Tag: DeFi

How Jump Crypto Is Supporting Web3 Projects Across the DeFi Ecosystem

Pyth has been on mainnet, or tested and deployed, for over a year as an on-chain oracle. Natively built on Solana, Pyth recently announced that through Wormhole, its high-fidelity data will now be accessible to projects building on BNB Chain, and soon live on Ethereum, Polygon, Avalanche, Arbitrum, Aptos, Sui and many others. The primary users of Pyth are on-chain projects and protocols, but the use cases have also expanded off-chain. There are close to 100 price feeds, with plans in the works to add more and onboard additional data…

Polygon Launches zkEVM Testnet — Defi Projects Uniswap, Lens, Aave Join Testing – Technology Bitcoin News

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The blockchain project Polygon has announced the launch of the zkEVM public testnet, a layer two (L2) scaling solution announced in July that aims to reduce fees and inherit the security of the Ethereum blockchain. Polygon considers the testnet “the first open-source zkEVM network,” and developers are encouraging people to join the testnet, report bugs, and explore the code hosted on Github. Polygon Releases zkEVM Test Network On Monday, Polygon announced the project’s zkEVM testnet is live and the project’s team is inviting users to help them “battle-test” and speed…

Value Held by Blockchain Oracles Slides 61% in 7 Months, Chainlink Dominates by 45% – Defi Bitcoin News

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While the crypto economy has shed significant value, losing more than $2 trillion since the highs recorded at the end of 2021, a great deal of value was erased from smart contract platform tokens and decentralized finance (defi) protocols. One sector of the defi ecosystem that’s recorded heavy losses this year is the blockchain oracles space, as a great number of oracles secure a lot less value than they did seven months ago. While there are more than two dozen oracles today and there were only 17 at the beginning…

Reuniting Borrowers and Lenders on DeFi

Well, Morpho has a thorny relationship with its pool-oriented peers. It relies on Aave and Compound pools when individual borrowers and lenders can’t be matched, but Morpho also hopes to siphon money from the pools into its own protocol. “The system is not generating more rewards,” says Frambot, “Aave users are just going to earn less and it’s going to be deposited to the Morpho users.” Source

DeFi VS Legacy Banking | CCG

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We’ve all seen it by now – the death of the high street bank. We’ve even experienced it – when is the last time you stepped foot inside a bank branch? It’s pretty obvious by now. We are a digital society. Even before the pandemic hit and turned our worlds upside down, Millenials and Gen-Zers everywhere started to rely more on the internet for their daily needs, from ordering food instead of going grocery shopping to making payments through e-banking solutions instead of physically going to ATM machines or banks.…

NATIONAL EMERGENCY [Protesters SWARM] in Sri Lanka 👉 Country Declares BANKRUPTCY! [Bitcoin News]

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Protesters SWARM as Sri Lanka Declares BANKRUPTCY! Bitcoin & Crypto’s Star Continues to RISE! Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Sri Lanka is bankrupt | Worst financial crisis in DECADES 2:01 – How did Sri Lanka get to this point? 4:23 – Bank runs & protests abound 5:19 – Bitcoin can help fix this 6:01 – Bank of England Wants Stricter Rules for…