Category: MakerDAO

DeFi Explosion: Binance DeFi Index Hits ATH as Total Value Locked Eyes $25 Billion

DeFi Explosion: Binance DeFi Index Hits ATH as Total Value Locked Eyes $25 Billion

The decentralized finance sector continues to grow with an impressive all-time high of over $24 billion locked. Additionally, the Binance DeFi Composite Index, measuring the performance of numerous DeFi coins, also marked a new ATH today. Binance DeFi Index To New Highs Launched in August 2020, the DeFi Composite Index tracks and measures the performance […]

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Balaji Srinivasan, Gitcoin co-founder back $750K seed round for decentralized notification system on Ethereum

Balaji Srinivasan, Gitcoin co-founder back $750K seed round for decentralized notification system on Ethereum

The team behind a decentralized notification protocol Ethereum Push Notification Service (EPNS) has raised $750,000 at a valuation of $5 million, the startup announced on Tuesday.  The India-based service received backing from several investors in the web3 ecosystem,  including former Coinbase CTO Balaji Srinivasan, former head of smart contracts at MakerDAO Mariano Conti and Gitcoin […]

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Governance Roundup: What DeFi protocol communities are discussing and debating

Governance Roundup: What DeFi protocol communities are discussing and debating

Quick Take In addition to major feature launches, many protocols have minor parameter decisions (e.g. changing interest rates in MakerDAO) that must be made by token holders Most of the governance happens on forums, where users submit proposals and ideas, and community members give their feedback The first layer of voting is typically informal to […]

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Bitcoin Defi: Smart Contract Platform RSK Integrates ETH-Based Stablecoin DAI

Bitcoin Defi: Smart Contract Platform RSK Integrates ETH-Based Stablecoin DAI

On October 6, 2020, the RIF (RSK Infrastructure Framework) development team announced that the Makerdao project’s DAI stablecoin is now available via the smart contract protocol RSK. According to the software engineers, RIF developers leveraged the RSK-Ethereum token bridge and individuals can now utilize the Ethereum-based stablecoin across a myriad of decentralized applications (dapps).The Bitcoin […]

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RSK & RIF Bitcoin Sidechain Integrates DAI to Further Connect To Ethereum’s DeFi

The DeFi space continues to expand as the total value locked in protocols has recently almost hit $11 billion. More interestingly, BTC value locked in DeFi is also on the rise as there are currently around 141,000 bitcoins locked in various lending protocols. RSK’s infrastructure framework (RIF) has recently integrated Maker’s DAI stablecoin into its […]

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Stablecoin Supply Doubles in 3 Months as Combined Market Cap Surpasses $20B

Stablecoin Supply Doubles in 3 Months as Combined Market Cap Surpasses $20B

2020 has been the year of stablecoins, as the token supply has doubled in the last three months. The aggregate market capitalization of 28 stablecoins captures over $20 billion on October 4, 2020. While tether still dominates the stablecoin ranks, USDC has been moving closer toward the top ten crypto coins. USDC is also the […]

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A compilation of 37 DeFi charts

A compilation of 37 DeFi charts

Quick Take This research piece is a compilation of different metrics across projects — including stablecoins, lending, DEXs, derivatives, privacy solutions, and more. Since May 1st, the total value locked in decentralized finance has grown from under $1 billion to $11.1 billion today. The fastest growing area of DeFi has been decentralized exchanges, which have […]

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“Actual” Total Value Locked in DeFi is Only About 50% of Reported Value: Analyst

Reportedly, the recursive compounding of collateral on different DeFi project using the same initial capital tends to inflate the value locked in DeFi by almost 50%.  Data analytics websites reporting the ‘total value locked’ in DeFi, determine the value by analysing individual projects. However, the ecosystem has remarkable interoperability. DAI loaned in one project is […]

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