalization, is again outperforming major altcoin XRP.On Sept. 1, Tether surpassed XRP as the third-largest cryptocurrency by market cap, becoming the second-largest altcoin after Ether (ETH).As of press time, USDT market cap accounts for more than $13.4 billion, according to data from crypto analytics website Coin360. XRP is now the fourth-largest coin by market cap at $13 billion.The latest movement in ranking is not new to the crypto market in 2020. Tether outstripped XRP as the third-largest crypto in May 2020.Both cryptocurrencies