DeFi Telegraph (eng) ( ICO reviews)

2021-02-26 16:37:06 50,000 users have been waiting for this!

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Web: nimbusplatform.io
Chat: t.me/Nimbus_Platform_ENG
News: t.me/nmbplatform

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Nimbus is a DAO-governed ecosystem of dApps that generate multiple revenue streams based on real-world use cases - from Open / Comment

2021-02-26 12:04:02 DeFi liquidates record $115 million in loans due to ETH price drop

A record $115 million in DeFi loan positions were closed after the price of ether continued to correct to $1,406.

According to the data provider, Compound Finance had the highest number of liquidated positions, with about $86 million, or 75% of the total liquidations coming from that platform. In second place is MakerDAO, which liquidated about $10 million, or 8% of the total. Aave v1 and v2 together poured in $13 million, or 11% in liquidations.

The liquidation of DeFi credits was driven by the continuing drop in ether prices combined with historic transaction fees. According to data provider Blockchair, the cost of the average transaction set a record again on Tuesday with a new high of $39 per base ether transaction. Open / Comment

2021-02-25 16:37:01 Matter Labs has questioned the security of ZKSwap

Matter Labs, the Layer 2 development group for the Ethereum extension, has written a series of posts questioning the security of AMM's ZKSwap exchange based on the ZK Rollup extension technology.

https://twitter .com/the_matter_labs?s=20

Matter Labs claims that ZKSwap cloned the zksync code, even leaving Matter Labs' authorship in the Etherscan contract code, but without publishing its AMM code.

"Properly adding AMM functionality to our code is very non-trivial and requires deep knowledge of ZKP. It also requires a very thorough security audit by experienced cryptographers (not just the static code analysis mentioned in the articles you published). Will you be so friendly to your users as to open up the full source code of your contracts and schemes?", asks Matter Labs.

Matter Labs has stated that they are not opposed to the use of their code, but insist that the code of the tools that use it be open source. Open / Comment

2021-02-25 11:21:01 Brave announced DEX on Layer 2 in the BAT 2.0 roadmap

The Brave privacy browser released an 18-month development plan for BAT 2.0 on Feb. 22. According to the roadmap, Brave plans to explore the field of DeFi and will look to create DEX based on the Layer 2 solution and combine other Layer 1 blockchains with Ethereum. In addition, Brave's wallet will be updated and redesigned to support DeFi and NFT features.

The roadmap reports that Brave will "provide access to DeFi via a new decentralized exchange aggregator" that supports token swaps with distinct benefits and added value for Brave/BAT users, among others:

Discounts when using BAT to pay transaction fees.
Discounts for users who hold a BAT balance in their wallet.
Support for multiple blockchains with multiple assets. Open / Comment

2021-02-24 20:54:01 Alameda invests $40 million in Solana-based brokerage DeFi Oxygen

Alameda Research, a cryptocurrency trading company, has invested $40 million in Oxygen, DeFi, a Swiss-based brokerage company. MultiCoin, Genesis Capital and CMS also participated in the round. Oxygen will reportedly be launched in Serum, a decentralized ecosystem built on the Solana blockchain.

Sam Bankman-Fried, CEO of derivatives exchange FTX and advisor to Serum (SRM) and Oxygen (OXY), said that the high performance (approximately 50,000 transactions per second) and low transaction cost of the Solana blockchain (SOL) allow for more complex solutions than simple lending and borrowing instruments, which have proven to be some of DeFi's most successful projects to date, including primary brokerage. Open / Comment

2021-02-24 20:08:01 Saffron Finance V2 launched on Ethereum and Binance Smart Chain

According to a tweet, the beta launch of Saffron V2 took place today at 18:00 UTC on Ethereum and Binance Smart Chain. An article on Medium reveals the new features of Saffron V2 and what they mean for the future of the protocol.

Saffron Finance (SFI), the network asset tokenization protocol, is launching its second version, which contains a number of improvements.

At a high level, Saffron V2:

Adds 4 new pool types
Implements new features for Binance Smart Chain as well as Ethereum (beta version V2 includes BUSD returns on Venus and ETH returns on Alpha Homora)
Updates the original V1 pool types

Introduces 4 new key features:

Perpetual Bets.
Open pools
Liquidity targeting
Translated exchange rates Open / Comment

2021-02-23 18:20:15 CoinShares Releases DeFi Index Token for Institutional Investors

Asset manager CoinShares is coming to market with a decentralized finance index token (DeFi) aimed at institutional investors, CoinDesk reports. CoinShares Chairman Danny Masters believes that financial indexes lend legitimacy to emerging asset classes.

The London-based firm, best known for its bitcoin exchange product, XBT, has launched CoinShares Gold and Cryptoassets Index Lite (CGI) tokens on Ethereum.The CGI token was created in collaboration with Index Coop, the DeFi Pulse Index (DPI) development team and London Imperial College.

The CGI token consists of two equally weighted "wrapped" crypto-assets - wrapped bitcoin (WBTC) and wrapped ether (WETH) - and a wrapped gold firm token, wDGLD. Open / Comment

2021-02-23 15:17:01 SashimiSwap plans to roll out smart contracts on Binance Smart Chain

The SashimiSwap team officially announced on Twitter that the Spring Festival is over for it. All services have been restored and development is underway. Specifically, the team plans to deploy Sashimi smart contracts in the Binance Smart Chain (BSC).

It is reported that Sashimi is currently providing a version of its protocol on Ethereum and Huobi Heco networks, with the Heco version having completed deployment of Sashimi Exchange and Sashimi Farms.

According to a Jan. 29 announcement, SashimiSwap's roadmap for 2021 includes rolling out the BSC contract in March; and rolling out the Sashimi Lending contract to the Heco network in the second quarter.

It is worth noting that Binance Smart Chain (BSC) is becoming increasingly popular among developers of decentralized finance applications, and the price of its underlying BNB token is rising. Open / Comment

2021-02-22 18:43:01 DODO V2 beta officially launched on Ethereum and Binance Smart Chain core network

According to official news on DODO DEX's Twitter, the beta version of DODO V2 was launched on the Ethereum and Binance Smart Chain core network at 1:00 p.m. Beijing time on February 22. Users can find the V2 beta login by visiting the official website (app.dodoex.io) as well as the Ethereum vDODO core network. The membership system is synchronized.

According to the official announcement, distribution of rewards for community members will begin at 3 p.m. The Binance Smart Chain version of DODO V2 also simultaneously opened BUSD-USDT deposits and marketmaking, and initiated the distribution of rewards for mining liquidity starting at 3 p.m. The first phase of the DODO V2 Beta crowdfunding pool on the main Ethereum network will begin at 5 p.m. It does not require DODO or vDODO, and there is no threshold limit. It is reported that anyone can become a liquidity provider with USDT. Open / Comment

2021-02-22 15:35:01 SuperFarm will hold an IDO on Polkastarter and Uniswap

According to an official announcement, SuperFarm, the DeFi interconnect protocol, announced that it will hold an IDO on Polkastarter on February 22 and the SUPER token will be listed on Uniswap on February 23.

SuperFarm, DeFi's interconnect protocol, announced on Feb. 22 that it will launch SUPER tokens via IDO on Polkastarter. The price online is $0.025 and the stated goal is $250,000.

SUPER will be launched on Uniswap on February 23 at 0:00 Beijing time; IDO will end that day at 0:30. IDO participants can claim tokens from Polkastarter. The tokens will then be distributed to community lottery winners before the private sale. After the initial distribution, new tokens will remain locked up for two months. Open / Comment