Top DeFi

2021-08-23 13:33:06 The value of DeFi funds will reach $800 billion in 2022

The value of funds locked up in the DeFi decentralized funding marketplace came close to $133 billion this week.

The increase comes on the back of another run by bitcoin, which broke through resistance today near $50,000.

As a reminder, the lion's share of DeFi projects are deployed on ethereum. They have accumulated assets totaling up to $84.5 billion (according to DeFiPulse.com).

One of the founders of the Vasper platform, Matthew Roszak, predicts that over the next few months, we will see the value of funds accumulated in the decentralized finance market add up.

And the same expert does not exclude that next year the value of digital assets in this market will reach $ 800 billion, cited by Business Insider. Open / Comment

2021-08-16 22:22:47 55% of the top 100 banks have an impact on the crypto industry

According to a study by Blockdata, blockchain market analysts, 55 of the top 100 banks by assets under management (AUM) have some form of exposure to the new technology. This involvement reportedly affects direct and indirect investments in crypto and decentralized technology firms by the banks themselves or through their subsidiaries. Blockdata research puts Barclays, Citigroup and Goldman Sachs among the most active backers of crypto and blockchain firms, and JPMorgan and BNP Paribas are also identified as investors in the emerging space.

These investments are part of a broader trend of significant support for blockchain startups, with funding figures already doubling the amount recorded in 2020, according to the KPMG report. The study also shows that holding crypto assets is a major focus for banks diving into the crypto industry. Open / Comment

2021-08-14 09:32:14 Cryption Network will use Chainlink VRF in PolyDex Second Chance pools

Cryption Network has announced the use of Chainlink VRF on the Polygon core network for fair randomness in PolyDex Second Chance reward pools.

Users can enter the pool with a specific token. Chainlink VRF will be used to select winners in an unbiased and verifiable way with protection against unauthorized access. With the PolyDex Second Chance design, losers of the first draw get a second chance. They will be given a token that can be used to play again, giving all players a second chance to win.

Chainlink VRF is an industry-leading random number generator (RNG) solution for smart contracts. It is secure and fully verified in the chain using cryptographic proofs that verify the integrity of the randomness process. Open / Comment

2021-08-08 09:57:16 Phantom was launched on Conflux Network

Phantom Network, a DeFi and NFT platform project based on synthetic assets, recently announced the launch of its main network at Conflux Network (CFX, 167th by market capitalization) via its official Twitter feed. Simultaneously with the launch of the core network, Phantom Network started liquidity mining based on Conflux Network.

Phantom Network has previously attracted investments from Conflux, DFG, Gateio, MXC, LD Capital and Kairos Ventures. Phantom Network's TVL is currently about $4 million, with plans to release network services on Ethereum and BSC in the future.

"The Phantom core network has officially launched. This launch marks the completion of the first phase of Phantom Protocol development and the public disclosure of the platform. Users will be able to participate in launchpool mining after the official launch of the platform," the statement reads. Open / Comment

2021-08-07 12:58:47 ​​DeFi Arabic Cash exited the Pre-sale and launched trading on PancakeSwap.

The next goal of the project is to launch its own DEX. According to project analysts, the launch should take place this fall.

In the early days of trading, Arabic Cash launched several offers for holders:

Increased staking in the first month of trading - all liquidity providers receive a 10% reward in August

Recently, the project launched pharming on its official website https://arabic.cash.

The period is up to 60 days.
Farming pool - 300,000 ABIC,
Proportional distribution of remuneration among all farm participants - the larger the volume, the greater the reward.

Lottery: In August, all liquidity providers can participate in the 170,000 ABIC draw

Development plans:
- Filling the liquidity pool (with a capitalization of $ 25-30 million, its own DEX will be launched)
- Launch your own DEX
- Access to major exchanges
- Upon reaching a capitalization of $ 300-400 million, a crypto-bank based on Arabic Cash will be launched, operating on the principles of deFi-loans and deposits.

Telegram channel of the project:
https://t.me/ArabicCash

Official site:
https://arabic.cash/#/abic Open / Comment

2021-08-06 15:18:39 Whalefall launched DeFi and DEX Whaleport universal service on BSC

Coinness announced today that WhalePort, the universal DeFi platform for WhaleFall, a community management project based on the Binance Smart Chain (BSC), was launched on the 30th of last month.

The WHALE-USDT pool and a single WHALE pool are currently in use. The WHALE-USDT pool provides a total of 10 trillion WHALEs for 100 days and the single WHALE pool provides a total of 5 trillion WHALE rewards for 100 days.

On the other hand, WHALE, a Whalefall management token, has been listed for about 47 days and currently has a market capitalization of about 85 billion won and an LP stock of about $7.4 million. In addition, in the official community, Whalefall announced the launch of the first Whalefall Shrimp Token ecosystem project. Open / Comment

2021-07-31 11:21:20 Poker Professionals Raised $130 Million for DeFi Deals

Ascensive Assets, an investment firm led by former professional poker players, has raised a $130 million fund that will focus on the DeFi market.

The latter fund eclipses Ascensive's $24 million fundraising back in 2019, which supported the likes of Polkaswap, Benqi, Yield Guild Games and JennyDAO. From an investor perspective, the round was mostly filled with wealthy people from China, Hong Kong, Macau, Singapore and Malaysia, many of whom are connected to the world of professional poker and gambling, Ascensive Assets partner Oliver Blakey said.

"These are casino owners, private bookmakers and Asian wealthy people, usually from the gambling world," Blakey said in an interview. "I think the gambling mentality is in their DNA. We've always known this world and of course everyone wants to get to know this industry now." Open / Comment

2021-07-30 07:25:24 PayPal is preparing to launch a super app for cryptocurrencies

Payment service provider PaуPal said that customers of the service will not have to wait long to get access to cryptocurrencies through the platform.

PaуPal director Dan Schulman said that the first version of the company's super wallet application has already been created. The president of PaуPal promised that the company will introduce the wallet in the U.S. within a few months.

The wallet will feature high returns, the ability to make direct deposits, messaging features, "additional cryptographic capabilities," etc. Shulman said each wallet will be "unique, driven by artificial intelligence and machine learning.

In the PaуPal reported that as of June 0, the service had more than 400 million active user accounts, and the total payment volume for the second quarter of 2021 amounted to $ 11 billion. Open / Comment

2021-07-28 20:16:18 China is suspected of wanting to completely ban bitcoin

One of China's first crypto-billionaires and founder of the crypto exchange BTC China, Bobby Li, suspected the Chinese authorities of wanting to completely ban the storage of bitcoin and other digital currencies. He said this in an interview with Bloomberg.

"The last straw would be something like a complete ban on cryptocurrencies. I estimate the odds are 50-50," Li noted. He believes Chinese authorities have declared war on bitcoin because they do not want to deal with an unregulated financial product. Li also advised miners to sell their equipment before it gets too cheap.

However, the entrepreneur is still optimistic about the future of bitcoin. Lee believes that the rate of the most popular cryptocurrency may grow to $250,000 this year and to one million dollars by 2025. Bitcoin's success has never depended on China or any other country, the crypto-billionaire stressed. Open / Comment

2021-07-28 18:13:14 Sale of CosmoArt collection starts now!
Don't miss the opportunity to purchase NFT at the lowest price
CosmoFund also developed a telegram bot, in which Cosmo giveaways and NFT draws are running Open / Comment