DeFi Telegraph (eng) ( ICO reviews)

2021-03-03 12:51:03 ForTube conducted a buyback and token burn FOR

ForTube's governance mechanism completes its fourth FOR buyback and destruction, and the number of tokens burned is 802,170.

On March 2, ForTube, DeFi's credit platform, announced on Twitter that it had completed its fourth buyback and destruction of the FOR ecosystem management tokens, with a total of 802,170 FOR destroyed. The total value of this destruction is approximately $32,889, and the quantity destroyed represents approximately 0.08% of the total number of tokens.

The result of this wellness effort has been a slight increase in FOR, which is currently at $0.06 per coin with a 50% increase over the past 24 hours. The ForTube platform ranks 12th in DeFi Station's ranking, with nearly $28 million in TVL and has shown a recent trend of gradual growth. Open / Comment

2021-03-02 15:32:44 DeFi dFuture DFT derivatives platform launched on Heco and BSC

According to official sources, the DeFi dFuture derivatives protocol (DFT) was launched in the main network of Huobi Eco-Chain and Binance Smart Chain. Within 24 hours, the platform's transaction volume exceeded $200 million, and the total blocked value (TVL) was $ 1,700 10,000, the total number of interactive addresses for the main network contracts reached 15,000.

In addition, in the near future, dFuture will connect several decentralized wallets and gradually open the use of various features on the mobile terminal.

DFT is positioned by the developers as a decentralized derivatives trading platform, which completely updates the existing trading model so that traders, liquidity providers and arbitrageurs can use a fairer, safer and more profitable trading environment. Open / Comment

2021-03-02 11:52:01 Wing Finance developers conducted a comprehensive security audit

Wing Finance, DeFi's Ontology-based firewall platform, said its development team recently conducted a comprehensive security audit and successfully updated the system, making it even more secure.

"Some users may detect a pop-up window when connecting their wallet to Flash Pool. These users are prompted to click the "Enhanced Security" button to manually close the authorization of certain contracts to protect the security of your assets on the Wing platform.

It should be noted that closing these contract authorizations will not affect the normal use of the various features in Wing, but will instead significantly increase the security of your assets. Please log in to wing.finance as soon as possible and perform the appropriate manual operations that are displayed when you log in. Open / Comment

2021-03-01 17:48:01 Cover Protocol Launches Credit Default Swaps

Cover Protocol has introduced Credit Default Swaps (CDS), a new DeFi coverage product that will expand the smart contract coverage offering already available through Cover.

"CDS is the first in a series of coverage products that we will provide to support DeFi's future ecosystem that includes loans with insufficient collateral," the announcement reads.

The Credit Default Swap is a financial instrument that Michael Berry used in 2007 to reduce the mortgage debt made famous by the movie "The Big Short." Essentially, a CDS is a contract that entitles the holder to a payment if the debtor is unable to repay the loan within the established rules of the loan extended.

Ruler Protocol will be one of the first recipients of this service with the introduction of the credit default swap market for its lenders. Open / Comment

2021-03-01 12:45:25 DeFi Alliance Launches $15 Million Investment Fund

A proactive coalition of decentralized finance experts and investors known as the DeFi Alliance has announced its first fund to encourage innovation in the nascent financial sector, Decrypt reports.

DeFi Alliance, which includes Robert Leshner of Compound Finance, Stani Kulekhov of Aave and Kane Warwick of Synthetix, was launched with a mission to grow the sector to a billion users by 2025.

"Alliance Fund I" was created by its members and led by founding partners along with entrepreneur Mark Cuban.

The lead investors in the $15 million fund are CMT Digital, Cumberland DRW, Susquehanna (SIG) and Mark Cuban, who has been very active in the non-interchangeable token (NTF) space lately. Open / Comment

2021-02-28 20:21:01 dYdX offers new integration with StarkWare

Decentralized finance (DeFi) trading platform dYdX is now adapting users to a new version of its platform built on StarkWare Cairo software.

Perpetual cross-margin contracts are now available for early registration with zero gas fees thanks to a proprietary implementation of the Tier 2 solution. Previously, the exchange relied directly on the Ethereum core network, which has become more painful due to the ever-increasing cost of transaction fees.

dYdX lists BTC/USD and ETH/USD perpetual contracts, lending, spot and margin trading. The total locked-in value of the platform (TVL) is $250 million.

StarkWare's implementation relies on cryptographic innovations to increase speed by moving heavy computation off the grid. Open / Comment

2021-02-28 15:40:27 Galaxy Digital and IOSG led a $4.3 million funding round for Centrifuge

Centrifuge, a blockchain startup focused on raising real-world assets in decentralized finance (DeFi), has received $4.3 million to further grow its business through a "secure future token agreement" (SAFT) round.

In the SAFT round, the company sells the rights to future tokens, which will not be released until a key goal, such as launching the platform, is achieved.

The startup intended to build a bridge between real assets and DeFi through an asset tokenization process known as Tinlake, a business that the company said could attract "trillions in value" from traditional finance.

The firm believes that non-transferable tokens (NFTs) can be aggregated and sold to investors. Open / Comment

2021-02-27 18:03:03 ZKSwap launched a new $100 million round of PoS mining

According to ZKSwap's economic document, 2.5% of the total ZKS tokens (25 million ZKS) will be distributed as rewards for Proof-of-Staking mining during the first year.

ZKSwap (ZKS) is a Layer 2 DEX module using an automated market maker (AMM) based on Practical ZK-Rollups, the ZKSpeed protocol.

"We are launching a new round of Proof-of-Staking mining on February 25, 2021 at 6:00 p.m. Beijing time. Four betting periods of 30, 60, 180 and 360 days are offered, corresponding to 1x, 2x, 4x and 8x reward ratios. A total of 15.24 million ZKS will be distributed as rewards, which is currently about $100 million," ZKSwap said in an official announcement. Open / Comment

2021-02-27 14:13:03 DeFi Wizard platform raises $750,000 in investment

DeFi Wizard announced that it has raised a total of $750,000 from X21 Digital, AU21 Digital, Amsterdam-based TRG Capital, DeltaHub Capital, NGC Ventures and ExNetwork in a recently concluded fundraising round.

DeFi Wizard is a DeFi-centric platform designed to help cryptocurrency companies and businesses develop digital assets seamlessly. DeFi Wizard's long-term goal is to become a universal platform for token creation.

DeFi Wizard aims to become a one-stop store for DeFi smart tokens such as ERC-20/BEP-20/EDST, stacking, revenue farming, onchain management, interconnect bridges, and so on. Open / Comment

2021-02-26 22:49:08 SashimiSwap Announces Rewards Adjustments to Liquidity Pools

SashimiSwap announced in a tweet that rewards for some liquidity pools will be adjusted due to the upcoming platform rollout on Binance Smart Chain (BSC). It is also reported that several new trading pairs will be added and that trading pairs not mentioned will be removed.

For the upcoming rollout to BSC, SashimiSwap has decided to adjust the rewards for a block of certain pools to incentivize the most popular trading pairs.

The change in the number of SASHIMI rewards corresponding to each block below will take effect on March 25, 2021 at 10:30am (UTC).

ETH-SASHIMI 4.0 -> 4. 5; svUSDC 0.34 -> 0.04; svUSDT 0.34 -> 0.04; svDAI 0.34 -> 0.04; ETH-USDT 0.4 -> 0.65; SASHIMI-USDT 0 -> 0.65; ETH-ELF 0.1-> 0.07; ELF-USDT 0 -> 0.65; SASHIMI-WBTC 0.1-> 0.06; no correction for Sashimi Lending and Heco. Open / Comment