Crypto Great | Bitcoin | DeFi

2021-06-21 09:29:29 ​​Aave (AAVE)

Aave is a permissionless and non-custodial protocol where users lend and borrow assets. Since Aave can cut out the middleman, it leads to more profits for lenders and more favorable rates for borrowers.

As we’ve covered a few times, transaction fees on Ethereum have become costly as users flock to the network. To help with this, Aave is launching its lending platform on the Polygon network.

Polygon, previously known as Matic, is a scalable sidechain of Ethereum that allows for fast and low-fee transactions. By lowering the cost of transactions and opening the door to more users, Aave will generate more lending fees, benefiting Aave token holders.

Aave is also looking to attract more users to the platform. Recently, venture capital (VC) powerhouse ParaFi Capital introduced a proposal to distribute 2,200 Aave per day to lenders and borrowers to do just that. The community passed this proposal overwhelmingly. We’ve seen many protocols make moves like this in partnership with more established players to bootstrap platform usage. It’s worked well for Aave so far. In fact, since then, total volume on the platform has nearly doubled from $6 billion to $12 billion in three weeks.

Despite more Aave tokens being circulated among the new ParaFi users, we believe this will benefit the project’s long-term success as more users come to realize the power of Aave. Open / Comment

2021-06-18 11:27:00 ​​Uniswap (UNI)

Uniswap is the largest DEX on Ethereum. It allows users to trade any token on the network in a permissionless and trustless way.

To stay competitive with the dozens of DEXs launching on Ethereum’s network, Uniswap launched its V3 update earlier this month.

This new update likely ensures Uniswap will maintain its position as the No. 1 DEX on Ethereum thanks to its newest features.

Also as part of Uniswap V3, liquidity providers (LPs) can now concentrate their capital more flexibly by providing liquidity at their desired price within a range. In return, Uniswap rewards LPs with more trading fees if they provide liquidity outside the current price of the token.

LP providers can now choose the percentage of the two assets they want to provide, allowing users to choose which price range they wish to support. While there will be less volume in this price range, it can be profitable. And as a result, it’ll keep prices less volatile with more liquidity pushing them back to current prices.

Uniswap is also looking to keep its platform out of competitors’ hands. To ensure other projects can’t simply copy-paste its proprietary code, Uniswap’s V3 Core will launch under the Business Source License. The license makes Uniswap’s source code much harder for competitors to take advantage of.

Since the V3 launch two weeks ago, the protocol has attracted $1.78 billion in liquidity. As more liquidity makes its way over to V3, we expect trading volume to surge since Uniswap will once again have the deepest liquidity on Ethereum. And more trading volume will ultimately translate to more protocol fees for UNI token holders in the future. Open / Comment

2021-06-17 18:52:14 NBU token has grown 2X in a few days since launch - and it keeps rocking!

On June 17, NBU gets listed on PancakeSwap - the largest DEX on Binance Smart Chain!

Why you should get some NBU ASAP?

Amazing Arbitrage opportunities - be fast to catch them!
Access 16 earning strategies of Nimbus Platform

Stake NBU in 6 staking pools with up to 80% APY
Provide liquidity to Nimbus & stake LP tokens at 100% APY
Leverage NBU in Nimbus dApps for IPO participation, lending, startup financing and so on - even when token prices level out!
Massive NBU demand boost in Asia - hold your tokens and enjoy!

Don’t waste time - get your NBU NOW!

Go to PancakeSwap and search for NBU by smart contract address: 0x5f20559235479F5B6abb40dFC6f55185b74E7b55 - first-mover advantage is guaranteed! Open / Comment

2021-06-16 11:27:00 KeeperDAO (ROOK)

KeeperDAO aims to maximize profit for DeFi users and the “Keepers” on its network, rather than miners profiting from arbitrage opportunities.

Miners secure a network… But they can sometimes use a technique to extract profits at the expense of users by reordering transactions in a block. It lets them take advantage of the price discrepancy between the time a transaction was sent and the time a miner mined the block. This form of arbitrage is called miner extractable value (MEV).

KeeperDAO aligns the rewards of MEV with the users who created the value by redistributing it back to their pockets. This ensures KeeperDAO users keep their fair share of profits. It’s also rolling out new features to help users save money. Recently, KeeperDAO designed a soft cancel feature that allows users to cancel orders without paying gas fees. This development will be rolled out soon on the KeeperDAO exchange.

And last month, KeeperDAO made limit orders available on Bancor’s decentralized exchange (DEX) in conjunction with 0x. Thanks to transactions taking place off-chain, placing orders requires no gas. The user who eventually fills the order pays the fee.

With these updates making everyday use of DEXs easier and giving users ways to save money, it’s no wonder the daily usage is growing. We expect to see it attract even more new users going forward. Open / Comment

2021-06-14 10:24:00 ​​Compound (COMP)

Compound is a decentralized lending and borrowing protocol that allows users to borrow against their crypto assets or lend them to earn interest. Compound is one of the world’s first fully open and decentralized global banks.

Since launch, it’s consistently been among the top five DeFi protocols by TVL. This month, it was third with total value locked (TVL) over $11 billion.

This month, California-based iTrustCapital announced it was making the COMP token available through IRA/401(k) retirement accounts. iTrustCapital is the No. 1 crypto IRA/401(k) platform for offering cryptocurrencies within retirement accounts.

This is great for long-term investors who see DeFi as the future, and Compound as a huge component of it. It should also increase the price as COMP tokens are locked up for multiple years in retirement accounts, reducing supply and increasing demand. Open / Comment

2021-06-09 11:25:00 ​​Badger DAO (BADGER)

Badger DAO is building the infrastructure to accelerate the use of bitcoin in DeFi across Ethereum and other blockchains.

Projects benefit from having large amounts of liquidity available on their network. And nothing is better than BTC, the most liquid asset in cryptocurrency.

Last month, Badger DAO integrated with RenVM to facilitate products and infrastructure that will bring bitcoin to DeFi.

With this, Badger DAO users can easily convert native BTC to renBTC and wrapped bitcoin (WBTC) and/or deposit bitcoin directly into Badger DAO’s vaults. This makes bitcoin a liquid asset on the Ethereum network. And users can now unlock it with just one click.

In April, Badger DAO also partnered with Fireblocks. This will help institutions bring their bitcoin to DeFi and start earning yields on it. It’ll provide an on-ramp for the influx of interest in bitcoin from banks, corporations, and hedge funds to bring the next wave of capital into DeFi.

Badger DAO’s integration with Fireblocks enables 200-plus institutional clients to securely hold Badger assets on the Fireblocks platform. This will let them put their bitcoin to work in DeFi through the Badger protocol while adhering to strict security, operational, and regulatory requirements.

Fireblocks is helping institutions like Galaxy Digital, Genesis, Revolut, and Coinbase Pro launch digital assets, products, and services without compromising security and remaining compliant.

With companies eager to be more involved in DeFi in a regulatory-approved way, they’ll turn to Badger DAO’s new integrations. They’re exactly what institutions need to stay competitive and relevant in this new financial market. Open / Comment

2021-06-07 14:28:23 Saffron Finance (SFI)

Saffron Finance is a decentralized protocol that enables users to select custom risk profiles when lending. It does this by slicing debt pools into different layers and paying higher rates to those taking on more risk and lower rates to those taking on less risk.

Saffron launched its decentralized autonomous organization (DAO) governance system last month. This marks a pivotal moment in Saffron’s journey, where the keys to the protocol are now in the hands of the community.

And it means the community now collectively decides the direction the protocols take on, aligning their interests to community developments. Upcoming decisions the DAO might make include upgrades to the protocol, marketing ideas, hiring new developers, and resource allocations.

We’re excited to see where SFI holders decide to take the project now that the power is in the community’s hands. If other projects are any indication, they’ll likely make moves to accrue more value to the token, benefitting all token holders and attracting more investors.

With the total crypto market cap being down over 33% this month, coins like SFI have felt the selling pressure. We expect SFI to bounce back with the rest of the market after this market correction. Open / Comment

2021-06-04 15:45:26 Bluzelle 2.0 is here - The Past, Present and Future of Creator Economy

Introducing the new phase of Bluzelle 2.0, now more than a Database!

As a part of this new transformation, you'll witness new brand look, Bluzelle storage modules, fuelling NFTs, Incentivized data farming programs, high throughput and multi-chain interoperability.

Be ready as Bluzelle penetrates deeper into imbibing its core more than a advanced database solution. It is evolving to drive the future of decentralized internet.

Partnership with WrapFi is conducted!

This is just the beginning, the best is yet to come!

Community: https://bit.ly/3cf8ZcK
Website: https://bit.ly/3yRN7xP Open / Comment

2021-06-03 17:46:19 $EPSTEIN, an ERC-20 Token has seen great organic growth with 700+ holders and $5,000,000+ market cap before marketing has even started. The team claims they will be leaking never before seen video footage that has to do with Epstein. They have connections with global news outlets and will most likely make this coin go mainstream in the coming days/weeks. The team backs donations to charities to raise awareness for human trafficking too (can see a lot of people getting behind this). They are also in the final stages of being listed on Coin Gecko and CMC.

Check out their handles below:

Website: https://www.epsteintoken.com
Telegram: https://t.me/joinchat/L0x6EHQzsrcwMzMx
Discord: https://discord.com/invite/gYnByZjDTh


In all reality, we could see this token disrupting the crypto community based on its cause and the virality potential. The team seems to be very well connected. If they deliver, it will be interesting to see what happens. Open / Comment

2021-06-03 11:54:00 ​​Armor (ARMOR)

Armor is a decentralized protocol that enables users to buy insurance on their assets held in DeFi protocols. We’re still in the very early stages of DeFi. And this new technology comes with risks uncommon to traditional finance.

Because of this, many institutions and individuals are hesitant to engage with DeFi. Armor is solving this problem by bringing insurance to DeFi to help mitigate risk. As of this writing, Armor covers 42 DeFi protocols and insures over $1 billion in assets. Armor is off to a great start, and we expect usage to continue increasing with the recent update of its ArCore Smart Cover System.

This allows users to scan their wallet assets and get recommended custom plans with flexible pay-as-you-go coverage. Armor’s main focus is building an ecosystem of interoperable protocols and products to secure and scale mass adoption. These services will help individuals, as well as institutions, be more secure while exploring the DeFi ecosystem.

Additionally, Armor recently partnered with Immunefi, a premier bug bounty platform for smart contracts, to create the Armor Alliance bug bounty challenge. The challenge went live in March with a reward up to $500,000 for identifying critical vulnerabilities. Armor recently paid out the largest bounty in Ethereum’s history, worth $1.5 million, for discovering a critical network bug. This is something we love to see from projects we’re invested in. It shows they’re going the extra mile to ensure user safety.

To continue ensuring that safety, CTO of Armor Robert Forster pledged $250,000 in ARMOR tokens to anyone who discovered a flaw in any Ethereum dApp.

And it’s made good on that promise. Armor rewarded that amount to a whitehacker group called the Dedaub Team in March for finding a critical vulnerability in Primitive Finance. The group found an exploit that would allow potential attackers to create fake synthetic tokens or swap fake tokens for real ones on the decentralized options protocol. Thanks to the discovery, Primitive was able to fix the bug.

It’s a win-win solution that incentivizes “good hackers” to test protocols and make them more resilient when targeted by “bad hackers.” Vulnerabilities like this are a common part of the growing pains of DeFi, and they’re why having a protocol like Armor in this ecosystem is so important.

Now is time to buy Armor while it is under our buy-up-to-price as we are experiencing one of our usual 30–45% market corrections. Armor has already started correcting upward and is up 35% on the day. Open / Comment