Tag: Compound

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DeFi is ‘Designed to Avoid This Bullshit,’ Compound Founder Says About Crypto Bailouts

Decentralized finance (DeFi) protocols “don’t need to get bailed out,” and were “designed specifically to avoid this bullshit,” the founder of DeFi protocol Compound (COMP), Robert Leshner, has said. Discussing the troubles currently faced by centralized crypto lenders like Celsius (CEL), Voyager Digital, and BlockFi in a recent episode of the Unchained Podcast, Leshner said…
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Crypto Selloff Proves Computer Code Leads To ‘Better Outcome’ Than Human Discretion – Arthur Hayes

Pure decentralized finance (DeFi) protocols have fared far better than the more centralized crypto lending and borrowing companies during this bear market. This proves that computer code and transparent standards give “a better outcome,” crypto essayist and former BitMEX CEO Arthur Hayes wrote…. Read More: Crypto Selloff Proves Computer Code Leads To ‘Better Outcome’ Than…
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Lending Tokens See Broad Declines in June, But One Altcoin Stands Out

  Lending and borrowing in the crypto space are facing scrutiny, with many blaming just that activity for the latest crypto market sell-off. But how have the tokens in this category really performed during the market rout? We took a look to find out. The list contains tokens in the Lending & Borrowing category on…
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CEL Token Soars as Celsius Shareholder Proposes Recovery Plan, Celsius Pays Compound

  The troubled crypto lending and borrowing company Celsius’ CEL token jumped today, as a company shareholder proposed a recovery plan, and Celsius made a USD 10m payment to the decentralized finance (DeFi) platform Compound (COMP). A couple of good news related to Celsius seem to have led to a surge in the price of…
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Decentralized Autonomous Organization Statistics Show $10 Billion Is Held by DAO Treasuries

During the early years of the cryptocurrency space, decentralized autonomous organizations (DAOs) and smart contracts were discussed in theory. Nowadays many people consider The DAO, launched in 2016 by members of the Slock.it development team, to be the first smart contract-based DAO. In 2022, there’s a lot more DAOs, as statistics show that $10 billion…
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German Inflation Rate Jumps, Kazakhstan Mulls Higher Tax for Bitcoin Miners, Binance in Italy + More News

  Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: German Inflation Rate Jumps, Kazakhstan Mulls Higher Tax for Bitcoin Miners, Binance in Italy + More News  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Top 5 Wrapped Token Use Cases

  Wrapped tokens have made it possible to put digital assets like bitcoin (BTC) on Ethereum (ETH) so they can interact with decentralized finance (DeFi) applications. This has resulted in significant inflows of tokenized value on Ethereum, and other crypto networks, contributing to several wrapped coin use cases. Read on to discover the five most…
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Here are 3 ways hodlers can profit during bull and bear markets

The bull market may be over, but that doesn’t mean traders have to stop investing. Here are a few ways to invest in crypto even during a bear market. For years, cryptocurrency advocates have touted the world-changing capability of digital currency and blockchain technology. Yet with the passing of each market cycle, new projects come…
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Robinhood Domesticates Shiba Inu, Changes for Celsius Users in US + More News

  Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Robinhood Domesticates Shiba Inu, Changes for Celsius Users in US + More News  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Aussie fintech to offer mainstream direct access to DeFi with a fixed rate

Taking the “heavy lifting” out of DeFi — Block Earner has received $6.4 million in seed funding and is ready to offer fixed yields from Aave and Compound to Australian investors. Australian fintech company, Block Earner, has officially gone live, offering everyday investors a 7% fixed rate investment product by utilizing decentralized finance (DeFi) technology.…
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