Interest rates on dai deposits have spiked on DeFi platform Compound, another ripple effect of the global financial crisis.
Bearish or Bullish? What Oil, Defi Hacks and Cash Hoarding Tell Us About Markets
As economic confusion gains ground, NLW breaks down what in the recent news is bullish and what is bearish for bitcoin and the crypto community.
Why MakerDAO Should Consider Negative Interest Rates for Dai
To keep dai near its $1 peg, the Maker community should consider negative interest rates. The cost to users may be worth it, says columnist J. P. Koning.
Weekend Attack Drains Decentralized Protocol dForce of $25M in Crypto
dForce appears to have lost control of $25 million in bitcoin and ether held in its decentralized lending protocol.
Coinbase Custody Double Downs on DeFi Governance Options
Coinbase is making it easier for its Custody clients to vote their tokens on more DeFi protocols. New tools for Compound were announced Thursday.
Morgan Creek Invests in Startup Bringing Bitcoin to DeFI
Anthony Pompliano’s investment firm has joined a seed round for Atomic Loans, a startup looking to create bitcoin-backed lending instruments.
Chinese DeFi Platform dForce Raises $1.5M From Multicoin, Huobi Capital
One of China’s largest DeFi platforms has raised $1.5 million from Multicoin Capital, Huobi Capital and CMB International to expand its product lineup.
MakerDAO Users Sue Stablecoin Issuer Following ‘Black Thursday’ Losses
A lawsuit against the Maker Foundation claims the DeFi platform “intentionally misrepresented the risks associated with CDP ownership.”
Crypto Long & Short: DeFi and Traditional Finance Are Forming an Unlikely Friendship
Many believe DeFi is the future of finance, unleashing efficiencies and creating a more transparent framework. Others find the idea terrifying.
Wrapped Bitcoin Aims to Kickstart DeFi on Tezos Blockchain
Bitcoin Association Switzerland is partnering with the Tezos Foundation and others to create tzBTC, a bitcoin-pegged token meant to power DeFi applications on Tezos.
Chicago’s Trading Firms Look to DeFi With New ‘Alliance’
DeFi may actually grow during the coronavirus crisis. TD Ameritrade, Cumberland, CMT Digital, DV Trading and Jump Trading are hoping to facilitate.
Makers of Keep Protocol Raise $7.7M to Bring Trustless BTC to DeFi
Thesis has closed a $7.7 million deal by selling its KEEP tokens to some of crypto’s top investors. Its TBTC project could get more bitcoin into DeFi.
Coinbase Pumps $1.1M USDC Into DeFi Sites Uniswap and PoolTogether
Coinbase is putting its digital dollars where the traction is. Announced Wednesday, Coinbase has deposited $1.1 million in USDC stablecoins into the pools powering two of the most popular decentralized finance (DeFi) applications on Ethereum: Uniswap and PoolTogether. The investment comes via the USDC Bootstrap Fund, which the company launched in September 2019. “With USDC, […]
Tether CTO Claims USDT Stablecoin Can Boost DeFi Liquidity
Tether CTO Paolo Ardoino believes the USDT stablecoin can boost the decentralized finance ecosystem.
Bitcoin and Ether Prices Stagnate as Traders Take Wait-and-See Approach
The March 12 crash is still fresh in crypto traders’ and fund managers’ minds, leaving some to think no trading decisions are the best decisions for now.
For DeFi’s Sake, Maker Should Take Blame for Black Thursday Losses
While the system did not technically malfunction, a confluence of factors enabled a few opportunists to win the collateral auctions despite placing extremely low bids.
MakerDAO Adds USDC as DeFi Collateral Following ‘Black Thursday’ Chaos
MakerDAO has added a third asset to its decentralized finance (DeFi) platform, USD Coin (USDC), in response to the system’s flagship stablecoin, dai, continuing to float above its dollar peg. Passed Tuesday at 2:58 UTC, the Coinbase- and Circle-backed USDC is now available for use as collateral on the premiere DeFi platform following an executive […]
MakerDAO’s Problems Are a Textbook Case of Governance Failure
MakerDAO could have planned for its “Black Swan” event last week.
MakerDAO’s Problems Are a Textbook Case of Governance Failure
MakerDAO could have planned for its “Black Swan” event last week.
Thursday’s Market Madness Strained Ethereum’s Killer App: DeFi
So many people were trying to use the Ethereum blockchain during Thursday’s market meltdown that many applications simply stopped working as intended.