DeFi Telegraph (eng) ( ICO reviews)

2021-02-21 20:10:12 The price of REN rose 60%, hitting a new high after the recent DeFi integration

The price of Ren (REN) surged 65% on Feb. 19 as the compatibility-focused protocol continued to accumulate in whale wallets containing more than 1 million RENs.

Cointelegraph data shows that REN rose from $0.99 on Feb. 18 to a new record high of $1.84 on Feb. 19. The move to a new high came as REN's trading volume also reached $704 million in the last 24 hours.

Attention to the protocol received a noticeable spike in late January when it was announced that Dogecoin (DOGE) would be integrated with REN, allowing renDOGE to trade in the growing DeFi ecosystem. Open / Comment

2021-02-20 20:29:02 PancakeSwap brings huge amounts of DeFi to the Binance smart grid

Competitive Decentralized Exchanges (DEX) are the whales in the world of open source software, as Ethereum-based competitor Uniswap catches up with project Uniswap in terms of volume and nominal liquidity.

PancakeSwap leads the ranking. The liquidity of Uniswap's automated market maker (AMM) clone on Binance's own blockchain, Binance Smart Chain (BSC), has grown by 1003% since the beginning of the year. According to CoinGecko, sales volumes have been a bit more impressive, up 2,800% from $37 million on Jan. 1 to $1.1 billion on Feb. 17.

Its own CAKE token has jumped about 6000% since it was issued last fall and now trades at $12.77. Open / Comment

2021-02-20 18:07:02 Hobbit HBTC adds aggregate pair DODO-USDT

DODO/USDT is an aggregate trading pair for which deposits and withdrawals are not yet supported. If further progress is made in supporting the DODO wallet, HBTC will notify its community with an announcement.

DODO is a decentralized exchange using the Proactive Market Maker (PMM) algorithm built on Ethereum and Binance Smart Chain (BSC).

DODO offers capital-efficient liquidity pools that support single token provisioning, reduce volatile losses and minimize slippage for traders.

"Aggregate trading is widely used in the trading industry. The purpose of HBTC aggregate trading is mainly to give our users access to new and popular assets," Hobbit reports. Open / Comment

2021-02-19 17:37:01 DeFi Vesper Finance launched and plans to allocate 1 million VSPs to liquidity providers

DeFi-oriented ease-of-use platform Vesper Finance is now online and has launched a VSP management token, much of which will be distributed to liquidity providers on leading DeFi aggregators.

According to the plan, Vesper will allocate 1 million VSP tokens to liquidity providers, of which 600,000 VSP tokens (60%) will be allocated to liquidity providers in the pool at SushiSwap over the next year, and 400,000 (40%) will be allocated to liquidity providers on 1inch.

It is known that DeFi platform Vesper (VSP) was founded by one of the first bitcoin developers Jeff Garzik to bridge the gap between traditional DeFi users and investment industry professionals. Open / Comment

2021-02-19 14:39:01 DODO v2 will be tested on February 22 and will launch vDODO

DODO v2 will launch on two networks at once, Ethereum and Binance Smart Chain, and will simultaneously begin casting vDODO and rewarding members.

DODO v2 supports features such as smart aggregated transactions, new asset release tools, crowdfunding pool creation, one-way public issuance of liquidity, and a customizable marketplace for liquidity pool creators. BSC's core network simultaneously opens rewards for stable currency mining in the BUSD-USDT liquidity pool.

vDODO is a certificate of membership in the DODO platform. In addition to the right to make proposals and put them to a vote, as well as participation in IDO and crowdfunding on the DODO platform, subscription shares and discounts on transaction fees, it will also receive dividends on transaction fees and membership rewards. A ratio of 1 vDODO equals 100 DODOs. Open / Comment

2021-02-18 16:49:02 Bitwise launches DeFi index fund supporting UNI, AAVE and other tokens

Crypto-asset management company Bitwise announced the launch of the first Bitwise DeFi Crypto Fund, an index fund that gives qualified investors access to DeFi tokens. The fund will initially include Uniswap, Aave, Synthetix, Maker, Compound, UMA, Year.Finance, 0x and Loopring.

"Consider this a potential sign that the institutional investment world is approaching a growing decentralized finance market," the publication notes.

Bitwise also announced the launch of the Bitwise DeFi Crypto Index (BITW). The new fund will give accredited investors a diversified bet on DeFi at the expense of a traditional security that can make them more comfortable in a nascent market known for hacks and drawdowns. Open / Comment

2021-02-18 14:10:03 BoringDAO V2 launched

BoringDAO, the decentralized crypto asset bridge, tweeted that BoringDAO V2 has officially launched. Version V2 changes oLTC liquidity mining; uses Chainlink to feed bitcoin prices; adopts a new community governance model to allow more people to participate in governance; and improves UI/UX.

According to a tweet, the new version of V2 contains a number of improvements over the previous version. In particular, BoringDAO V2:

Changes oLTC liquidity mining;
Uses Chainlink to create price feeds;
Adopts a new community management model to allow more people to participate in management;
Has a beautiful and updated UI/UX. Open / Comment

2021-02-17 19:30:01 DeFi aggregator 1inch stages new ‘vampire airdrop’ to Uniswap users

1inch DEX aggregator, known as a cash-generating machine and leading project in DeFi sphere find more and more new ways to attract new users and make its community even stronger.

A few days ago 1inch distributed 6 million 1INCH tokens to Uniswap traders. Thanks to this “manipulation”, 25 000 users left Uniswap to join 1inch.

This case is quite illustrative and clearly shows that even sincere fans of Uniswap discover real value in 1inch platform. Open / Comment

2021-02-17 16:52:02 Badger DAO has been launched on StarkNet, the Layer 2 network on ZK Rollup

According to official sources, StarkWare, a research and development organization specializing in zero-disclosure solutions, announced that a decentralized autonomous Badger DAO (BADGER) has been launched on its StarkNet Layer 2 solution.

StarkNet is a decentralized network for Ethereum scaling at layer 2 using ZK Rollups, managed by STARK, which can support shared Ethereum computation. The basic design (stage 0) is complete, namely the full Turing Cairo structure, the STARK software stack, and the Layer 2 StarkEx extension mechanism, which will allow deployment from stage one to stage three without the need for a fork. Open / Comment

2021-02-17 13:59:02 Decentralized Oracle Tellor re-deploys contract due to system error

The developers of Tellor, the decentralized Oracle machine, tweeted that a serious system error was discovered during an upgrade to v2.6.1. All current token balances were saved, and intrachain transfers and transactions in Tellor and TRB were frozen.

Tellor developers said that since there is no admin key to force an update, the most likely strategy in the future is to re-deploy the Tellor contract and perform a token conversion. The team is still investigating, more information and details will be revealed later. Open / Comment