Best Crypto Traders Official

2021-12-18 12:13:43 Celebrate Bybit’s 3rd Birthday and win an iPhone 13 and 50,000 USDT!

10 lucky Bybit users will win a brand new iPhone 13 worth 1,000 USDT, while another 500 users will be rewarded with 100 USDT each.

All you need to do is join Bybit's communities via Gleam.

Learn more in Bybit’s telegram community Open / Comment

2021-12-12 13:56:58 Coinbase offers DeFi Yield product to users in 70 countries

In an effort to make decentralized finance (DeFi) more accessible to its customers, major U.S. cryptocurrency exchange Coinbase says it is allowing users in 70 countries to buy the DeFi revenue product using its DAI crypto holdings.

The exchange makes DeFi "more convenient and accessible for customers," as "eligible users will now be able to access DeFi's attractive yield without leaving their Coinbase account, with just a few clicks and no network fees," the exchange said in a statement.

The offered annual percentage yield (APY) "varies with Compound rates and will automatically update to reflect changes in the market. Compound rates are variable - for example, during October, the annual interest rate for DAI delivery fluctuated between 2.83% and 5.39%," the statement said. Open / Comment

2021-12-05 12:30:44 Hackers hacked into Badger DAO's DeFi-protocol and took out $10 million in assets

Fraudsters hacked into the Defi Badger DAO and removed $10 million in assets from it.

Hackers managed to gain access to the assets of the DeFi-protocol through a breach in the security systems of its interface. They also drew attention to the fact that the withdrawal of funds from Badger DAO was preceded by a series of requests to expand the list of permissions from cryptocurrency wallet providers. The developers suggested that through such actions, fraudsters gained access to the assets of DeFi-protocol users.

Amid the reports, the Badger team froze cryptocurrency vaults.

According to observers, the hacker managed to withdraw 185 WBTC, 136 thousand cvxCRV, 64 thousand veCVX and other assets worth $10 million from the platform.

Against the background of reports on the BadgerDAO hack, the rate of the project's native token went into decline. Open / Comment

2021-12-01 20:13:36 Vitalik Buterin concerned about high gas costs

Vitalik Buterin, has proposed a hardfork that would reduce the cost of gas for Layer 2 networks by a factor of five for the "calldata" function. It is used in algorithms that link the consensus of Layer 2 protocols to blocks in the main blockchain.

The flip side of the proposed EIP-4488 is the restriction on calling this function, putting a limit on transaction validation.

According to Buterin, 1.5 MB is enough for rollups, with the current development of layer 2 protocols. On the other hand, the limits set guarantee the stability of the main blockchain.

EIP-4488 involves irreversible code changes, which requires a significant percentage of support for miners. The hardfork will cut the fees in sidechains by a factor of five, where the claimed low fees of about $1 can increase tenfold during active transactions, as happened on Black Friday. Open / Comment

2021-11-19 10:38:17 Coinbase is considering support for third-party DeFi applications

Coinbase CFO Alesia Haas spoke at a financial technology event hosted by Citi on Monday.

"We plan to eventually serve third-party applications within our core product, and so we won't depend on whether a customer chooses a Coinbase product or a DeFi third-party product. We want to find and provide the best products for our customers."

"So, how do we think about Coinbase versus DeFi? First, we're building tools to accelerate the ecosystem with Coinbase Cloud. And we think that opportunity in itself will be big in the future because more and more companies will want to offer cryptoservices to their end customers. The second thing we do is we help with distribution. Just as we were a bridge for buying and selling cryptocurrency, we will be a bridge for DeFi." Open / Comment

2021-11-11 14:55:06 DAFI Launches Super Staking V2

After months of "careful planning, hard work and partnerships," blockchain startup DAFI has officially launched the second version of its Super Staking (V2) platform.

The new SuperPools include smarter dToken allocations and offer more stable APY rates.

"This brand new architecture combines perfectly with modernized logic to deliver greater rewards. Users can benefit from market demand volatility. Super Staking V2 is better than any other staking program seen before," the team writes.

Each decentralized network that integrates DAFI to change its stacking program must buy DAFI in dollars on the open market as a fee for that integration. These fees are then transferred back to V2 SuperPools, significantly increasing the size of the APY. Open / Comment

2021-11-09 16:13:03 Agile Finance is an autonomous interest rate protocol that gives users easy access to financial applications

Agile Finance is designed to enable users to manage a chain of assets earning interest across 10 markets and is integrated with several applications, including Coinbase Custody, Bitgo and Ledger.

Agile Finance is a full-featured app that boasts:

Dashboard to get the full insight into cryptocurrency metrics.
Crypto lending and borrowing with an optimal APR.
Decentralized swap.
Token pre-sale that will start soon (November Mid, period 7 days)!

Explore Agile Finance and join the community! Open / Comment

2021-11-03 12:17:56 GSR is actively working on decentralized finance

Cryptocurrency maker GSR is actively working on DeFi following the finding that DEX exchanges such as Uniswap will dominate the firm's centralized partners.

DeFi CEO Jake Dwyer said his unit already moves $1 billion daily on Ethereum and Solana-based DEX. DeFi's trading accounts for 20 percent of GSR's day-to-day activity; centralized exchanges, GSR's historical focus, contribute to the rest.

GSR is tapping into more circuits (Polygon, Avalanche, Celo and Arbitrum are entering the sector), hiring more DeFi employees and injecting a total value of $1 billion tied to DeFi protocols.

GSR, a long-term cryptocurrency hub, wants its DeFi trading unit to "meet or exceed the capabilities we have in centralized changes" by the fourth quarter of 2022. Open / Comment

2021-11-01 16:39:30 The DeFi Aave protocol is facing a capital outflow

The total blocked value (TVL) of the decentralized borrowing and lending platform fell 16% in the last 24 hours.

Justin Sun (founder of blockchain Tron) was responsible for billions of dollars in withdrawals over the past few hours. The total blockchain value of Aave, or TVL, fell to $14.7 billion from $17.89 billion the day before, according to DeFi Pulse.

In a series of tweets, Aave developers revealed that financial modeling platform Gauntlet Network introduced the Aave Improvement Protocol, or AIP, to disable the borrowing feature for xSUSHI tokens and DeFi Pulse Index (DPI) as a precaution.

In addition, AIP also called for disabling the Automated Market Maker, or AMM, tokens of liquidity providers on the Aave AMM Market as an additional precautionary measure. Open / Comment

2021-10-28 12:58:59 Are you ready for the real bull run?

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