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Examining Synthetix: the Ethereum DeFi Project Making Waves This Week

Never heard of the Synthetix (SNX) project? You’re not alone. Some stakeholders in the Ethereum ecosystem are just now hearing about Synthetix after the address linked to the popular Silicon Valley venture capital firm Andreessen Horowitz, or a16z, bought up approximately $235,000 USD worth of SNX ..

Ether Up: New Record Set for Total Value (in ETH) Locked in DeFi

Signals of growth continue to light the way forward for the Ethereum ecosystem, with the latest being a newly established record for the total value locked in decentralized finance projects when that value is denominated in ether (ETH). That’s per tracker site DeFi Pulse, whose “Total Value Locked ..

DIY Money: A Major Growing Trend in Ethereum DeFi

Call it Open Finance. Call it DeFi. Call it whatever you’d like. In any case, a major trend in the Ethereum ecosystem lately is disintermediating complex financial operations to make it easier than ever for users to turn money services into a “do it yourself,” or DIY, activity. The latest developme..

DEFX: Nasdaq Adds New Index That Tracks DeFi Crypto Projects

The operators of the Nasdaq, the second-largest stock exchange in the world, have added a new index to their bustling platform that notably tracks cryptoeconomy and decentralized finance (DeFi) natives like Augur and MakerDAO. That index, dubbed DeFiX, is backed by the international brokerage brand..

Money Lego: Compound Finance Is a Growing Hit in Ethereum DeFi

In recent months, Compound Finance has become one of the most popular lending platforms in the entire cryptoeconomy. Can it become the most popular? To be sure, it remains to be seen if Compound will one day unseat Dai builders Maker atop the DeFi ecosystem, even if temporarily. Still, the project’..

Kava & Cosmos: Expanding The Potential for DeFi With Bitcoin

Piggybacking on the notion that discrete log contracts can extend Bitcoin’s DeFi ecosystem to trust-minimized derivatives products, it is worth evaluating Kava, and its relationship to Cosmos — both of which can actually help supplement Bitcoin’s liquidity and overall DeFi standing. The primary iss..

What are Discreet Log Contracts? Using Bitcoin for DeFi

DeFi has attracted significant attention over 2019 as hundreds of projects on Ethereum have emerged at the intersection of blockchains and open financial instruments ranging from collateralized stablecoins to derivatives products. While much more feasible at this point on a smart contracts platform..

Decentralized Finance (DeFi) Growing To Reach ‘Billions of Users’ Study Finds

The latest decentralized finance (DeFi) aims at creating new business solutions built on distributed, permissionless networks. A Binance Research study shows that DeFi has grown spectacularly in less than a year.Ethereum-Based Defi Apps Are Worth over $500 Million On June 6, 2019, Binance Researc..

Ethereum DeFi Products Hit Milestone as ETH Falls Against Bitcoin

DeFi on Ethereum Gains Steam Decentralized finance, best known as DeFi, has rapidly gained steam on Ethereum — despite the fact that ETH is currently falling against Bitcoin, reaching multi-year lows over the past few weeks. This class of decentralized applications (dApps) have quickly garnered tr..

Ethereum’s Wrapped Bitcoin Set to Eclipse Lightning Network Capacity

Since the project launched a little over six months ago, Wrapped Bitcoin (WBTC) has roughly $5.9 million or 558 BTC locked into the system. At the rate WBTC’s token contract is climbing, the project is close to surpassing the Lightning Network’s capacity in the near future. Also read: The ”Wrapped ..

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