DeFi Telegraph (eng) ( ICO reviews)

2021-02-16 18:41:01 Uniswap's transaction volume reached $1.12 billion, up 9.73%

Intelligent decentralized trading platform Uniswap recorded a strong stabilization over the weekend, both in the total value of tokens held in smart contracts (TVLs) and in daily trading volume.

According to Uniswap Info, the decentralized exchange is currently recording a total token value of about $4.2 billion and 24-hour transaction volume of about $1.12 billion. These are not record numbers, but this is the first time trading volume has been above a billion dollars a day for several days.

The top three gainers are Yeld YLD (+58.85%) Everest ID (+35.85%), Rarible (RARI) (+25.22%);

At the same time, the three tokens that showed the biggest declines were CIBS (-34.19%), ZEFU (-21.74%) and UNN (-19.87%). Open / Comment

2021-02-16 15:22:01 Razor Network launches RAZOR/USDC liquidity pool on Balancer

The Razor Network oracle project tweeted yesterday about the launch of the RAZOR liquidity pool on the Balancer decentralized exchange. Reportedly, its users will be able to earn rewards in BAL for providing liquidity in the RAZOR/USDC pool.

Liquidity providers for the RAZOR/USDC pool will be able to earn rewards for mining liquidity in BAL tokens. The Razor team has added approximately 2.5 million RAZOR tokens to the RAZOR/USDC liquidity pool with an 80:20 ratio.

The Razor Network (RAZOR) is a decentralized oracle network. According to the developers, the platform quickly and securely connects smart contracts with real-world information. The goal of the network is to create oracles based on game theory that offer maximum security without sacrificing speed. Open / Comment

2021-02-15 17:51:02 Oracle-centric tokens rise as DeFi looks for reliable data providers

In 2021, it is clear that DeFi is the main driver of the bullish trend in the price of ETH and altcoins sweeping the sector.

Oracles development is the component that discreetly creates the necessary infrastructure of the cryptocurrency market, and many projects focused on oracle integration have seen token prices skyrocket.

Stablecoin provider Paxos, decentralized exchanges such as Uniswap, and credit platforms such as Maker (MKR) use oracles such as Chainlink (LINK) to provide accurate information related to cryptocurrencies.

The need for reliable data is becoming increasingly important as DeFi continues to expand and the total blockchain value reaches record highs on many platforms. Open / Comment

2021-02-15 14:44:03 Coinbase Ventures and Paradigm invest $12 million in Synthetix DeFi platform

Decentralized trading platform Synthetix has raised $12 million from venture capital firms Coinbase Ventures, Paradigm and IOSG. It's rare for venture backers to invest through the purchase of the platform's own token directly from its treasury, rather than transferring funds to its founders.

Synthetix is run by a DAO, or decentralized automated organization, which allows the project to manage itself without a traditional corporate structure. Token holders are usually encouraged to vote on the direction of the DAO.

In the case of Synthetix, a platform on which users can trade synthetic assets and commodities, they can also create these new assets using the platform's own synthetic token (SNX). The app has become a key component of decentralized finance (DeFi), with about $2.8 billion worth of cryptocurrency "locked up." Open / Comment

2021-02-14 16:39:02 Reflexer Labs raises $4 million to create RAI, an ETH-based stability asset

Pantera and Lemniscap are betting on stability in DeFi without the U.S. dollar by leading a $4.14 million round for Reflexer Labs, the creator of a new gentcoin called RAI, which matches the price of ether (ETH) minus volatility.

If a purely cryptocurrency token had an understandable value in product terms (for example, one token was consistently equal to four Snickers bars), it would correspond to the property of a "unit of account."

"Unit of account" is one aspect of the definition of money that major cryptocurrencies do not meet because of their volatility. That's what Reflexer is going for: it is planned as a cryptocurrency unit of account.

The new round precedes the announced launch of its RAI token in early March. Open / Comment

2021-02-14 12:26:02 Huobi Global launches 12 wrapped tokens on HECO network

According to an official announcement, Huobi Global has officially launched deposit and withdrawal services with ARPA, BAL, DAI, GOF, HBC, LAMB, LINK, LRC, PAX, SWFTC, USDC, a YFI token tied to the HECO network. It is reported that seven more will be added soon.

The aforementioned 12 wrapped tokens are tokens of the HECO network, and they do not support mutual transfer with other networks. Users must choose the correct "HECO" chain name when depositing and withdrawing tied tokens to avoid a situation where deposits and withdrawals are not published.

Currently, Huobi Eco Chain (Heco) has supported 29 assets, and Huobi Global has opened a section for deposits and withdrawals of the above assets (based on HECO). Open / Comment

2021-02-13 21:02:01 DeFi growth and Grayscale YFI security pushed YFI to a new record

Yearn.finance (YFI) saw a sharp spike, pushing the price to a new all-time high of $45,900.

Data from Cointelegraph Markets and TradingView shows that YFI hit a swing low of $33,638 before experiencing a 26% breakout.

The move appears to have been motivated by the company's Delaware registration, which showed that Grayscale Investments registered an LLC with a Yearn financial trust similar to its Bitcoin and Ethereum products.

In an effort to help the YFI protocol become the most extensive decentralized financial ecosystem, Yearn also announced a partnership with Badger DAO.

Together, Yearn.finance and BadgerDAO hope to build "best-in-class bitcoin storage" for the DeFi space. Open / Comment

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2021-02-12 18:09:35 Pros.finance has received its first 20 million investment from Hong Kong Rock Capital

Pros.finance, ProsSwap, a cross-chain decentralized trading platform, has received its first support of 20 million from Hard Rock Capital. These funds will be used to develop PROS and further redeem it on the secondary market. The investment will also be used to support ProsSwap's decentralization and development of the trading platform.

Hard Rock Capital is currently the largest private fund in Hong Kong specializing in cryptocurrency investment. Hard Rock Capital's first DEX-focused fund, DeFi, reaches $100 million. These funds are being used to accelerate the development of the fund's ecosystem.

Pros.finance (PROS) is a decentralized financial system that combines DeFi+DAO+NFT cross-chain technology. Open / Comment

2021-02-12 16:18:18 The core team of crypto company The Graph has founded Edge & Node

16 former members of The Graph, including The Graph's CEO Janiv Tal, have founded a new software development company, Edge & Node. The company will continue to support The Graph protocol and expand its horizons with hands-on application development for the DeFi and Web3 sectors.

"I'm excited that our team will continue to offer their skills to The Graph ecosystem as Edge & Node. Rather than becoming a giant corporation like tech companies of the past, we are excited to work closely with many independent crypto teams around the world and use protocols and decentralized technologies to scale across organizational boundaries and work to improve collaboration and reimagine the future of work," said the Edge & Node head. Open / Comment