This Week in DeFi – April 8

To the DeFi community, This week Terra founder Do Kwon has declared war against prominent Dai stablecoin (DAI), via the launch of “4pool” – a stablecoin liquidity pool on Curve with an emphasis on UST and FRAX. The pool is attempting to attract liquidity from “3pool”, a similar pool containing DAI, by using large quantities … Read more

BarnBridge Partners with Optimism to Launch SMART Alpha Pools for Synthetix and Chainlink

We’re excited to announce that SMART Alpha is now integrated and launched on Optimism. One of our key goals is lowering barriers to entry for people looking to hedge or leverage their assets. The high gas fees on Ethereum L1 makes it prohibitive for both the average retail investor to use SMART Alpha and for … Read more

Ignition: Synthetix (SNX) Token Reactor Deposits Now Live ⚔️

The Synthetix (SNX) Token Reactor is now live for deposits. You may now begin depositing SNX and earn TOKE on tokemak.xyz tAsset Reminder All Token Reactor deposits give you 1:1 tABC assets that are a claim on the underlying deposited assets. If you deposit 10 SNX, you will receive 10 tSNX tokens. Please keep in … Read more

Promise and Problems of the DeFi Oracle — When Data Fails

Decentralized Finance (DeFi) has had a meteoric rise over the last year. This spectrum of protocols and projects all hinges on the ability of code to replace trust. However, what happens when the data fails? Sponsored Sponsored In the world of traditional finance, we typically rely on the banking system as an intermediary to execute … Read more

How to buy and earn SNX on Bancor

Bancor is now the cheapest place to buy $SNX in DeFi thanks to having the lowest trading fees (0.2%) and the deepest liquidity ($13.8m as of 09/2021). Here, we will show you how to buy $SNX and stake it on Bancor to earn low-risk, passive yield on your $SNX. 1. Ensure you have Metamask installed … Read more

This Week in DeFi – August 6

To the DeFi community, This week, dYdX introduced the dYdX Foundation, designed to support and grow the dYdX L2 protocol, including funding research and conduct business on behalf of the protocol, on the path to full decentralization.  To that end, the dYdX token was also announced this week, a governance token that enables rewards and … Read more

Uniswap Restricts Access To Synthetic Assets In DApp UI

The Uniswap team has restricted access to several dozen tokens from their user interface, leaving users questioning the role of decentralized governance in the move. As of today, we have started restricting access to a small number of tokens at https://t.co/liqYXtQoM2 These changes pertain to the interface at https://t.co/liqYXtQoM2 — the Protocol remains entirely autonomous, … Read more

1inch integrates Curve’s sUSD pool with Synthetix staking

1inch users are set to benefit from the pool’s high annual percentage rate (APR) and extra staking rewards from Synthetix. We are constantly looking for new opportunities for our users to cash in, and here’s a new one: 1inch has added native integration with Curve’s sUSD exchange liquidity pool and Synthetix staking. Users who provide … Read more

1inch implements integration with Synthetix Exchange

Thanks to this integration, users will be able to swap their tokens into Synthetix sUSD and then conveniently trade any Synth assets in 1inch’s user-friendly interface. In this post, we’ll explain how to trade Synthetix’ Synths tokens on 1inch without having to go to Synthetix exchange. We have recently implemented deep integration with Synthetix.Exchange. As … Read more

This Week in DeFi – April 2

To the DeFi community, This week, the dam finally broke as a flood of new Ethereum-based L2 DeFi offerings hit the market, opening the way for millions of new users to get in on the action without breaking the bank on gas fees. Dharma announced Gas-Lite, bringing one-tap access to depositing funds in blue-chip DeFi … Read more