DeFi Protocol

2021-06-25 08:40:39 MoonFarm Finance integrates Chainlink pricing oracles

MoonFarm Finance, a hybrid (CeDeFi) multichain revenue pharming aggregator, has integrated Chainlink price oracles to protect its algorithm's pharming strategy on the Binance Smart Chain network.

With the integration of the industry-leading decentralized oracle network, MoonFarm Finance gains access to the high-quality, tamper-proof price feeds needed to track changes in token prices so that the algorithm can detect volatile losses and switch farms to avoid them.

"This will give our users a strong assurance that the MoonFarm user foundation will not have volatile losses when farming profitably with MoonFarm," the announcement reads.

According to the developers, the initial integration includes the use of the following Chainlink pricing channels: BNB-USD, CAKE-USD. Open / Comment

2021-06-16 12:05:53 Ledger Live integrates its first DeFi platform, ParaSwap

Cryptocurrency hardware wallet maker Ledger has integrated its first decentralized finance (DeFi) platform, ParaSwap, into its Ledger Live app.

The integration allows Ledger Live users to exchange Ethereum blockchain tokens through ParaSwap without leaving their wallets.

ParaSwap is a decentralized exchange (DEX) aggregator that supports various DeFi protocols, including Uniswap, Sushiswap, Balancer and Curve.

When asked why Ledger chose ParaSwap over other similar platforms such as 1inch, Ledger's chief product promotion officer Ian Rogers told The Block that the aggregator offers an "easy-to-use interface." Both Ledger and ParaSwap are based in Paris, France. Open / Comment

2021-06-14 08:39:25 Alpha Finance Lab launches DeFi Alpha Launchpad incubator

According to official news, crosschain platform DeFi Alpha Finance Lab has announced the launch of DeFi Alpha Launchpad Incubator. Users who own ALPHA tokens will receive a portion of the incubation project tokens and a portion of the incubation fee.

Alpha Launchpad reportedly focuses on incubating DeFi projects from the ground up and fosters significant growth post-launch.

In a nutshell, Alpha Launchpad allows:

- Receive multiple accruals of value for ALPHA stackers
- grow the Alpha Universe
- Create key building blocks in DeFi
- develop talents and share developer opinions

Those who use Alpha products, according to developers, will also discover new uses for DeFi by using linked building blocks between Alpha products and incubated project products. Open / Comment

2021-06-10 21:12:46 Stone DeFi and Poly Network build interconnect bridge for STN

According to official news, DeFi's Stone revenue management framework and Poly Network's interconnect agreement have reached a cooperative agreement to provide a cross-network bridge for STN to enable seamless transactions between BSC and ETH.

Stone (STN) is positioned by the developers as a yield management framework focused on creating Rock Solid Yield for all users in the DeFi space. The goal of the project is to develop innovative asset pools that maximize returns while keeping LP capital as safe and secure as possible.

The company believes that DeFi and farming should be enjoyable and based on a collaborative culture within the community. Stone actively seeks out community members to develop, discuss farming strategies and develop new strategies. Open / Comment

2021-06-08 07:24:36 Alchemix begins "work on bugs"

DeFi Alchemix's lending protocol publishes details of the ALCX reward contract errors and announces the timing of the ALCX reward recovery.

DeFi Alchemix indicated in the credit agreement that there was an error in the ALCX reward contract, meaning that the calculation of the reward for the first interaction with the new Masterchef v2 ALCX-ETH pool was incorrect.

The main problem is that over time, new pledgees will pay them too much remuneration when they join. Although the error is small at the time of detection, it will inevitably increase over time. For this reason, Alchemix requires SushiSwap to disable the contract and ALCX rewards for the duration of the repair work. SUSHI rewards will continue to accrue and SLP funds are safe. Open / Comment

2021-06-06 09:12:16 European Dota 2 team Team Secret and Uniswap are establishing cooperation

"The crypto space has certainly moved further into the mainstream in recent years, much in parallel with the rise of cybersports as a category of sports and entertainment media. These similarities and our unique position in the global digital ecosystem make this partnership a logical way forward for us at Team Secret and our friends at Uniswap Labs. At Uniswap Labs, Team Secret is the next moonshot!" reads a statement from Team Secret.

Uniswap (UNI) is a financial protocol used to exchange cryptocurrencies and tokens in decentralized open-source blockchain networks, unlike any centralized intermediary. Uniswap Labs promotes the technology to support decentralized transactions - no need to go through a central exchange like Coinbase or Binance! Open / Comment

2021-06-04 09:30:10 Cryptoanalyst Predicts Colossal Spike in XRP

A well-known cryptoanalyst thinks XRP and bitcoin could make an unexpected surge as the cryptocurrency markets continue to correct.

Sgurto told his 209,000 followers in a new tweet that he foresees a massive bounce in XRP just as market participants become as bearish on their own asset, Ripple.

A short squeeze occurs when traders who have opened shorts counting on a rapid decline are forced to buy the asset to avoid large losses, which causes the price to rise.

Credible Sgurto pointed out that shorts on XRP are at an all-time high on Bitfinex, while the token is hovering above a key support level, hinting at an early short squeeze. Open / Comment

2021-05-28 23:28:39 Ripple CEO intends to IPO after SEC litigation

Ripple CEO Brad Garlinghouse believes that the company may go for an IPO when its legal battle with the Securities and Exchange Commission (SEC) is over. This was reported by Business Insider, citing a statement from the head of Ripple.

Garlinghouse added that the chances of going public "are very high at some point." However, it is not clear whether the outcome of the lawsuit will affect the fintech company's plans. It should be noted that the company has already announced plans to go public.

However, Garlinghouse's statements had no impact on the XRP token exchange rate.

At one point, the altcoin was up 5 percent, but it has remained in a downtrend for the month. As of this writing, the price of XRP is $1 (-3.77%). The token's market capitalization has fallen to $46.3 billion. Open / Comment

2021-05-26 09:16:04 Hedge funds are up 90% in 2020 and demand for DeFi is growing

According to the annual global report on crypto hedge funds released by PricewaterhouseCoopers and investment firm Elwood Asset Management in collaboration with the Alternative Investment Management Association (AIMA), the report shows that total assets under management for cryptocurrency hedge funds reached $3.8 billion in 2020.

Compared to 2019, crypto hedge funds are up $2 billion, or 90 percent.

They mostly favored DeFi. 31% of crypto hedge funds use decentralized exchanges (DEX), of which Uniswap is the most widely used (16%), followed by 1inch (8%) and SushiSwap (4%). Open / Comment