June 19, 2020

Daily Archives

Latest news

  • This Week in DeFi – June 19th

    To Our DeFi Community,
    Compound’s launch of the COMP token earlier this week may have very well sparked a new trend in DeFi – liquidity mining (also known as yield farming). In case you somehow missed it, the leading lending protocol has begun distributing COMP tokens to each of the protocol’s money markets pro-rata by the total interest accrued. While many were anticipating the launch, few expected the results.
    After initially listing on Uniswap for $16, COMP tokens have soare… … More

  • Compound TVL Surges From COMP Yield Farming: Governance Decisions

    Compound – the sector-leading lending protocol – is experiencing new paradigms as a result of its COMP token distribution. Since its start on Monday, Compound’s TVL has spiked more than $300M, putting it on track to take the top position on DeFi Pulse should this growth continue. Perhaps what’s most interesting about this trend is that the vast majority of liquidity is coming from other DeFi protocols, including the likes of centralized counterparts like Nexo. To summari… … More

  • DEX Progress to be a “Landmark Event” Over the Summer: Framework Ventures

    Hello Defiers, happy Friday! This week’s interview is with Michael Anderson and Vance Spencer, co-founders of crypto venture fund Framework Ventures. Michael and Vance talk about their investment thesis, which starts out with mapping out the space, and picking out the winners in each category, with the advantage of having built a blockchain startup them… Read more … … More

  • Ren Synthetix and Curve Team Up For BTC Yield Farming

    With the launch of COMP liquidity mining earlier this week, yield farming has become a hot topic in DeFi. Users can start earning high yields across an increasingly wider range of Defi protocols in native tokens via by providing liquidity (or any value-added service) to the network. While yield farming is a newer concept to the DeFi community, we’re now seeing the ultimate yield hacking strategies emerge. Ren Protocol, Synthetix, and Curve have teamed up to launch a new incentivized liquid… … More

  • Our Network: Issue #26

    a.image2.image-link.image2-291-1456 { padding-bottom: 19.986263736263737%; padding-bottom: min(19.986263736263737%, 291px); width: 100%; height: 0; } a.image2.image-link.image2-291-1456 img { max-width: 1456px; max-height: 291px; } Click here to support Our Network on Gitcoin GrantsThis is issue #26 of Our Network, the free newsletter about on-chain analytics that reaches almo… … More

  • Our Network: Issue #26 (Part 2)

    Continued from Part 1.For every transaction that goes through Terra, a variable tax rate is charged and redistributed to staking token holders. This tax rate is designed to support a continuous increase in staking rewards so that in times of slow network growth it expands and during times of high growth it contracts. This feature was introduced with the Columbus-3 hard fork on December 13th and was held at 0.1% prior to that. It has since its introduction been climbing from 0.5% to now currently… … More

  • Tutorial: Query Your Ethereum 2.0 Validator Balance With the Infura API

    How to query validator balances programmatically with the Infura Eth 2.0 Beacon Chain API.Every day is bringing us closer to the genesis of Ethereum 2.0 Phase 0. Major multi-client testnet efforts are well underway with the current witti testnet and the upcoming altona testnet. Interest and participation in staking on these testnets continues to rise, with over 65% of all respondents planning to stake their ETH, according to a new Ethereum 2.0 Report.One of the most basic needs for those staking… … More

  • IDEA FRIDAY: Cash Balance Provenance Checks

    To investors,The German payments firm Wirecard admitted this week that Ernest & Young auditors could not locate more than $2 billion from their balance sheet. This came after the company had already postponed their 2019 annual report three separate times this year.These accounting issues don’t come as a surprise to everyone. Wirecard has long been rumor… Read more … … More

  • Friday Open Thread: Why isn’t ETH pumping?

    Friday Open Thread: Why isn’t ETH pumping?Compound’s COMP token is up 244% today. Over 900% since Monday. The last time an Ethereum use case went parabolic (ICOs 2017) ETH went parabolic with it. This time an Ethereum use case is going parabolic (DeFi 2020) but ETH is missing in action.Why?I want your take. Why isn’t ETH pumping? a.image2.image-link.image2-620-960 { padding-bottom: 64.58333333333334%; padding-bottom: min(64.58333333333334%, 620px);
    … … More