Latest news

  • iETH migration summary

    Over the weekend there were various updates made to the iETH staking incentive. The existing incentiveWe have been running an iETH incentive to balance out the long-ETH skew in the Synthetix debt pool, rewarding people to hold iETH. To receive rewards, they were required to stake their iETH into a staking contract, which would accrue SNX rewards that they could claim at any time. On Friday, it was looking possible that ETH might reach $315. If this happened, iETH would be frozen, as that is its … … More

  • Aave Raises $3M for Aavenomics Governance Migration

    Aave – a sector-leading lending protocol – has closed a $3M round on the back of LEND tokens in lieu of their upcoming Aavenomics upgrade. Aave looks forward to working with 3 Arrows Capital and @hiFramework on our path toward decentralization, including new tokenomics, protocol governance, and insurance fund staking to bolster the protocol’s strength in the event of deficits. Read more: https://t.co/inLe9XxJDx
    — Aave (@AaveAave) July 15, 2020 Positioning themselves as a… … More

  • KyberDAO Goes Lives with Katalyst Upgrade

    Kyber – a leading DeFi liquidity protocol – has officially launched KyberDAO as a part of their highly anticipated Katalyst upgrade. Katalyst and @KyberDAO are now LIVE! This milestone marks the beginning of an exciting era for Kyber, with a new decentralized governance system and technical improvements that will enhance liquidity for #DeFi !
    Details: https://t.co/ulWRkDsKO4Visit: https://t.co/BS41TCnFk2 pic.twitter.com/hE4fiquZsF
    — Kyber Network (@KyberNetwork) July 7, 2020 … … More

  • Nexus Mutual Launches Pooled Staking for NXM Risk Assessment

    Nexus Mutual – the discretionary mutual offering smart contract covers – has released a new staking system for risk assessment. Pooled staking is here! Our new system was built to encourage more staking, give better rewards to stakers, decrease the knowledge barrier and just make it a bit easier for our members to get involved.
    — Nexus Mutual (@NexusMutual) July 2, 2020 For those unfamiliar with Nexus Mutual, the project allows users to purchase smart contract covers to pro… … More

  • A guide to claiming SNX staking rewards cheaply

    If you’re staking SNX, you’ve probably noticed that gas prices have been extremely high recently. We’ve written this article to explain how gas works, why prices can be higher for Synthetix transactions compared to other protocols, and the details for a strategy known as “The Clinton Method” for claiming SNX staking rewards as cheaply as possible.  How gas worksGas on Ethereum accounts for two separate components: computation and demand. To pay gas for a transaction, you essentially need to pay … … More

  • Rocket Pool Shares 2.5 Upgrade – Tokenized rETH Staking for ETH2

    Rocket Pool – a rising staking provider for ETH2 – has just released a new ecosystem framework that introduces rETH – an interest-earning version of staked ETH. We’re very happy to announce Rocket Pool 2.5 – Tokenised Staking Deposits, Continuous Staking, Extra Deposit Safety and updated RPL tokenomics. Many big improvements to decentralised staking in ETH2 coming soon. https://t.co/KwW6JBeMsY #ETH #staking
    — Rocket Pool (@Rocket_Pool) May 29, 2020 The 2.5 pla… … More

  • What you need to know before staking SNX for the first time

    Staking SNX allows anyone to earn rewards by contributing collateral to the Synthetix protocol. However, there are some important things you should know before you make the decision to contribute in this way. Staking requires weekly action  You receive two kinds of rewards for staking SNX: sUSD fees generated on Synthetix.Exchange, and SNX inflationary rewards. These rewards must be manually claimed in the one transaction each fee period (i.e. once a week) or they will be returned to the pool an… … More

  • Synthetix SNX Stakers Struggle to Combat High Gas Prices on Mintr

    Synthetix – the sector leading derivatives protocol – has long been known for its variety of passive income opportunities to reward value-added contributors to the wider SNX ecosystem.
    Our more frequent readers may recall our sETH & sUSD liquidity incentive and SNX staking tutorials – both geared at helping users with any amount of capital share in the platform’s growth by receiving weekly SNX inflation.
    While things have been running smoothly with these incentive pro… … More

  • Aave Teases New DeFi Collateral & LEND Governance System

    For those who have been keeping an eye on the DeFi Pulse leaderboard, you’ve surely seen the spooky project Aave creeping into the #4 spot – recently passing Uniswap in the past 48 hours. While we’ve covered Aave extensively here on DeFi Rate in the past, we’ll be using this article to shed some light on what makes the sector rising lending protocol unique to money market protocols like Compound. We’ve seen quite a lot of attention on crypto Twitter as of late are … … More

  • New Ethereum 2.0 Report: Over 65% of All Respondents Plan to Stake Their ETH

    Download our latest user-driven report about the motivations, preferences, and concerns of ETH holders in anticipation of staking on Eth2.The launch of Ethereum 2.0 (Eth2) in 2020 presents a critical and long-anticipated industry milestone. The industry’s collective understanding of existing ETH holder motivations, sentiments, and behavioral patterns when it comes to staking (or not!) is paramount to support and catalyze the success of Ethereum’s road to Proof of Stake.ConsenSys Codefi has surve… … More