This Week In DeFi – May 20

To the DeFi community, This week the Terra community is currently voting for or against a fork of the network, with a potential new chain that removes the UST stablecoin from the equation. Although the current governance voting is skewed highly in favor of the fork, a large proportion of the community appears to be … Read more

This Week In DeFi – May 13

To the DeFi community, This week, TerraUSD took center stage for unfortunate reasons, as the third-largest stablecoin lost its peg – sending Terra’s native LUNA token into a “death spiral”. Kick-started by an apparent attack on the system, a significant de-pegging of UST to the dollar resulted in a rush to the exits by token … Read more

This Week in DeFi – May 6

To the DeFi community, This week Tron’s new algorithmic stablecoin USDD has gone live, with promises of a 30% annual yield. Following in the footsteps of the Terra USD’s Luna Foundation Guard, Tron DAO is seeking to accumulate $10 billion in reserves for the stablecoin to stabilize its price. If successful, USDD may suck some … Read more

This Week in DeFi – April 29

To the DeFi community, This week Optimism $OP token rumors come true, as the Ethereum Layer-2 scaling solution announces new plans for its governance structure and token distribution. The “Optimism Collective” will be governed by two houses; The Citizen’s House will govern public goods funding, while the Token House will govern protocol upgrades and project … Read more

This Week in DeFi – April 22

To the DeFi community, This week Tron crashed the algorithmic stablecoin party, announcing that it will launch its very own USDD stablecoin May 5th. The coin will be supported with TRX and $10 billion worth of crypto reserves – as well as offering 30% interest rate. This may be one to watch, as it attracts … Read more

What Is Yield Farming?

Yield farming is a term used for describing the returns in the “rewarding scheme” that generates rewards for locking up funds through DeFi platforms. To grasp the basic concept, think of it being similar to the interest you earn when you lend out money. In DeFi though, the “rewards” are given in a more complex … Read more

Elrond to Launch Gold and Silver Backed DeFi

High-throughput blockchain platform Elrond is delving deeper into decentralized finance with its latest offering which will tokenize precious metals. Sponsored Sponsored Elrond has gone into partnership with U.K. fintech firm Aurus that facilitates the tokenization of precious metals and commodities. Three tokens for gold, silver, and platinum — AWG, AWS, and AWP — will be issued … Read more