DeFi (Decentralized Finance) platforms are more decentralized than traditional exchanges, however calling them decentralized is sometimes a stretch. Most of them are developed and managed by centralized foundations with a figurehead. Governance…
Category: DeFi
Bitcoin DeFi: Self-Repaying Loans Are Coming To Stacks And Sovryn
Self-repaying loans are not a novel concept in DeFi, there are already implemented by several projects, such as Alchemix on Ethereum. The concept is simple: you borrow a stablecoin from a smart-contract,…
DeFi Exchange dYdX surpasses Coinbase in trading volume
dYdX is a derivative DEX backed by Coinbase (yes, another one). It is based on StarkWare (Ethereum Layer-2). Ii and is backed by the usual suspects: Coinbase, Andreesen Horowitz, Brian Armstrong, Paradigm,…
Portal Secures $8.5M From Coinbase for Bitcoin Layer-2 DEX. What is Portal/Fabric?
Portal is self-hosted wallet and DEX (Decentralized Exchange) built on top of Layer-2 platform Fabric. It utilizes Atomic-Swaps to exchange Bitcoin and other cryptocurrencies natively (not wrapped tokens). Fabric is a “layer-2…
Bitcoin Transactions Come To The Internet Computer Smart-Contracts
The community voted in favor of integrating Bitcoin into Dfinity’s Internet Computer (IC). This upgrade includes two different capabilities: Smart-contracts will be able to validate and make native Bitcoin transactions. Smart-contracts and…
277 BTC stolen in attack to pBTC bridge on pNetwork
pNetwork is a cross-chain DeFi platform on top of Binance Smart Chain (BSC). The attacker stole actual BTC on Bitcoin’s blockchain, not pBTC which is the wrapped BTC on pNetwork. Cross-chain bridges…
Launch of Wormhole bridge between Ethereum and Solana
The Wormhole Network has announced on Twitter the launch of the Wormhole V2 bridge between ERC-20 tokens and Solana’s SPL: A quick description of this protocol can be found here: https://wormholecrypto.medium.com/?p=32b16d795c01 Cross-chain…
Bitcoin DeFi Token Sovryn (SOV) Lists on Singapore-based exchange AscendEX
Sovryn (SOV) token listed on the Chinese crypo exchange AscendEX (based in Singapore). Sovryn is a DeFi platform built on Rootstock (Bitcoin layer-2).
Avalanche raises $230 Million Investment Led by Polychain and Three Arrows Capital
The Avalanche foundation has raised $230 million investment in a private token sale from investors led by Polychain and Three Arrows Capital. Other investors include R/Crypto Fund, Dragonfly, CMS Holdings, Collab+Currency, Lvna…