Some subjects are too complex for our short attention spans, so we do 4 posts one week apart, each one short enough not to lose your attention but in aggregate doing justice to the complexity of the subject. Stay tuned by subscribing. The reason to pay attention to DeFi is a) capital is flowing into…
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The arrival of institutional investors and the rise of decentralized finance (DeFi) has been an incredible boon for the entire cryptocurrency sector but it has also highlighted a number of persistent limitations that many blockchain networks encounter when faced with surges in activity and the need to scale. High fees and slower transaction times on…
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Loyal Finance Redefined readers: Hi, I’m Andrew. My inestimable colleague Andrey, the previous compiler of this newsletter, is stepping away from Cointelegraph in order to build [REDACTED], leaving me to take over lettering the news. While I’m thrilled he’ll be keeping around the DeFi ecosystem, I’m also infuriated that there’ll be yet another gigabrain trading…
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PancakeSwap, a syrupy rabbit-themed decentralized exchange that calls the Binance Smart Chain its home, has surpassed the entire Ethereum network in terms of transaction volume over a 24-hour period. Data courtesy of DappRadar shows over 2 million transactions for PancakeSwap compared with 1.55 million for Ethereum. At the same time, Binance Smart Chain reported over…
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Leading decentralized exchange Uniswap has taken a step closer to launching its highly anticipated “V3” iteration, announcing the successful deployment of V3’s smart contracts to all Ethereum test networks. In an April 21 announcement, Uniswap Labs confirmed that the protocol’s V3 core and periphery smart contracts have been deployed to all major Ethereum testnets —…
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Decentralized lending and stablecoin protocol MakerDAO has opened governance voting to allow new tokens as collateral. A number of new collateral types have been proposed for MakerDAO, potentially increasing the number of digital assets that can now be used to mint its stablecoin, DAI. Voting began on April 19 and will run for fourteen days.…
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Uniswap’s decentralized exchange set a new weekly volume record on Tuesday, with cumulative transactions exceeding $10 billion amid the ongoing DeFi boom. CEO Hayden Adams tweeted the milestone on Tuesday, with an accompanying chart showing a 25.7% weekly increase in volumes. If Uniswap managed to maintain its current pace, it would process over $500 billion…
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Democratizing finance has been a dominant theme in recent years — with companies vying to create a level playing field and give amateur investors the same opportunities that hedge funds and institutional investors enjoy. There have been some successes along the way. Purchasing stocks is a lot easier now than it was a few years…
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Fire up your tractors: the farmer’s almanac of decentralized finance (DeFi) is indicating that DeFi Summer 2.0 could feature some healthy yields across the ecosystem. Multiple common metrics used to gauge the health of the DeFi space are pointing towards a looming bull market, but perhaps most promising of all might be the surge in…
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Pendle Finance, a DeFi 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. The private investment round included contributions from several companies, including CMS, DeFi Alliance, Lemniscap, Hashkey Capital, imToken and Spartan Group, among others. The…
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