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Defi Finance Redefined: DeFi ‘Godfather’ Cronje quits, CAKE launches $100M venture arm and more

In this week's DeFi newsletter, we will look at the Andre Cronje debacle, the Polygon upgrade, the rise of ThorChain and the growing value of the DeFi ecosystem with synthetic assets.

2022-03-11 18:00

Defi Polygon network suffers from extended service outage after upgrade

The Polygon layer-2 scaling solution for Ethereum has not produced new blocks since 5:54 pm UTC. The team has assured the public that funds are safe while a bug is fixed in the network’s consensus layer.

2022-03-11 05:58

Defi Ethereum gas fees drop to lowest levels since August 2021

According to Coinmetrics data, the seven day moving average cost of an Ether transaction dropped down to $11.14 on March 9.

2022-03-10 06:33

Defi KyberSwap DEX launches on later two network Arbitrum

KyberSwap decentralized exchange has launched on the Arbitrum layer-2 scaling solution for the Ethereum network. The move is meant to help users bypass expensive transaction fees and network congestion on Ethereum.

2022-03-07 05:25

Defi Layer 2 address activity slows, but Arbitrum bucks the trend

The Arbitrum L2 network has seen an increase in on-chain active addresses over the past week while similar networks have been in decline.

2022-03-01 04:15

Defi Finance Redefined: 1Password partners with Phantom, and Stark deploys nine DApps, Feb. 18–25

1Password partner with Phantom on security initiative, StarkNet deploys nine dApps to advance adoption, and Celsius launch lending service on Maple Finance

2022-02-25 18:00

Defi StarkNet now open for DApp deployment on Ethereum mainnet

StarkWare’s co-founders talk DApps, scaling and Web3.

2022-02-23 14:30

Defi Avalanche growth sparks third-party cross-chain bridges

Avalanche launched its own official Ethereum bridge in 2021, but that didn't stop third parties to introduce their own cross-chain products.

2022-02-17 10:12

Defi 18.36M Ethereum addresses joined the network in 2021

Ethereum enjoyed tremendous growth of active addresses with a non zero balance in 2021, adding 1.53 million new addresses per month. But competition for transaction volume with sidechains is growing.

2022-02-16 04:51

Defi Hashstack launches Open protocol testnet, offering under-collateralized loans

Harmony-backed Hashstack Open protocol to open beta testing for its lending solution.

2022-02-07 21:15

Defi Gas-free transactions will revolutionize Web3

By simplifying the Web3 user experience and lowering the entrance barriers, the decentralized future will become our present, and it will happen sooner.

2022-02-05 02:11

Defi BitDAO launches $200M zkDAO to advance Ethereum scaling via zkSync

The DAO has also allocated a portion of the funds toward other projects in the DeFi, NFT and blockchain gaming spaces.

2022-01-27 13:00

Industry 3 possible reasons why Polkadot is playing second fiddle in the L1 race

The timing of parachain auctions and the lack of interoperability with Ethereum may have impacted Polkadot’s token price and its competitiveness against other layer-1 protocols.

2022-01-22 21:05

Industry Down, but not out: Here’s why Theta could be a breakout star in 2022

THETA price is more than 73% down from its all-time high, but there are still a handful of reasons why traders might consider keeping an eye on the project.

2022-01-17 20:28

Defi Secure DApp built on Solana reinvents cryptocurrency trading

As DEXs rise in popularity, the world continues to seek out secure and easy-to-use solutions for their digital currency transactions

2022-01-13 19:29

Defi Fully-featured crypto wallet speeds up the DeFi experience

User experience is a make-or-break factor for DeFi adoption; fortunately, a wallet may be the bridge needed to overcome this barrier

2022-01-11 14:57

Industry 5 NFT marketplaces that could topple OpenSea in 2022

OpenSea surged as the reigning NFT marketplace in 2021 despite community criticism. Here are five rivals that could potentially top it in 2022.

2022-01-09 22:30

Defi Adjusted risk-tranching product provides different levels of risks tolerance combining several assets in portfolio

Current DeFi liquidity providers are exposed to various outcomes driven by complex code along with extreme market volatility and focused economic attacks

2022-01-06 14:00

Defi Polygon upgrade quietly fixes bug that put $24B of MATIC at risk

The major bug on Polygon reportedly put more than $23.6 billion worth of MATIC at risk, and a hacker managed to siphon 801,601 MATIC before the issue was resolved on Dec. 5.

2021-12-30 01:20

Industry A tale of two NFTs: Could Bored Ape Yacht Club flip CryptoPunks?

Crypto Twitter has been discussing whether the Bored Ape Yacht Club floor price will eventually flip CryptoPunks, but what are the key factors driving the discussion?

2021-12-18 21:05

Industry Small Ethereum investors increase exposure as ETH loses $4K level

Ethereum's native token Ether (ETH) has dropped over 18% after establishing an all-time high around $4,867 on Nov. 10, now trading near $3,900. Nonetheless, the plunge has not deterred retail investors from buying the token in small quantities.

2021-12-13 16:25

Defi Nifty News: Pepsi’s debut drop, 1inch expands P4 Metaverse and Tom Brady gifts NFTs

Pepsi x VaynerNFT; 1inch x Parts of Four, Tom Brady gifts NFTs on Autograph; Pantone x Tezos

2021-12-10 22:00

Defi Enso mounting 'vampire attack' on six crypto index projects

The Enso Finance social trading platform announced intentions to perform a vampire attack on six crypto index protocols in an effort to increase its visibility and its TVL.

2021-12-08 04:35

Industry Got crypto? Here are 3 software wallets for storage, staking and swapping

“Not your keys, not your coins” is short for “Don’t leave your crypto on exchanges.” Here are three soft wallets that are trusted by millions of investors.

2021-12-03 23:05

Defi IDEX to launch hybrid liquidity decentralized exchange on Polygon

The DeFi market is currently recording an all-time high $277.96 billion in total value locked led by Curve Finance and MakerDAO.

2021-12-01 14:45

Defi Ethereum privacy protocol Tornado Cash to launch on L2 Arbitrum

Tornado Cash ETH mixer protocol is ready to deploy on the Arbitrum L2 network so that users can perform private transactions faster and at a lower cost than on Ethereum L1.

2021-11-30 06:08

Defi Bancor introduces new staking pools and instant impermanent loss protection

Bancor has given its first preview of the long-awaited Bancor 3 update that is aiming to vastly improve its liquidity pool offerings and gas fees.

2021-11-30 04:55

Industry ConstitutionDAO: PEOPLE price pumps 200% as new ‘We The People’ token unveiled

PEOPLE, the governance token of ConstitutionDAO, soared in value by near 200% in just 24 hours despite its trading volumes falling through the cliff in the same period, data on CoinMarketCap shows.

2021-11-25 13:40

Industry Airdrop rumors result in a swarm of activity on MetaMask Swap and Polygon

Airdrop hunters flocked to MetaMask Swap and the Polygon network in an effort to qualify for a possible token distribution from the popular cryptocurrency wallet provider.

2021-11-18 21:35

Industry Traders expect Ethereum price to drop further ahead of Friday’s $550M options expiry

$550 million in ETH options expire on Nov. 19 and derivatives data suggest bears will apply more downward pressure to Ethereum price.

2021-11-18 20:25

Industry Decentralized network develops solution in support of a free and open internet

Blockchain combined with VPN and Tor technology may be the key to an anonymous future

2021-11-16 17:48

Industry The power of cheap transactions: Can Solana's growth outpace Ethereum?

As the Solana network supports smart contracts, decentralized finance applications have found a home on it.

2021-11-16 17:05

Industry A dual-ledger layer-one plans to supersede Ethereum and Solana by solving the blockchain trilemma with a ‘feeless paradigm’

Using radically new protocol infrastructure, a decentralized network plans to eliminate the need for trade-offs between usage cost, scalability and security

2021-11-16 12:00

Industry Bitcoin and Ethereum focused trading platform launches retail investment product for a competitive APY

With increasing volatility in the crypto markets, investors are looking to lower risk exposure to the top-performing cryptocurrencies

2021-11-15 17:00

Industry DeFi’s quest to reimagine finance must come from a community-based design

DeFi lending should learn from everyday people across the world utilizing community-centric methods for finance.

2021-11-13 18:33

Industry Limit order protocols offer more flexibility and efficiency to DEX traders

Decentralized exchanges aim to offer the same features as centralized exchanges but in a decentralized environment. And in some aspects, DEXs have already overtaken CEXs.

2021-11-13 11:11

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