Tag: DeFi

“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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DEX Aggregator 1inch Raises $2.8 Million in Funding Round Led by Binance Labs & More

DEX Aggregator 1inch Raises $2.8 Million in Funding Round Led by Binance Labs & More

The latest of rising stars in the DeFi sector, decentralized exchange (DEX) aggregator 1inch recently closed a funding round led by Binance Labs and other institutional players in the market, such as Galaxy Digital, Dragonfly Capital, FTX, Loi Luu, the Founder of Kyber Network, Illia Polosukhin, the Co-Founder of NEAR Protocol and others. 1inch has […]

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ETH Price Skyrockets 15% to $450 on Uniswap Following One $18-Million Transaction

ETH Price Skyrockets 15% to $450 on Uniswap Following One $18-Million Transaction

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Chainlink Competitor Band Token Grows 300% in 7 Days Setting New ATH

Chainlink Competitor Band Token Grows 300% in 7 Days Setting New ATH

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Is Unequal Distribution of DeFi Tokens Threatening to its Security?

Is Unequal Distribution of DeFi Tokens Threatening to its Security?

The essential component of cryptocurrency or DeFi, especially, is non-custodial management and security of value. However, while decentralized governance systems are in place, the reality of the degree of control in DeFi is far from it.  In an analysis of yearn.finance (YFI) governance and decentralization, Hasu (alias), market researcher of Deribit Exchange notes that, … […]

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