Top DeFi

2021-02-11 22:40:00 PowerPool releases PowerOracle V2 agreement maintenance system

The DeFi PowerPool (CVP) protocol team announced in a tweet the release of a key component of the DAMM (Dynamic AMM) infrastructure, the PowerOracle V2 protocol support system, and DAMM will be launched tomorrow.

The core element of PowerOracle V2 is the Poker agent, which can periodically invoke contracts and perform operations such as using DEX to calculate TWAP (time weighted average price) and implementing a weight change strategy in the DAMM pool to enable PowerOracle and DAMM pools. Poker can get gas compensation and income from pledging CVP tokens.

PowerOracle v2 was designed to support dynamically updatable systems such as PowerPool DAMM. Its architecture allows for scheduled weight change events for DAMM pools using the price and contract strategy data stream. Open / Comment

2021-02-06 15:28:11 Zilliqa launches ZWAP management token and distributes 80% to liquidity providers

The high performance blockchain team at Zilliqa (ZIL), ranked 55th by market capitalization, today, February 4, announced in an official tweet the launch of the ZilSwap community management token (ZWAP).

"Don't wait any longer, the official ZWAP token giveaway on ZilSwap has already started! Just connect your wallet to zilswap.io to view and claim ZWAP reward tokens. Want to add more liquidity? Visit ZilSwap's new "Pool Review" page!"

"ZWAP is designed to give control of ZilSwap to the community. 8,500 ZWAPs, equivalent to 20% of the ZWAP given out, are allocated to traders, and 34,000 ZWAPs, equivalent to 80%, will be paid out as rewards to users who have contributed liquidity," the post reads. Open / Comment

2021-02-04 17:59:24 Oasis Protocol Joins Asia DeFi Alliance

On February 3, Oasis Protocol joined the Asia DeFi Alliance (ADA), initiated by MoonSwap to co-build the DeFi ecosystem and thrive. The Asia DeFi Alliance announced this in an official tweet.

The Oasis Network (ROSE) is positioned by developers as a powerful blockchain network for DeFi and open data.

"Designed for the next generation of blockchain, the Oasis Network is the first privacy-enabled blockchain platform for open finance and the responsible data economy. Combined with its high bandwidth and secure architecture, the Oasis Network is capable of delivering private, scalable DeFi," the developers write.

The goal of the Asia DeFi Alliance is to promote mass adoption of DeFi.

"ADA aims to connect the Asian DeFi community to the world by helping DeFi grow in a healthier way," the alliance reports Open / Comment

2021-01-31 22:32:58 Sovryn's bitcoin-based DeFi protocol raised $2.5 million

Bitcoin-based decentralized finance (DeFi) protocol Sovryn announced Thursday that it has raised $2.5 million in a pre-sale of tokens. Co-founder Edan Yago said the funds are mainly for further development of the Sovryn protocol, its security and its bug bounty program.

He said the pre-sale was reserved for his community, allowing participants to protect their right to buy SOV, the protocol's own token, which launches next month.

Jago said the protocol's transaction fees are 30 to 100 times lower than those of Ethereum-based DeFi protocols. The current average transaction cost in Ethereum is about $8.5, according to YCharts. Open / Comment

2021-01-30 14:27:55 Injective and AllianceBlock promise to launch decentralized oil and gas futures

In traditional finance, oil and gas futures cover a multitrillion-dollar market, but until now have not been available in the DeFi ecosystem.

Developers promise that users will be able to access these derivatives "in the coming months" "on a leveraged derivatives exchange with up to 20x leverage." In their view, this partnership "marks an important step forward toward creating a comprehensive bridge between the world of traditional and decentralized finance."

Injective has already added a number of innovative markets to its derivatives exchange, including derivatives for income farming and even stocks such as Tesla. Going forward, Injective will also reportedly look to use AllianceBlock's innovative hedging product for potential non-permanent losses to expand its derivatives trading ecosystem. Open / Comment

2021-01-29 12:46:02 DEX index adds 4%, 15 DeFi coins show gains

According to Coin World Research Institute, the DEX Index gained 4% and the total value of blocked assets in DeFi is $35.74 billion. In addition, it is reported that 15 currencies in the DeFi sector continued to rise today despite a 3% drop in the major cryptocurrency.

The total value of blockchain assets in DeFi is $35.74 billion. Maker (MKR) is in first place with a total blocked asset value of $4.4 billion.

15 currencies in the DeFi sector continued to rise. In the Oracles sector, DIA added 3.90%; in the DEX sector, Serum (SRM) had the highest growth of 2.79%; in the DAO sector, Kleros (PNK) showed a significant increase, rising 23.67%; in the Lending sector, AAVE added 2.23%; of the remaining coins, Pearl Finance (PEARL) showed +14.59%. Open / Comment

2021-01-25 13:43:47 Kyber Network announces "massive" protocol update

The developers of Kyber Network have announced a transition to version 3.0, which will turn the decentralized exchange (DEX) into a "hub of targeted liquidity protocols for various DeFi use cases.

During the upgrade, the developers will launch a so-called dynamic market maker (DMM). It is expected to mitigate the so-called "volatile losses" resulting from price spikes and capital allocation inefficiencies common to DEXs operating under the automatic market maker model (AMM).

"Kyber DMM will give unlimited access to anyone to provide and receive liquidity placed in pools (dapps, aggregators, users)," reads the project's blog. Open / Comment

2021-01-17 21:43:40 Synthetix has launched the core L2 Optimistic Ethereum network

Synthetix announced that the Layer 2 Optimism scalability solution within the Ethereum scalability project, Optimistic Virtual Machine (OVM), has been implemented and launched on the L2 Optimistic Ethereum Mainnet (OΞ).

Synthetics attributed the move to the fact that "OΞ is the first scalable solution that has full cross-tier porting functionality that does not require smart contract rewrites."

This means Synthetics can run its smart contracts on OVM without any code changes.

The first transactions are done through Synthetix's decentralized exchange, which is currently running on the main OΞ network. Users can stack their own SNX protocol token for network security and profit. Open / Comment

2021-01-17 09:17:21 Pickle Finance launches MIC-USDT " jar"

Pickle allows users to earn PICKLE tokens in exchange for liquidity in pools of stabelcoins called " jars." It is reported that the new jar currently provides 93,501% APY, although it is expected that as automatic componenting is implemented throughout the year, the APY will decrease as TVL grows.

The MIC/USDT jar follows the BAC/DAI jar announced earlier this week. Both Basis Cash (BAC) and Mith Cash (MIC) are algorithmic stackcoins that encourage users to burn their stackcoins when they fall below the peg. In theory, this should offer the possibility of profitable farming with low periodic losses, although this model is still experimental. Open / Comment

2021-01-15 21:13:50 dForce will soon launch a multicryptoasset and lending protocol

Decentralized financial protocol dForce (DF) announced that "in the near future" it will launch a lending protocol with multiple cryptocurrency collateral and credits, which could create a protocol with redundant collateral for multiple cryptocurrencies over a common lending protocol and combine it all with a partially secured algorithmic stablcoin. And this is no joke.

According to Mindao Yang, one of the most important launches for dForce (DF) this year is on the way: lending + multi-currency collateralized stablecoin + algorithmic stablecoin with fractional reserve.

He said that the launch will consist of several stages. The first phase will be a lending protocol that provides advanced risk modeling factors such as:

→ LTV ratio for leveraged assets.
→ Loan/delivery constraint
→ Offchain monitoring setup Open / Comment