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Bitfinex DeFi Offshoot Burns $20M Tokens in Bid to Drive DEX Adoption

News DeversiFi, the decentralized exchange (DEX) spin-off of former Bitfinex sister exchange Ethfinex, has burned $20 million worth of its governance and utility token, Nectar (NEC). According to a statement, March 30, this is designed to drive DEX adoption after large centralized exchanges strugg..

Tron Launches Djed, a Platform That Looks Suspiciously Like MakerDAO

News On March 28, Tron (TRX) founder Justin Sun tweeted to announce the release of Djed, a system for collateralized loans he described as “something new.” The platform was immediately criticized as many see it as a plagiarized version of MakerDAO (MKR). Sun teased the launch on Jan. 16 when Sun l..

Ethereum Community Cries Foul as Tron Launches MakerDAO-Esque App

As Blockonomi has covered extensively over the past few months, decentralized finance (DeFi) has exploded in popularity; the idea of putting financial applications into a decentralized medium, thereby increasing functionality and access, has attracted thousands of users and hundreds of millions of d..

Book Review – CoinGecko’s ‘How to DeFi’

Review Decentralized Finance (DeFi) is certainly the buzz-phrase in the cryptocurrency world right now. But although we are hearing more and more about the potential of this technological breakthrough to revolutionize the world of traditional finance, many are still unsure of what DeFi actually in..

DeFi Cannibalizes Ethereum Block Space

News Data published by Ganesh Swami, the co-founder of Ethereum (ETH) analysis firm, Covalent, indicates that decentralized finance, or DeFi, transactions are representing an increasing share of Ethereum block space at the expense of ETH transfers. Swami analyzed the gas costs incurred by Ethereum..

How Market Volatility Is Shining a Light on DeFi’s Structural Vulnerabilities

Opinion On March 12, United States President Donald Trump gave a 10-minute speech on COVID-19 that, coupled with the World Health Organization’s official declaration the day before that the outbreak was now a pandemic, sparked panic across global markets. Investors rushed to the safety of cash, an..

Back From the Crypt: MakerDAO Toes the Line Between Life and Death

Follow up The crypto industry is young, and in emerging tech, a handful of companies often lead the charge. For those holding equity in these companies, this is generally considered something to be encouraged. For everyone else, it is not. The recent rise of decentralized finance has been no diffe..

AI Meme Content Creators Benefit From New DeFi Revenue Model

News We’re sorry but this article was published in error before the embargo date. Please check back on March 30 for the full story.

Coinbase Wallet Integrates Support for DeFi Lending Apps

News Leading U.S.-based cryptocurrency exchange, Coinbase, has integrated support for decentralized finance (DeFi) protocols on its wallet app. Per a March 26 announcement, Coinbase Wallet will now allow users to earn interest on cryptocurrencies through the DeFi apps, Compound, and dYdX. While th..

Maker Foundation Hands Control of MKR Token Over to the Community

Maker, the leading dApp to date in Ethereum’s rising decentralized finance sector, is now that much more decentralized. On Wednesday, March 25th, the Maker Foundation — the non-profit organization that has served to steward the young MakerDAO project — announced it had completely transitioned contr..

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