Category: Decentralized Finance

Pomp sparks debate: Has Bitcoin DeFi project Sovryn really overtaken Uniswap v3 by TVL?

June 10, 2021

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Analysts are arguing whether the RSK-based Bitcoin money market, Sovryn, has a TVL of $52 million … or $2 billion. 12784 Total views 9 Total shares Sovryn, a BTC money market protocol built on Bitcoin-based smart contract platform RSK, recently appeared to be shooting up through the decentralized finance rankings. On June 9, Bitcoin commentator, […]

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Understanding the systemic shift from digitization to tokenization of financial services

May 30, 2021

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The financial industry has seen a rise in demand for exposure to digital — and crypto — assets in all asset classes. This has led to interest, demand and investment from institutional finance, ranging from digital asset custody to digital asset trading desks, regulatory and compliance frameworks, and audit and risk models.  It is fair […]

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Could DeFi-powered banks become an unstoppable force in finance?

May 19, 2021

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For decades, a lack of innovation has stifled the banking sector. We still live in a world where cross-border payments can take several days, and inefficient algorithms deny loans to consumers who can afford to pay them back — all because they don’t fit inelastic requirements that aren’t reflective of the 21st century. It’s been […]

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Ethereum-based DeFi platform DeversiFi raises $5M in strategic investments

May 18, 2021

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The investment round was led by ParaFi Capital alongside Defiance Capital, Lightspeed Venture Partners, Blockchain Ventures, Fenbushi Capital, OKEx, StarkWare and Longhsh Ventures. Angel investors from Synthetix, Aave and Enzyme also participated. 6413 Total views 23 Total shares DeversiFi, an Ethereum-based layer-two decentralized finance platform, has secured $5 million in strategic investments from some of crypto’s […]

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DeFi growth helps push crypto’s share of the global money supply above 2%

May 15, 2021

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This year decentralized finance (DeFi) has proven to be a transformative sector for the cryptocurrency ecosystem and it is also making waves in among global financial markets as institutional investors become entranced with the potential to earn high yields on stablecoins, altcoins and Bitcoin.  While the price action from Dogecoin (DOGE) has dominated the headlines […]

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GameStop saga paves the way for a new decentralized financial order

May 9, 2021

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Every significant transformation comes with a new toolset, one that is always surprising at the time and obvious in hindsight. Bitcoin (BTC), climate change and GameStop are all examples of ways in which mass action is pushing for dramatic, not evolutionary, action. We can also see that these are individual vectors of the same movement, […]

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DeFi hacks and exploits total $285M since 2019, Messari reports

April 29, 2021

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Decentralized finance platforms on the Ethereum network have lost about $285 million to rogue actors since 2019. 3198 Total views 31 Total shares Decentralized finan’s rising popularity since 2019 has seen the emerging market segment become a target for hackers and opportunistic profiteers. According to a report by crypto research company Messari, DeFi protocols have […]

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$50M reportedly stolen from BSC-based Uranium Finance

April 28, 2021

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Uranium Finance, an automated market maker platform on the Binance Smart Chain, has reported a security incident that resulted in a loss of about $50 million. Tweeting on Wednesday, Uranium revealed that the exploit targeted its v2.1 token migration event and that the team was in contact with the Binance security team to mitigate the […]

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Pendle Finance raises $3.5M to launch secondary market for DeFi yields

April 16, 2021

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The company is building a tokenization platform to better enable users to manage their DeFi yields. 14793 Total views 23 Total shares Pendle Finance, a decentralized finance protocol that allows users to tokenize and sell future yields, has completed a private investment round worth $3.5 million to power the next phase of its platform’s evolution.  […]

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How NFTs, DeFi and Web 3.0 are intertwined

April 10, 2021

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While blockchain itself provides the technology constructs to facilitate exchange, ownership and trust in the network, it is in the digitization of value elements where asset tokenization is essential. Tokenization is the process of converting the assets and rights to a property into a digital representation, or token, on a blockchain network.  Distinguishing between cryptocurrency […]

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