Tag: DeFi

How Dogeliens Is Building The Best DeFi Ecosystem Like Binance Chain And Axie Infinity

Place/Date: – December 11th, 2022 at 11:26 am UTC · 4 min read Source: Dogeliens Dogeliens is a meme coin in the family of dog tokens. It is both similar and different from meme coins like DOGE and Shiba Inu. To begin with, Dogeliens relies on a community to thrive. Such characteristic is common with meme coins. For example, Shiba Inu started at almost zero value and grew into billions of dollars due to a large community. Similarly, Dogeliens has spent years building values that can attract several thousand or…

A year after Taproot, Bitcoin community works to unlock its DeFi potential

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Taproot support across the industry is still crawling one year after the Bitcoin soft fork, indicating a strong potential for innovation and broader adoption of Web3 solutions to be unlocked through the world’s largest cryptocurrency, sources told Cointelegraph.  “Since early on, Satoshi predicted that layers being built on top of the Bitcoin blockchain would enable Bitcoin to move beyond being only sound money by adding programmability, which makes Bitcoin the optimal framework to build out Web3 capabilities,” noted Alex Miller, CEO of the Web3 developer platform Hiro. The Taproot upgrade took…

Grayscale, in the Spotlight as GBTC Discount Widens, Says DeFi Fund Now Trading

The trading debut for the new fund, under the symbol “DEFG,” comes as the shares of Grayscale’s largest fund, the Grayscale Bitcoin Trust (GBTC), are trading a record 47% discount to the value of the underlying cryptocurrency. Grayscale has said it’s operating business as usual, but speculation about the fund’s future has arisen among traders and on Twitter in recent weeks amid swirling questions about the finances of Grayscale’s parent company, Digital Currency Group, after a halt in crypto lending operations at another subsidiary, Genesis Global Capital. (CoinDesk is also…

Big Eyes Coin, AAVE, and PANCAKESWAP: DeFi Tokens You Should Consider Adding to Your Portfolio

Place/Date: – December 9th, 2022 at 4:58 am UTC · 4 min read Source: Big Eyes Coin The growth of decentralized finance has brought delight to many. The sector’s increasing profitability signifies more opportunities for crypto investors to build or improve their wealth. Those that benefit from the last DeFi boom will be hoping to make the most of the imminent one, and newbies are anticipating the predicted surge in the sector. Learning more about DeFi and committing to DeFi-related projects are ways to profit from the sector, and analysts…

Drones, Fertility, and Defi — A Look at Alameda Research’s Massive $5.4 Billion Portfolio of Investments – Bitcoin News

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Over the last few weeks, there’s been a lot of information revealed surrounding the recent FTX and Alameda Research disaster. On Dec. 6, the Financial Times (FT) published documentation that shows Alameda’s investment portfolio, which alleges the company spent more than $5 billion on hundreds of investments. Some of the funds went to odd investments like a fertility company called Ivy Natal and a drone manufacturer called Brinc Drones. Alameda Invested in Close to 500 Firms and Projects During the last two years, FTX and Alameda Research spent billions on…

DeFi Project Mercurial Plots Revamp and New Tokens Following ‘Toxic’ Association With FTX

“In summary, the only liquid tokens in the market came from Alameda Market Making (3%), IEO/IDO participants (0.3%), private investors (1.6%) and the liquidity mining rewards for our stable pools,” the team stated. This created constant sell-side liquidity for MER tokens on the open market, which is now deemed detrimental given the troubles at Alameda and FTX. Source AssociationDeFiFTXMercurialPlotsProjectRevampTokensToxic CryptoX Portal