xSigma is an upcoming stablecoin DEX protocol developed by the first DeFi project backed by a NASDAQ-listed company. In order to attract liquidity providers to supply their stablecoins to the decentralized exchange, the protocol will feature a lucrative rewards system for liquidity mining. The project recently finalized its smart contract and today released its whitepaper […]
Quick Take ParaFi Capital is an investment firm focused on blockchain technology and decentralized finance markets The firm was one of the earliest investors and participants in DeFi protocols, in which it began to focus specifically on that sub-sector in 2018 strategically In total, the firm has deployed capital to at least 22 startups and […]
The Defi revolution has brought about a new world of opportunities for crypto investors, but major improvements are still needed in the current ecosystem. For example, the most popular coin swapping service today is dependent on ethererum and its ridiculously high gas prices. Nimera Swap offers a solution to this problem with a DeFi exchange […]
Quick Take Uniswap’s liquidity mining program came to an end Monday night. Community members are scrambling to come up with a new proposal, highlighting the challenges of decentralized governance. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block.
Quick Take Influential Rarible users have figured out how to game its platform via “wash-trading.” Some artists say “verified” users with large followings have gained a significant advantage. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block.
The latest data from Coingecko shows that the combined trading volumes of cryptocurrency exchanges went up by $155 billion between July and September, from $175.7 billion to $330.6 billion. The new total volume represents a 88% increase which Coingecko attributes to the decentralized finance (defi) hype and yield farming frenzy that peaked in August. In […]