DeFi Protocol

2021-12-07 07:40:01 Launchpad Announcement! World’s First Metanance Project NEURONswap!!
NEURONswap is an innovative decentralized financial protocol based on the Klaytn mainnet that introduces “Metanance” for the first time in the world.
Date: 2021.12.13 (Mon) 10:00 A.M — 12.14(Tue) 09:59:59 A.M (UTC )
* Please note that launchpad will be held for a limited time(24 hours).
Tokens Quantity Offered : 2,390,288 NR (0.47% of Total Issuance)
Tokens that can participate in : KLAY, KETH, KSP, KORC
Participate: http://launchpad.neuronswap.com/
The amount of KSP / KORC / KETH is converted and calculated at the KLAY exchange rate.
What is Metanance? check out our DOCS below.
Docs : https://neuronswap.gitbook.io/neuronswap
Communities
Twitter : https://twitter.com/neuronswap
Discord : https://discord.gg/dyn7nTnqxV
Telegram(EN) : https://t.me/NEURONswap Open / Comment

2021-12-01 20:12:55 Bancor 3 introduces new stacking pools and loss protection

Bancor 3 will have instant non-permanent loss (IL) protection, an unlimited deposit betting pool and Omnipool offering a share of commissions generated from the entire platform.

Decentralized Automated Market Maker (AMM) Bancor is set to launch new stacking pools and upgrade its non-permanent loss protection mechanism as part of the Bancor 3 update.

Bancor (BNT) was founded in 2017 and was the first DeFi protocol to implement AMM on blockchain. The Ethereum-based exchange and lending platform also allows users to be rewarded for stacking through various liquidity pools.

In a Nov. 30 blog post about the upcoming Bancor 3 update, the platform announced several new features and updates, including Omnipool, Infinity pool and "Instant Impermanent Loss Protection." Open / Comment

2021-11-18 15:35:22 Join one of the largest growing crypto communities!

- On-chain data analysis
- Breaking news
- Market reports
- Trading discussion
And much more…

Join Newscrypto fam:
https://t.me/NWC_PublicChat Open / Comment

2021-11-11 14:55:38 DeFi-platform Bzx Reveals Reason for $55 Million Loss Due to Phishing Attack

The developers emphasize the fact that they were the victim of a phishing attack by hackers, the smart contract code did not have any bugs. The attackers sent an email with a Word file containing an infected macro, which caused the loss of seed phrases and private keys from the computer of one of the Bzx team members.

Based on the additional information they obtained, the hackers crafted the email in such a way that the developer was sure to open it and run the malicious code. The obtained keys gave the attackers access to the management of smart contracts on the Binance Smart Chain blockchain and Polygon network.

The attack did not affect the pools on Ethereum managed with DAO. The developers did not have time to include smart contracts on the Binance Smart Chain blockchain and Polygon network. Open / Comment

2021-10-27 12:57:59 Gary Gensler reiterates the need for DeFi regulation

The decentralized finance (DeFi) sector is one of the most innovative, but that does not exempt it from regulation. SEC head Gary Gensler made this statement during the Yahoo Finance Summit.

"While this is all interesting, it reminds me a lot of when P2P lending emerged about 15 years ago. [...] It took us three, four, five years to get investors protected," the official noted.

The SEC chief added that financial stability and public safety concerns came first.

"There's a lot of trading going on there [in the DeFi sector], a lot of credit. And without protections, I'm afraid it's going to end badly," Gensler stressed.

Earlier, the Commission chairman called on the U.S. Congress to bring clarity to the regulation of the crypto industry and expressed the view that regulatory rules are necessary for digital assets to survive. Open / Comment

2021-10-05 12:16:56 ​​ Farm for 100%+ APY with USDT, DAI, USDC, WBTC and WETH via Augmented Finance!

App: https://app.augmented.finance/

High yield
78% of all AGF tokens are used to reward the protocol’s users. Just compare that with 50% on COMP and only 19% on AAVE. Augmented Finance also gives AGF holders a portion of the protocol's treasury in the near future.

Liquidity mining on steroids
Locking AGF for longer than 1 month provides up to 4x reward boost.

Security: completed audit by PeckShield (link)
Leading blockchain security company PeckShield has verified the high quality of the protocol code.

User-friendly interface
We improved the usability based on feedback from 2600+ testers.

User guide:
Connect to https://app.augmented.finance/ via Metamask or WalletConnect
Supply USDC, DAI, USDT, WETH, WBTC
Stake the protocol’s interest-bearing agTokens (e.g. agWETH)
Don’t withdraw them till after October 16, 2021
Start receiving your rewards from October 17, 2021

Want more rewards?
Join the referral campaign and get rewards for the deposits of your referrals from October 17, 2021. Open / Comment

2021-10-02 09:31:51 Polygon for the first time marked itself as a real competitor to Ethereum

The daily rate of active unique addresses on Polygon for the first time since the launch of the project surpassed the similar indicator of Ethereum. This was announced by project co-founder Mihajlo Bjelic in his Twitter account on September 27. However, he said that this is "just the beginning.

The index of active MATIC addresses grew to 351 thousand, while Ethereum now has only 326 thousand. Judging by the graph, the network is growing vigorously, strengthening its position in the market.

The benefits of Layer 2 (L2) scaling solutions offered by Polygon have already attracted a number of projects. The project has grown steadily since its launch, but 2021 has been a truly stellar year for it. This summer, for example, Cream Finance's lending protocol announced its integration with the platform. Open / Comment

2021-09-23 14:03:25 Cryptoservices startup Ripio raises $50 million

Digital Currency Group (DCG) led the funding round, and additional investors included venture capital firms Amplo, Draper Ventures and Boost VC. MercadoLibre CEO Marcos Galperin and Globant CEO Martin Migoya also participated as individual investors. The company confirmed the funding round.

Ripio offers various services such as wallet and cryptocurrency exchange. According to brand director Juan Jose Mendez, the company intends to use the funds to further develop its products and teams, as well as to expand its international expansion.

Ripio, which bought Brazil's second-largest cryptocurrency exchange in January, has been planning to expand into other key markets in the region for some time. Today the company has two million users in Argentina and Brazil. Open / Comment

2021-09-11 18:21:42 Lithium Finance unveiled its financial business strategy and product roadmap

DeFi-oracle protocol project Lithium Finance, which raised $5 million back in May led by Pantera and Hashed, has done something. In three months, the developers managed to draw a roadmap for themselves!

"Lithium Finance's path has been challenging, but satisfying. From building the product from scratch to finding investors and then going public, Lithium would not be where it is today without the support of our communities. The team would like to take this opportunity to thank our community members for their passion and enthusiasm for the protocol. We also understand our community's desire to learn more about Lithium's growth plans and plans, so this article presents our official business and product development plans," reads the announcement. Open / Comment

2021-09-02 10:59:13 CEO of Bittrex Global: Dubai and the UAE are the most cryptocurrency-friendly

The United Arab Emirates (UAE) and Dubai are the friendliest jurisdictions for the cryptocurrency industry, according to the CEO of global crypto exchange Bittrex Global.

Bittrex Global CEO Steven Stonberg said Dubai would benefit from the expansion of the cryptocurrency market in the Middle East as local regulators increasingly adopt blockchain-related technologies.

According to Stonberg, the UAE and Dubai are "doing the right thing and are going to attract a lot of regional projects" in the cryptocurrency industry. In his view, these jurisdictions provide excellent locations for launching cryptocurrency token projects or exchanges, largely because of the region's status as a tax haven.

According to the Tax Justice Network, in March 2021, the UAE became one of the largest tax havens in the world, along with Switzerland and Bermuda. Open / Comment