Crypto Great | Bitcoin | DeFi

2021-03-05 13:13:58 Mettalex Amplify - Live on BSC, Enjoy the Low Gas Fees

Farm anyMTLX tokens at over 275% APY in the anyMTLX:BUSD pool
Bonus Period: 72 hours from block 5167880
Rewards Pools: 250,000 anyMTLX tokens
Easy to Swap: transfer MTLX tokens between Binance Smart Chain and Ethereum using the AnySwap bridge
Extremely low gas fees
Familiar interface

How to Move BUSD from ETH to BSC
https://www.binance.org/en/bridge

Learn How to Farming in Amplify on BSC:
https://medium.com/mettalex/mettalex-amplify-live-on-binance-smart-chain-d7258cdf56d6 Open / Comment

2021-03-05 12:12:00 ​​Yearnfinance (YFI)

Yearnfinance is a DeFi protocol on the Ethereum network that enables users to deposit assets and earn the highest possible yield. It does this by using an algorithm to automatically move its users’ assets to the highest-yielding opportunities on Ethereum.

To expand Yearnfinance’s money-making capabilities, the team is making a few improvements to Yearn Vaults. These vaults are the investment vehicles of Yearnfinancewhere users deposit their assets to take part in yield-farming opportunities. Yield farming means finding the highest yield for your assets.

Yearn rolled out its vaults to V2 earlier this week. The new vaults will streamline strategy development, improve security, enable vaults to carry out multiple strategies, test them on handling different types of risk and volatility, and make it easier and safer for other projects to integrate Yearn Vaults.

These V2 Vaults will lead to a new wave of money entering the Yearnfinance ecosystem to take advantage of their moneymaking opportunities.

And since YFI token holders are entitled to a share of the profits each vault generates – as well as a 2% management fee – more vault deposits equal higher profits for them. And this ultimately translates to higher YFI token prices. Open / Comment

2021-03-03 11:35:00 Synthetix (SNX)

Synthetix is a decentralized synthetic asset issuance protocol on Ethereum. Its exchange enables anyone in the world to trade any type of asset such as forex, commodities,cryptocurrencies, and indexes.

Synthetix staking is now live on layer 2 Optimistic Ethereum (OE). OE is an Ethereum scaling solution that improves transaction speeds and reduces costs. It’s a major breakthrough in Ethereum development, since it’s fully compatible with existing smart contracts without needing to rewrite them.

Next month, Synthetix will enter the next phase of its layer 2 migration, which will allow users to exchange synthetic assets at a cheaper and faster rate. This will lead to more trading volume and more profits for SNX token holders.

Layer 2 will also bring greater possibilities to the platform, like synthetic futures and synthetic equities. This will allow it to compete against centralized exchanges like Binance and enable users to trade them around the clock, even when the stock market is closed.

2021 will be an exciting year for Synthetix as it continues launching innovative new products to attract more users to its platform. Combined with the integration of layer 2 scaling, we believe Synthetix is just getting started. So today, we’re raising the buy-up-to price to $21. Open / Comment

2021-03-01 13:06:41 ​​Celsius (CEL)

Celsius is taking market share from the big banks by giving its 330,000-plus users fair interest rates, zero fees, and lightning-fast transactions. Celsius distributes up to 80% of its revenues by paying over 21.49% interest on 35 crypto assets including stablecoins.

Since recommending Celsius in last month’s issue, total assets held on the platform have grown from roughly $3.3 billion to $5.4 billion today. It’s also on boarded nearly 100,000 new users since then.

This explosive growth is helping drive demand for CEL tokens and push token prices higher.That’s because users need to hold CEL tokens in their portfolio to earn the maximum interest.This leads to users choosing to receive interest payments in CEL tokens, creating a virtuous cycle for the project.

This feedback loop has made Celsius the largest market buyer of its own token every week to pay its users interest. In the first week of 2021 alone, Celsius purchased nearly $2.5 million worth of CEL tokens. This constant demand has helped push token prices up 92% since we recommended it last month.

And as we’re still in the early stages of crypto adoption, we’ll likely continue to see waves of new users turn to the Celsius app to earn industry-leading interest rates on their assets. For these reasons, we’re raising its buy-up-to price to $7.50. Open / Comment

2021-02-26 12:14:00 Balancer (BAL)

Balancer is a next-generation portfolio manager and AMM on Ethereum. It’s similar to Uniswap in that it uses liquidity pools to provide a DEX and gives liquidity providers a portion of trading fees for supplying their assets. Balancer separates itself by allowing users to create custom weighted pools with up to eight assets.

Balancer is overhauling its format for initial DEX offerings (IDOs). IDOs are similar to initial coin offerings (ICOs), which were famously used in 2017 as a way for new projects to raise funding.

Balancer is a superior platform for IDOs, since its liquidity pools are fully customizable,allowing new projects to pair their token with any of the 163 ERC-20 tokens on Balancer. And buyers can purchase the new token with any ERC-20 token supported on Balancer.

These customizable pools also lower the barriers to entry for new projects since they require less capital up front. This is because projects can adjust the weights in the Balancer pools from the common 50–50% weights of other Ethereum-based DEXs. In fact, the first IDO on Balancer launched its pool with a 10–90% split, meaning it only needed to fund 10% of the launch.

Soon, Balancer will have a more user-friendly interface for DAOs and make it easier for investors to buy these new projects. We believe this will lead to more projects choosing Balancer to launch their token. Open / Comment

2021-02-24 11:36:00 ​​Aave (AAVE)

Aave is a money market protocol that lets anyone in the world borrow and lend assets regardless of wealth or credit score. It runs on the Ethereum blockchain, allowing it to bypass the middleman (money managers and lenders in this case). This leads to greater yields for its users.

As opposed to the measly fraction of a percent traditional savings accounts offer, Aave pays upwards of 10% on USD stablecoins. It’s in part why users are flocking to the platform at an increasing rate.

Last month, Aave launched its V2 protocol upgrade. This upgrade brings:
Yield and collateral swaps – allows borrowers to avoid market volatility by moving the asset they’re using as collateral to a stablecoin. This would be like moving ETH to USDT as price begins to fall, which reduces the chance of getting liquidated.
Repayment with collateral – allows borrowers to repay a loan in one transaction as opposed to four.
Batch flash loans – originate and can be repaid within the same transaction. This lets users take advantage of arbitrage opportunities when market conditions exist. Now, users can borrow several currencies at once instead of just one.
Gas optimizations – cuts down on costs for the end user by up to 50%.

On top of the platform upgrades, Aave V2 means the community can now take part in governance, making the platform more decentralized. Now, stakeholders can submit proposals for changes to the platform.

These upgrades will help Aave improve its usage and attract more capital. Remember, the more assets Aave attracts to its platform and lends out, the more earnings it means for AAVE token holders.

Since we recommended Aave last month, assets held on the platform have grown 72% from$1.8 billion to $3.1 billion today. This incredible growth shows demand for Aave’s lending platform is surging. We believe Aave will continue to experience this high growth rate into2021 as the need for DeFi grows. That’s why we’re raising our buy-up-to price to $250 today. Open / Comment

2021-02-22 18:26:09 Uniswap (UNI)

Uniswap is the largest decentralized exchange (DEX) on Ethereum. It allows anyone in the world with an internet connection to swap assets in a permission-less and trustless manner.

Uniswap is coming off a big year, passing $58 billion in annual trading. That’s up 15,000%from $390 million in 2019. Today, it’s the fifth-largest crypto exchange in the world for spottrading and the largest DEX, averaging over 54% of trading volumes among other DEXs in2020.

In 2021, Uniswap will improve its automated market making (AMM) technology. This will lead to a better user experience with faster settlements and cheaper transactions.

One scaling solution Uniswap is looking to implement is Optimistic Rollups. It’s a layer 2solution that can increase transaction speeds by 75 times and cut transaction fees by 99%.The public mainnet release of Optimistic Rollups is scheduled to be released around March15.

Uniswap stands to benefit from the growth in DeFi as the go-to DEX on Ethereum with the lowest transaction fees and greatest liquidity. As Uniswap continues to gain adoption, users will look to own a piece of the exchange’s future profits by owning the UNI token.

Over the past month, Uniswap has generated roughly $630 million per day in trading volume.That’s nearly double the previous month’s average. Uniswap’s growth has exceeded our expectations already. And when it implements its layer 2 scaling, we believe usage will only accelerate from there. For these reasons, we’re raising our buy-up-to price to $11. Open / Comment

2021-02-19 11:36:00 ​​Crypterium (CRPT)

Crypterium is an all-in-one solution for crypto users. The app lets users easily spend crypto like cash at over 50 million merchants worldwide, swap assets, and even leverage artificial intelligence for trading. The full suite of features is translating to increased usage of its platform.

Remember, Crypterium uses fees to burn CRPT and return value to token holders. In November, Crypterium burned 47,429 CRPT tokens. That’s the highest amount to date. And we expect a lot more as usage grows.

It’s important to note that usage and growth doesn’t always immediately translate to higher prices. It’s the nature of early-stage investing in high-upside technologies. That’s why we use uniformed and small position sizing to weather the volatility of the early years. We don’t lose sleep at night if a project goes up 100% or down 40% overnight. Because at the end of the day,we’re looking for 10x, 20x, even 100x upside.

The great part about Crypterium is the longer it flies below the radar, the more CRPT will get burned. That means each CRPT token held will represent a larger percentage of the remaining supply. This translates to more value accruing to each token in the coming years.

Also, on October 27, we updated you on swapping your CRPT tokens. The swap helps reduce any potential effects of a hack on the KuCoin exchange that could have affected CRPT tokens.If you have not swapped your tokens, you have until December 23 to do so. Open / Comment

2021-02-17 10:47:00 Chainlink (LINK)

Chainlink is a decentralized oracle network pulling real-world data into blockchains. This lets smart contracts link to everyday activities like weather, sporting events. and more.

Most recently, Chainlink co-founder Sergey Nazarov co-authored a white paper published by the World Economic Forum. The World Economic Forum is an organization that pulls the levers of the most influential policy makers in the world.

The paper is called Bridging the Governance Gap. It discusses decentralized oracles assolutions for bridging the gaps that exist with world data sources and legacy systems in regard to blockchain networks.

Chainlink is one of the oracles highlighted in the report. While the report didn’t solely focuson Chainlink, what’s important to consider is Chainlink is sitting alongside one of the largest think tanks in the world to write a narrative highlighting blockchain to global policy makers.
With more and more projects and organizations turning to Chainlink for their decentralized data oracle solutions, they bring ever-increasing growth potential. Open / Comment

2021-02-15 13:06:50 Ripio Credit Network (RCN)

RCN is a protocol focused on banking the unbanked via its Credit Marketplace. And its crypto exchange has grown from 400,000 users to over 1 million this year.

Around 70% of its users are from Argentina, with the remainder mostly in Brazil. Argentina’sdismal financial services are ripe ground for Ripio’s Credit Marketplace. By delivering a need in the market for loans and other basic services, it accrues value to RCN holders.

To improve the marketplace, Ripio Credit Network recently integrated Chainlink to offer more DeFi users loans in various local currencies.

Chainlink (LINK) uses oracles to leverage off-chain data from multiple sources and brings it on-chain. This means RCN can now accurately define exchange rates between different borrowing, lending, and collateralization currencies used on the Credit Marketplace.

This lets RCN focus on being a more accurate, decentralized, and secure pricing protocol for DeFi users wanting credit. With Ripio earning market share in Argentina and Brazil, it’s ready for a strong 2021. Open / Comment