Tag: DeFi News

Aave Technical Analysis: LEND Flashing Sell Signals, Downside Eyes $0.5

Aave is on the verge of a descending wedge breakdown, emphasizing the bearish grip. LEND/USD to seek support at the 50 EMA and the range between $0.50 and $0.45 if selling pressure mounts. Aave currently holds the third position in decentralized finance (DeFi) as far as the total value locked is concerned. Data by DeFi […]

Continue Reading

Aave Proposes to Migrate LEND Fully to New Token AAVE on New Governance Platform

Aave Proposes to Migrate LEND Fully to New Token AAVE on New Governance Platform

Leading DeFi protocol Aave launched the mainnet of its governance platform on September 26 as it takes a step further towards fully embracing decentralization and community governance. With the release of Aave Governance’s mainnet, the Aave team has also finally unveiled its very first, official Aave Improvement Proposals (AIP) for voting. Aave users will vote […]

Continue Reading

Uniswap Updates: New Widget Allows Users to Trade on Twitter via Uniswap & Is Uniswap Truly Decentralized?

Uniswap Updates: New Widget Allows Users to Trade on Twitter via Uniswap & Is Uniswap Truly Decentralized?

Uniswap has become the DeFi platform to beat in recent months, and its namesake UNI token is one of the most covetable crypto assets this year since its launch a little over a week ago. With this in mind, Maskbook (Mask Network), unveiled an innovative trading widget which allows Twitter users to view token data […]

Continue Reading

Crypto Custody Firm Anchorage Offers Support for 5 More DeFi Tokens

Crypto Custody Firm Anchorage Offers Support for 5 More DeFi Tokens

Anchorage, which specializes in digital assets custodial services, is taking on some of the larger DeFi tokens in the market currently, including Aave (LEND), Balancer (BAL), yearn.finance (YFI), Nexus Mutual (NXM) and of course, the recently launched Uniswap token, UNI. These offerings add onto the portfolio that Anchorage has already established with regards to DeFi, […]

Continue Reading

Crypto Custody Firm Launches DeFi Smart Contract Safeguards in Custodial Firewall

Crypto Custody Firm Launches DeFi Smart Contract Safeguards in Custodial Firewall

Crypto custody firm Trustology has rolled out a solution to combat the risk of smart contract security breaches in DeFi protocols. In the fast-paced and rapidly growing DeFi sector, unaudited protocols written by anonymous project owners and developers are aplenty and yield farmers often jump into new projects without fully understanding the risks they present. […]

Continue Reading

CoinGecko Survey: Yield Famers Not Concerned with DeFi Protocol Smart Contracts, Only with Liquidity

CoinGecko Survey: Yield Famers Not Concerned with DeFi Protocol Smart Contracts, Only with Liquidity

Yield farming has ballooned into a formidable sector all on its own under DeFi and for good reason. In a high volatility market such as crypto, capturing money-making opportunities and finding areas of high liquidity are paramount, so it is no wonder that yield farming almost guaranteed rewards and high liquidity providers has attracted swarms […]

Continue Reading

“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 […]

Continue Reading