DeFi | ForkLog - Part 87

ForkLog 19 26.08.2020

Assets Locked in DeFi Protocols Exceed $7 Billion

Assets locked in DeFi protocols total $7.05 billion. The six largest projects account for 90% of this amount. The Maker protocol ceded the lead to Aave. Data from DeFi Pulse.

AI translated

uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 7 24.08.2020

Curve founder raises voting power on Curve DAO to 71%

The founder of the DeFi startup Curve, Mikhail Egorov, gained voting rights on the platform amounting to 71% of the maximum possible. After criticism from the community, he reduced his stake to 60%.

AI translated

ForkLog 16 22.08.2020

DeFi Bulletin: Uniswap tops gas usage, while 1inch attracts investment

The decentralized finance (DeFi) sector continues to grow apace. Read about the most important events of the past weeks in ForkLog's special report.

AI translated

ForkLog 19 19.08.2020

New DeFi meme project Spaghetti Money raises $200 million in 12 hours

The unaudited new experimental DeFi protocol Spaghetti Money with the PASTA token eclipsed Yam, the pioneer of such projects. In 12 hours it drew more than $200 million into liquidity pools from yield farmers.

AI translated

ForkLog 25 18.08.2020

Ricardo Späni: Most DeFi Projects Lack Genuine Decentralisation

Many projects in the hype-fuelled sector of decentralized finance (DeFi) are indeed pursuing noble goals, but the problem is that their founders cannot offer true decentralisation. This is the view of Ricardo ‘Fluffypony’ Späni, a Monero maintainer and co‑founder of the Tari project.

AI translated

ForkLog 39 18.08.2020

yEarn Finance price surges on Binance, briefly ahead of Bitcoin

On Tuesday, August 18, the price of the DeFi platform token yEarn Finance (YFI) surged on the Binance exchange to $12,800. At the same time, Bitcoin was trading just above $12,200.

AI translated

ForkLog 21 18.08.2020

MakerDAO, Compound and dYdX join Huobi-backed DeFi consortium

Focused on developing projects in the field of decentralized finance (DeFi), Huobi's cryptocurrency exchange unit has formed the Global DeFi Alliance — “an international consortium of centralized and decentralized providers of financial services and platforms.”

AI translated

ForkLog 12 18.08.2020

Bitcoin tokenisation outpaces its issuance amid DeFi boom

From 9 to 14 August, miners mined 5,738 bitcoins. In the same period, in the most popular form of tokenisation of the first cryptocurrency, Wrapped Bitcoin (WBTC), 6,785 coins were created.

AI translated

ForkLog 18 17.08.2020

Expert doubts the estimates of funds locked in DeFi

The amount of funds locked in the 15 leading DeFi protocols is $3.5 billion, compared with more than $6 billion reported by DeFi Pulse. This conclusion was reached by Damir Bandalo, founder of the Encode Club blockchain community.

AI translated

ForkLog 30 17.08.2020

Survey finds a third of users do not understand DeFi

32% of participants in the cryptocurrency market admitted that they do not understand the basics of decentralized finance. The data come from a Blockfolio survey of the app that tracks cryptocurrency positions.

AI translated

ForkLog 5 15.08.2020

Value locked in Aave’s DeFi protocol surpasses $1 billion

Value locked in Aave's DeFi protocol rises to second place in the DeFi Pulse ranking. The amount of value locked on its smart contracts over the 24 hours rose by 19.26%, surpassing $1 billion.

AI translated

ForkLog 33 14.08.2020

Vitalik Buterin earned a few percent from yield farming

Ethereum co-founder Vitalik Buterin admitted that yield farming did not interest him.

AI translated

#DeFi