Five days ago, the total value locked (TVL) in decentralized finance (defi) protocols exceeded the $80 billion mark, and since that point, it has expanded by an additional $11.66 billion. As it hovers above the $91 billion threshold, the TVL is approaching the $100 billion milestone, a figure not observed since before the collapse of […] Source CryptoX Portal
San Francisco, California, February 28th, 2024, Chainwire Algotech Presale Revolutionizes DeFi Scene, Surpassing $1 Million Raised in Just Weeks. Algotech Presale Revolutionizes DeFi Scene, Surpassing $1 Million Raised in Just Weeks! Emerging Cryptocurrency trading platform Algotech (ALGT) known to be famous with its cutting-edge features. The TradFi platform features advanced algorithms to provide a competitive edge to traders. The platform initially gained traction for its convergence of artificial intelligence (AI) and blockchain technology. Algotech’s technical infrastructure leverages the latest developments in AI technology to provide a superior trading experience to…
Risk Management in DeFi: Paternalism vs. the Invisible Hand Source
Curve Finance‘s decentralized finance (defi) expansion plans highlight the deployment of new lending contracts, enabling arbitrage traders to capitalize on profitable trading opportunities. Curve rolls out new lending contracts The introduction of lending contracts by Curve Finance opens up new avenues for arbitrage traders, presenting them with the opportunity to potentially secure substantial profits. The deployment of these lending contracts signifies Curve’s entry into the competitive defi lending market. By allowing users to lend their assets through smart contracts, Curve is diversifying its offerings and providing its users with more…
On Feb. 22, 2024, the primary development group of the BNB Chain revealed that the decentralized finance (defi) money market protocol, Aave, has been successfully launched on the BNB network. Boasting a total value locked (TVL) of $8.571 billion, Aave is now active across 13 blockchains in total. Aave Goes Live on BNB Chain The […] Source CryptoX Portal
PRESS RELEASE. LBank Labs, a leading blockchain investment fund of $100M AUM announced today its participation in a strategic funding round for FortyTwo, a revolutionary UX frontend for decentralized finance (DeFi) across the interchain ecosystem. The investment round also saw participation from a distinguished list of funds and angel investors. FortyTwo is actively developing technology […] Source CryptoX Portal
Following the Lego-like power principle of DeFi, the new system combines building blocks like Euler Vault Kit (EVK), which empowers builders to deploy and chain together their own customized lending vaults in a permissionless manner, and an Ethereum Vault Connector (EVC), which enables vaults to be used as collateral for other vaults, the company said in a press release. Source
Analysts at Pantera Capital see a half-trillion-dollar opportunity in bringing decentralized finance to Bitcoin, potentially making Bitcoin-based decentralized apps top assets in crypto. Pantera Capital analysts have identified a significant opportunity worth over half a trillion dollars in bringing decentralized finance (defi) to the Bitcoin blockchain, potentially positioning Bitcoin-based decentralized applications as leading assets in the crypto space. In a recent email newsletter, Pantera Capital highlighted the potential for Bitcoin to accumulate $450 billion in liquidity through defi projects, particularly if they achieve similar market shares as those that can…
PRESS RELEASE. 21st February, 2024 – Roqqu, a leading African blockchain technology company with over 1.6 million users and a vibrant community of 700,000 active users, is thrilled to announce the listing of VERSE token, the official utility and rewards token of Bitcoin.com, on its robust wallet platform. This integration marks a significant stride in […] Original
On Tuesday, Pyth Network announced the rollout of real-time price feeds for bitcoin exchange-traded funds (ETFs), enhancing the data’s availability to both decentralized finance (defi) developers and the wider crypto and traditional financial communities. These feeds encapsulate data from 13 bitcoin exchange-traded products (ETPs), offering valuable insights. Pyth Network Launches Real-Time Feeds for Bitcoin ETFs […] Original